ForecastCity

Excellent Long-Term Hunting Opportunity in BTCUSD, Don't miss it

Long
BITSTAMP:BTCUSD   Bitcoin
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (11339.85 to 9051.90), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Take Profit:
TP1= @12933.10
TP2= @13663.40
TP3= @15097.15
TP4= @17112.55
TP5= @19704.20
TP6= @Free

Technical analysis:
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 38.
.Current short-term is range bound, but resumption of uptrend is expected.

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