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BTCDBTC

Where to enter $btc to catch the new wave !$btc showed great strenght/momentum from <$4k to ~ $14 and we haven’t seen this kind of strenght ever since. What does this tell us? The move upwards was most likely the longer current trend and the current downward movement is a correction. This correction reached the 61.8% fib level, but as it’s a wave 2 it could reach new levels. It’s actually not so relevant where the bottom will take place ($5.2k is the next level with the purple dotted line as intermediate, strong, support). What is relevant to keep tracking when $btc breaks out of the current channel. An upward breakout would kick-off a new wave (3) up which should be stronger then the previous wave. As long as $btc moves within it’s channel, an alternative (bearish) count is still valid so the risk/reward of open positions is much higher.
COINBASE:BTCUSDLong
by Ralphho
A trading opportunity to buy in BTCDBTCTechnical analysis: . BITCOINDARK/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00736080 to 0.00559310). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00736080) Ending of entry zone (0.00559310) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.01109300 TP2= @ 0.01310700 TP3= @ 0.01473000 TP4= @ 0.01662300 TP5= @ 0.02108900 TP6= @ 0.02556000 TP7= @ 0.03191500 TP8= @ 0.04001800 TP9= Free
BLong
by ForecastCity
A trading opportunity to buy in BTCDBTCTechnical analysis: . BITCOINDARK/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00736080 to 0.00559310). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00736080) Ending of entry zone (0.00559310) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.01109300 TP2= @ 0.01310700 TP3= @ 0.01473000 TP4= @ 0.01662300 TP5= @ 0.02108900 TP6= @ 0.02556000 TP7= @ 0.03191500 TP8= @ 0.04001800 TP9= Free
BLong
by ForecastCity
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