Utilize Breakout Price and Making Orders When Price Take Retracement ( For Beginner )
Hi There,,
Good night all, steemian's... On this night's occasion talk a little how to use breakout and retracement prices, after the market changed trend, this we can see in the currency btc-bts, and tonight I use Poloniex exchange for a little bit clear how to use the price Retracement market after the price is clearly formed to the trend up, and this simple way I often use to analyze various types of cryptocurrecy.
We can see in the picture above that bts / btc is already formed to trending up, on the red line line that I mark it is the previous highest price limit and then there is a breakout at the price of 0.00001087 and here started the trend exchange, and our task is to find the price for Buy.
On the blue ellipse that I mark it is clear that the price performs a retracement to continue the trending up. Nah at the moment the price is doing retracement here clearly looks the price of play on EMA 21 and 8, that's where the order area we wait for our best entry and a good profit.
Warm regards ..
follow me @munt
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