A long-term trading opportunity to buy in BTCUSDT. Wait to hunt!
Updated
Technical analysis:
BITCOIN/TETHER is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 59.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (7875 to 6048), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7875)
Ending of entry zone (6048)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 9053
TP2= @ 11149
TP3= @ 12688
TP4= @ 17160
TP5= @ 19850
TP6= Free
BITCOIN/TETHER is in a Range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 59.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (7875 to 6048), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7875)
Ending of entry zone (6048)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 9053
TP2= @ 11149
TP3= @ 12688
TP4= @ 17160
TP5= @ 19850
TP6= Free
Trade active
BTCUSDT ,Weekly update: TP1 hit. Total profit 1086300 in 21 daysBitcoin / Tether Dollar
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support zone (7875 to 6048), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (7875)
Ending of entry zone (6048)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 6 BUY trade(s) @ 7400.00 (day close price) with a strong signal based on 2-day reversal candle (Hammer, 2-day Hammer & Valley ) at 04.03.2018 .
Total Profit: 1086300
Closed trade(s): 165300 Profit
Open trade(s): 921000 Profit
Closed Profit:
TP1 @ 9053.00 touched at 04.24.2018 with 165300 Profit.
Open Profit:
Profit for one trade is 9242.00(current price) - 7400.00(open price) = 184200
5 trade(s) still open, therefore total profit for open trade(s) is 184200 x 5 = 921000
All SLs moved to Break-even point.
Take Profit:
TP2= @ 11149
TP3= @ 12688
TP4= @ 17160
TP5= @ 19850
TP6= Free
Technical analysis:
Bitcoin/Tether Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 66.
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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