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Analysis 29.9.2017: Trade Recommendation: Bitcoin

This buy signal is for adding new trading volume to the previous long positions. The price bounces from the support zone formed by 4000.00 support level and the trend line of the ascending price channel. RSI confirms price reversal. Buy at 4200.00 level with stop orders at 3970.00 level. Profit targets are 4500.00 and 4900.00 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Market: BTCUSD
Buy: 4200.00
Stop: 3970.00
Profit Targets: 4500.00 and 4900.00
The trading signal is based on Poloniex chart.

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