Technical analysis: . BITSHARES/DOLLAR 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 27. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.1210 to 0.0438). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1210) Ending of entry zone (0.0438)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1855 TP2= @ 0.2379 TP3= @ 0.3170 TP4= @ 0.4536 TP5= @ 0.5638 TP6= @ 0.6736 TP7= @ 0.9800 TP8= Free
Seriously guys, ta is junck now this market is all emotions. “IF YOU INVEST IN THIS MARKET YOU WILL I REPEAT WILL LOOSE YOR MONEY”
And besides this analyst is right less than 30% of the time.
ForecastCity
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@Bullion_Money, It's really strange to me. Why traders sometimes lose their accuracy.
Wish you once read the text of my idea. as I wrote:
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. and
While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue. you could set orders when the price comes to "Buy zone" and then forms one of the reversal patterns, like "Bullish Engulfing", "Hammer" or "Valley".
Did you see any of these after the idea was published????
careless people lose more money
Bullion_Money
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@ForecastCity, 30% was just based on Buy ZONE. You are correct. Constructive criticism then the issue is alot of information but you and your team should find a better way to organize it. Maybe put that info "Buy the zone when one of the reversal patterns, like "Bullish Engulfing", "Hammer" or "Valley" form in the buy zone area.