ForecastCity
Long

There is a possibility for the beginning of an uptrend in BTSBTC

POLONIEX:BTSBTC   BitShares / Bitcoin
Technical analysis:
. BITSHARES/BITCOIN 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 42.
. 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 (0.00002134 to 0.00001560). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00002134)
Ending of entry zone (0.00001560)

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= @ 0.0000260
TP2= @ 0.0000309
TP3= @ 0.0000411
TP4= @ 0.0000470
TP5= @ 0.0000590
TP6= @ 0.0000710
TP7= @ 0.0001020
TP8= @ 0.0001760
TP9= Free
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