Great Long-Term Hunting Opportunity in BTCUSD!!

Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 8363.05 would begin in Midterm.
Price may also reach 8363.05, if price reaches this level, we may enter by Daily-Trading-Opportunities (Price Action).

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (9180.05 to 7773.55), if so, we would set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.

• Beginning of entry zone (9180.05)
  
• Ending of entry zone (7773.55)
  

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 54.
  

Take Profits:
TP1= @ 10688.25
TP2= @ 11599.50
TP3= @ 12670.65
TP4= @ 15308.00
TP5= @ 17095.65
TP6= @ 19704.20
TP7= @ Free

تعليق:

Midterm forecast

Midterm forecast:
. While the price is above the support 8410.20, resumption of uptrend is expected.
. We make sure when the resistance at 11600.00 breaks.
. If the support at 8410.20 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (9180.05 to 7773.55), if so, we would set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.

. Beginning of entry zone (9180.05)
. Ending of entry zone (7773.55)

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 56.

Take Profits:
TP1= @ 10688.25
TP2= @ 11599.50
TP3= @ 12670.65
TP4= @ 15308.00
TP5= @ 17095.65
TP6= @ 19704.20
TP7= @ Free