We are waiting for BTCUSD long entry…
We are waiting for BTCUSD long entry. We expect a correction movement in the exchange rate. We take a long position around 6518 usd levels. Target price 7141 usd
We are waiting for BTCUSD long entry. We expect a correction movement in the exchange rate. We take a long position around 6518 usd levels. Target price 7141 usd
Technical analysis:
. ICN/ETHEREUM 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 44.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.001600 to 0.001100). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.001600)
Ending of entry zone (0.001100)
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= @ 0.002500
TP2= @ 0.003540
TP3= @ 0.004380
TP4= @ 0.005040
TP5= @ 0.006270
TP6= @ 0.007480
TP7= @ 0.009220
TP8= @ 0.011430
TP9= @ 0.00
TP10= Free
Woohoo!!
Just for fun. Games with 200 MA Daily was such fun thought I’d try it with 28 MA Weekly (that’s 200/7 for comparison with daily)
The bull set ups are what interest me. Can they be replicated? I don’t know. They are just observations at a time in crypto when those who got the most media attention and audience can say and point to anything and it’s got a 50/50 chance of happening.
Im on Bitmex, not sure how this translates to XRP/USD
Short to 88.6% of wave 1
Long at 88.6% to 161.8%
ETCUSD , Tendency: UP .
- Breakout resistance-> Buy !