ForecastCity
Long

A trading opportunity to buy in BNTBTC

BITTREX:BNTBTC   Bancor / Bitcoin
Technical analysis:
. Bancor/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00015100 to 0.00013800). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00015100)
Ending of entry zone (0.00013800)

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= @ 0.00018700
TP2= @ 0.00019500
TP3= @ 0.00019500
TP4= @ 0.00023500
TP5= @ 0.00027000
TP6= @ 0.00030050
TP7= @ 0.00035350
TP8= @ 0.00048170
TP9= @ 0.00057770
TP10= @ 0.00071100
TP11 = @ 0.00100500
TP12 = Free
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you need to fix TP3 which is @ 0.00021900 not @ 0.00019500 ... thank you for sharing the idea
Reply
I appreciate your effort. really a good trading opportunity to buy on BNT vs BTC. I won't miss that.
Reply
@fxniki, You're welcome.
Thank you for your support and good luck.
Reply
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