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ForecastCity
Jan 22, 2021 7:20 PM

💡 Don't miss the great buy opportunity in Bitcoin/TetherUS Long

Bitcoin / TetherUSBinance

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (30500.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. Bitcoin/TetherUS BTCUSDT 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 50.

Take Profits:
TP1= @ 34500.0
TP2= @ 37500.0
TP3= @ 40000.0
TP4= @ 42000.0
TP5= @ 45000.0
TP6= @ 50000.0

SL= Break below S2

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Comments
Best_Forecast
you did good job here but I'm not so sure about getting in to be honest.
ForecastCity
@Best_Forecast, Thanks for your comment 🌹
Pro_Trader_007
Superb 👏 tnx for sharing it
ForecastCity
@Pro_Trader_007, Thanks 🌹
Kristalyn
I enjoy the excellent analysis of yours. Thanks
ForecastCity
@Kristalyn, You're welcome 🌹
Sir_Ray
thank you for the helpful content
ForecastCity
@Sir_Ray, It's good to know you like it 🌹
obiscosys
When should we expect this retracement?
ForecastCity
@obiscosys, It's a mid-term forecast. so in a few days/ couple of weeks. Thanks for your comment.
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