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ForecastCity
Sep 7, 2020 8:26 PM

Don't miss the great buy opportunity in BTCUSD Long

BITSTAMP:BTCUSD60
Bitcoin / U.S. dollarBitstamp

Description

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Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (10004.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. BTCUSD 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 46.

Take Profits:
TP1= @ 10628.00
TP2= @ 10841.00
TP3= @ 11124.00
TP4= @ 11632.00
TP5= @ 12050.00

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsBTCUSDdollarBitcoin (Cryptocurrency)BTCUSDbitcoindollarbitcoinforecastbitcointradingbitcoinanalysis
Comments
GlennTarplett
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awesome charts
ForecastCity
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@GlennTarplett, Thanks for your kind comment.
Josef_anderson
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Great! You're always excellent.
ForecastCity
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@Josef_anderson, Thank you!
ForecastCity
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@Josef_anderson, We always appreciate your support.
Pro_Trader_007
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I'm waiting for the next intraday idea. 👌
ForecastCity
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@Pro_Trader_007, 👍
Crypto_Capital
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Don't you think there could be more downside till 9500 9300 or 9000 as the S&P 500 is heading towards to its 200 daily SMA?
ForecastCity
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@MT96, Thanks for your comment.
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