Technical analysis: .QUANTSTAMP/BITCOIN is in a range bound and Resumption of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin. .The RSI is at 37.
Trading suggestion: There is possibility of temporary retracement to suggested support zone (0.000025 to 0.000021), if so, traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (0.000025) .Ending of entry zone (0.000021)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Price Action Lesson 3: Hammer, The first sign of beginning ...
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