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
If you like the info then upvote
Follow me for more updates
@amit994
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It's a good sign that bitcoin is stable make some profit in alt coins.
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Ye chart app log kahan se study krte hai
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This post has received a 43.33 % upvote from @boomerang.
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You got a 35.86% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @amit994! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP Earn 1.25 SBD Per 1000 SP | Discord server
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You got a 31.43% upvote from @dailyupvotes courtesy of @amit994!
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You got a 41.37% upvote from @emperorofnaps courtesy of @amit994!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
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Free but tp11 very free :) nice👍
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I want to invest in bitcoin .
Please tell me that is it the best time for invest in bitcoin.
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@amit994
I think now time is winning time
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You got a 12.50% upvote from @nado.bot courtesy of @amit994!
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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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You got a 29.41% upvote from @redlambo courtesy of @amit994! Make sure to use tag #redlambo to be considered for the curation post!
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You got a 44.13% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
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Great post!
Thanks for tasting the eden!
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You got a 50.26% upvote from @sleeplesswhale courtesy of @amit994!
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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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You got a 55.78% upvote from @brupvoter courtesy of @amit994!
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Sneaky Ninja Attack! You have just been defended with a 27.97% upvote!
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https://steemit.com/travel/@msandhu/amazing-place-calangute-beach-goa-13c51f6558365
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You received a 25.00% upvote from @brotherhood thanks to @amit994!,
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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
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very simply explained
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I vote for you, you vote for me. I like your post, your post is very good.
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You got a 41.67% upvote from @steembloggers courtesy of @amit994!
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