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ForecastCity
May 7, 2020 8:20 PM

Don't miss the great buy opportunity in BTCUSD Long

Bitcoin / U.S. dollarBitstamp

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (9159.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. BTCUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.

Take Profits:
TP1= @ 10505.20
TP2= @ 12138.65
TP3= @ 13869.90

SL= Break below S2
Comments
NIcodebo1
Are you still bullish?
ForecastCity
@NIcodebo1, Yes, we are.
Sigint90
Is S2 level shown in the image above correct? It says 6762 $.
However you are one of the bests
ForecastCity
@Sigint90, S2=6762.65
Thanks for your comment.
Shiva_forex
Nice idea ..
ForecastCity
@Shiva_forex, Thanks. we hope you enjoy it.
fxniki
Lets go for it. a great opportunity on Bitcoin 🌟🌟🌟
ForecastCity
@fxniki, Thanks
Evgeniy2108
i am waiting short)
ForecastCity
@Evgeniy2108, Thanks for sharing your opinion.
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