BTS/USDT TA Update (bullish breakout?)BTS/USDT
BTS finally changed the 4H trend after breaking the trend-line resistance and making its 1st Higher High.
We can see a bullish MA cross and the RSI trading above 50 condition level. If a pullback is going to happen,
the area between 0.01600-0.01440 must be defended to keep the strong bullish momentum otherwise
an equilibrium play is going to play-out which will take a longer trading action. No red flag today, market bias is to the upside.
Btsethereum
BitShares Complete RetracementHuge retracement.. Looks overwhelmingly bearish for now.. Whales may capitulate on this uncertainty within the market
There is a trading opportunity to buy in BTSETHTechnical analysis:
. BitShares/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00029000 to 0.00027500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00029000)
Ending of entry zone (0.00027500)
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= @ 0.00031800
TP2= @ 0.00033000
TP3= @ 0.00034200
TP4= @ 0.00036000
TP5= @ 0.00037700
TP6= @ 0.00041500
TP7= @ 0.00045400
TP8= @ 0.00050800
TP9= Free
There is a trading opportunity to buy in BTSETHTechnical analysis:
. BitShares/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 25.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00029000 to 0.00027500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00029000)
Ending of entry zone (0.00027500)
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= @ 0.00031800
TP2= @ 0.00033000
TP3= @ 0.00034200
TP4= @ 0.00036000
TP5= @ 0.00037700
TP6= @ 0.00041500
TP7= @ 0.00045400
TP8= @ 0.00050800
TP9= Free
There is a possibility for the beginning of an uptrend in BTSETHTechnical analysis:
. BitShares/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00031700 to 0.00029600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00031700)
Ending of entry zone (0.00029600)
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= @ 0.00034200
TP2= @ 0.00036000
TP3= @ 0.00038400
TP4= @ 0.00040900
TP5= @ 0.00044700
TP6= @ 0.00047500
TP7= @ 0.00050100
TP8= @ 0.00057000
TP9= Free
There is a possibility for the beginning of an uptrend in BTSETHTechnical analysis:
. BitShares/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 31.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00031700 to 0.00029600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00031700)
Ending of entry zone (0.00029600)
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= @ 0.00034200
TP2= @ 0.00036000
TP3= @ 0.00038400
TP4= @ 0.00040900
TP5= @ 0.00044700
TP6= @ 0.00047500
TP7= @ 0.00050100
TP8= @ 0.00057000
TP9= Free
There is a trading opportunity to buy in BTSETHTechnical analysis:
. BITSHARES/ETHEREUM is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is 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 (0.000380 to 0.000332). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000380)
Ending of entry zone (0.000332)
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= @ 0.000442
TP2= @ 0.000467
TP3= @ 0.000507
TP4= @ 0.000556
TP5= @ 0.000664
TP6= @ 0.000809
TP7= @ 0.000994
TP8= Free
There is a trading opportunity to buy in BTSETHTechnical analysis:
. BITSHARES/ETHEREUM is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is 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 (0.000380 to 0.000332). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000380)
Ending of entry zone (0.000332)
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= @ 0.000442
TP2= @ 0.000467
TP3= @ 0.000507
TP4= @ 0.000556
TP5= @ 0.000664
TP6= @ 0.000809
TP7= @ 0.000994
TP8= Free
A trading opportunity to buy in BTSETHTechnical analysis:
. BITSHARES/ETHEREUM 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 50.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000358 to 0.000277). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000358)
Ending of entry zone (0.000277)
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= @ 0.000412
TP2= @ 0.000467
TP3= @ 0.000550
TP4= @ 0.000664
TP5= @ 0.000809
TP6= @ 0.000994
TP7= Free
A trading opportunity to buy in BTSETHTechnical analysis:
. BITSHARES/ETHEREUM 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 50.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000358 to 0.000277). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000358)
Ending of entry zone (0.000277)
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= @ 0.000412
TP2= @ 0.000467
TP3= @ 0.000550
TP4= @ 0.000664
TP5= @ 0.000809
TP6= @ 0.000994
TP7= Free
