ForecastCity

Excellent Long-Term Hunting Opportunity in BTCUSD, Don't miss it

Long
ForecastCity Updated   
BITSTAMP:BTCUSD   Bitcoin
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (11339.85 to 9350.00), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Closed Profit:
TP1= @6930.00
TP2= @7450.20
TP3= @7773.55

Open Profit:
1 trade is still open

Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 48.
.Current short-term is range bound, but resumption of uptrend is expected.
Trade active:
New Trading suggestion:
There is possibility of temporary retracement to suggested support zone (13275.00 to 11339.85), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Take Profit:
TP1= @14991.70
TP2= @16384.30
TP3= @17112.55
TP4= @19704.20
TP5= @Free

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 51.
.Current short-term is range bound, but resumption of uptrend is expected.


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