Waltonchain / Bitcoin formed bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0000769 to 0.0000744
Sell between: 0.0000789 to 0.0000837
Regards,
Atif Akbar (moon333)
WTC is a little risk now, so if you can watch it carefully and know its price anytime, you can buy it
Buy : 1300-1350
Sell : 1480-1675
Mid-Hold : 1850-2830
Stop : Under 1250
Buyback plan : 950-1000
If you enter with proper entry from recent dead cat bounce, $WTC must've gave you at least a 2Xs or 100%+.
No doubt Walton Chain is one among many great token projects until this day, with only 70 mils total supply and 40 mils ciculating supply $WTC aim to be useful in commercial use. For example last partnership with Dongdaemun Fashion Town Tourism Zone...
Technical analysis:
. WALTON/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 46.
. While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue.
Trading suggestion:
. There is still a possibility...
