Trading Opportunity In Bitcoin/Usd

in cryptocurrency •  last year 

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Midterm:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.

Technical analysis:
. The RSI bounced from the support #1 at 26 and it prevented the price from more losses.
. The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased.
. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
. Relative strength index ( RSI ) is 44.

Trading suggestion:
. The price is in a range bound and we forecast the uptrend would resume.
. There is a possibility of temporary retracement to suggested support zone (6000 to 5460). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (6000)
Ending of entry zone (5460)

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 reversal patterns is formed in the zone.

Take Profits:
TP1= @6415.00
TP2= @6974.35
TP3= @7682.60
TP4= @8760.45
TP5= @9774.80
TP6= @11600.00
TP7= @12700.00
TP8= @14350.00
TP9= @17095.65
TP10= @19704.20
TP11=Free

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  ·  last year Reveal Comment

Flag this spammer plz.

It's a good sign that bitcoin is stable make some profit in alt coins.

Ye chart app log kahan se study krte hai

This post has received a 43.33 % upvote from @boomerang.

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Free but tp11 very free :) nice👍

I want to invest in bitcoin .
Please tell me that is it the best time for invest in bitcoin.

@amit994
I think now time is winning time

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Market is pretty much stagnant, trend break or any upward moment will bring some quick action from BTC

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  ·  last year Reveal Comment

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Great post!
Thanks for tasting the eden!

  ·  last year Reveal Comment

You got a 50.26% upvote from @sleeplesswhale courtesy of @amit994!

near to go moon market. market is pretty much stagnant trend break or any upward moment will bring some quick action from BTC.

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@amit994, you are saying there is trading opportunity in bitcoin but in India after the rbi new guidelines, the faith of people become less in the virtual currency. Zebpay and unicoin customer are in fuzz what to do in india now

very simply explained

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