Price has been in uptrend since 5th - 6th Jan and is Continuing: Market is Trending and Bullish
Recently:
Swing Low: 13th Jan 4:00 pm - 0.002600 BTC
Swing High: 14th Jan 10:30 am - 0.003489 BTC
Just bounced of 50% retracement line - 0.003010 BTC
Also hitting Bollinger band Support
Also 10 & 20 EMA are very close so
= bounce is expected
Current Entry: at 0.003200 BTC
Target: 0.0042 - 0.0044 BTC <---(from Official Bitcoin Free Group Telegram)
Position Size: 1.46 ETC = 0.00454627 BTC = £44.55
Target: 0.00594500 BTC = £58.26
Recently:
Swing Low: 13th Jan 4:00 pm - 0.002600 BTC
Swing High: 14th Jan 10:30 am - 0.003489 BTC
Just bounced of 50% retracement line - 0.003010 BTC
Also hitting Bollinger band Support
Also 10 & 20 EMA are very close so
= bounce is expected
Current Entry: at 0.003200 BTC
Target: 0.0042 - 0.0044 BTC <---(from Official Bitcoin Free Group Telegram)
Position Size: 1.46 ETC = 0.00454627 BTC = £44.55
Target: 0.00594500 BTC = £58.26
Set Stop Loss at: 0.0027
Loss:
0.0032 - 0.0027 = 0.0005 BTC * 1.46 ETC
= £7.08
Profit:
0.0042 - 0.0032 = 0.0010 BTC * 1.46 ETC
= £9.7 ....? or £13.71
Must of calculated something wrong, idk, either way
Risk to Reward is above 1 so calm.