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 42. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0004530 to 0.0002800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0004530) Ending of entry zone (0.0002800)
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= @ 0.0006868 TP2= @ 0.0009590 TP3= @ 0.0011550 TP4= @ 0.0012768 TP5= @ 0.0016700 TP6= @ 0.0020900 TP7= @ 0.0025200 TP8= @ 0.0031150 TP9= @ 0.0038700 TP10= Free
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