Don't miss the great buy opportunity in ETPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00001340). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETPBTC 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 83.
Take Profits:
TP1= @ 0.00002240
TP2= @ 0.00003200
TP3= @ 0.00003800
TP4= @ 0.00004450
TP5= @ 0.00005000
TP6= @ 0.00005640
TP7= @ 0.00006470
TP8= @ 0.00008600
SL= Break below S2
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ETP-BTC
Don't miss the great buy opportunity in ETPBTC Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00001340). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETPBTC 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 83.
Take Profits:
TP1= @ 0.00002240
TP2= @ 0.00003200
TP3= @ 0.00003800
TP4= @ 0.00004450
TP5= @ 0.00005000
TP6= @ 0.00005640
TP7= @ 0.00006470
TP8= @ 0.00008600
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETP PartyFollowing a heavy move to the upside signaled by a RSI divergence in may time, ETP/BTC has failed to make higher highs for the last few days while the RSI strength is weakening. It could appear a change of trend is upon us.
I have cloned the previous downside and laid it over the proposed temporary top of market swing here and it looks relatively aesthetically pleasing.
short entry box drawn up with a tight stop incase of upside breakout but with bitcoins weakness i feel this is an unlikely scenario. looking at .00013500 for a close target leaving some on to capitalize from further downside to a possible .00008000
Basil
Hit a 1W Resistance. Short.ETPBTC has seemingly reversed already after hitting the 0.00029564 Resistance on 1W (RSI = 54.551). 0.00022501 and 0.00019525 are the support levels to watch (the latter is our current short's TP also). If the price action imitates the previous pattern (Jan - March) on 1W then we will have another Resistance test before dropping further. In any case shorting here for medium term targets = 0.00013581 and 0.00009315 is more viable.
ETP BTC | Downtrend Continuation | Buy-ZoneThis is not a signal to buy. The buy-zone is my personal target. :)
Downtrend Continuation
Head and Shoulder - bearish
1h 50MA (cyan blue) moving downward indicating downtrend
MACD indicates more selling power than buying
Expect to touch 45k in the short term
Uptrend Indications
H&S is bearish.. Reversal may take time
Break through resistance line / 1hr 50MA
1h 200MA (purple) continues upwards
50MA and 200MA converging and 50MA bounce off
Buy Zone
50-60% retracement
200MA support line
I am using moving averages to predict the price movement (red arrows)
Keep in mind the movements of BTC
Huge spike in price a few days ago
Mid/long target - 70k
I waited for a pullback and buy my first position at 45.8k
Will add more if it drops to 43.8k.
Once it reaches the buy zone, risk to reward profile is essentially 50/50. Set stop losses!
Do your own research! :D
Good luck!