ForecastCity

There is a trading opportunity to buy in BTSBTC

Long
POLONIEX:BTSBTC   BitShares / Bitcoin
Technical analysis:
. BITSHARES/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 59.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.

Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000195 to 0.0000129). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0000195)
Ending of entry zone (0.0000129)

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.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000260
TP2= @ 0.0000316
TP3= @ 0.0000470
TP4= @ 0.0000590
TP5= @ 0.0000710
TP6= @ 0.0001020
TP7= @ 0.0001760
TP8= Free
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