There is a possibility for the beginning of an uptrend in BTGETH
Updated
Technical analysis:
. BITCOINGOLD/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05810 to 0.05160). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05810)
Ending of entry zone (0.05160)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0675
TP2= @ 0.0730
TP3= @ 0.0902
TP4= @ 0.1012
TP5= @ 0.1201
TP6= @ 0.1498
TP7= @ 0.1760
TP8= @ 0.2404
TP9= Free
. BITCOINGOLD/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.05810 to 0.05160). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.05810)
Ending of entry zone (0.05160)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0675
TP2= @ 0.0730
TP3= @ 0.0902
TP4= @ 0.1012
TP5= @ 0.1201
TP6= @ 0.1498
TP7= @ 0.1760
TP8= @ 0.2404
TP9= Free
Trade active
Weekly update: TP2 hit with 2183745profit ...Trade Setup:
We opened 9 BUY trade(s) @ 0.06369861 based on 'Valley' entry method at 08.17.2018.
Total Profit: 2183745 pip
Closed trade(s): 1310278 pip Profit
Open trade(s): 873467 pip Profit
Closed Profit:
TP1 @ 0.0675 touched at 08.15.2018 with 380139 Profit.
TP2 @ 0.0730 touched at 08.28.2018 with 930139 Profit.
380139 + 930139 = 1310278
Open Profit:
Profit for one trade is 0.07617671 (current price) - 0.06369861 (open price) = 124781 pip
7 trade(s) still open, therefore total profit for open trade(s) is 124781 x 7 = 873467 pip
Take Profits:
TP3= @ 0.0902
TP4= @ 0.1012
TP5= @ 0.1201
TP6= @ 0.1498
TP7= @ 0.1760
TP8= @ 0.2404
TP9= Free
Trade active
Weekly update: TP3 hit with 24868881 pip profit ... Trade Setup:
We opened 9 BUY trade(s) @ 0.06369861 based on 'Valley' entry method at 08.17.2018.
Total Profit: 24868881 pip
Closed trade(s): 3960417 Profit
Open trade(s): 20908464 Profit
Closed Profit:
TP1 @ 0.0675 touched at 08.15.2018 with 380139 Profit.
TP2 @ 0.0730 touched at 08.28.2018 with 930139 Profit.
TP3 @ 0.0902 touched at 09.09.2018 with 2650139 Profit.
380139 + 930139 + 2650139 = 3960417
Open Profit:
Profit for one trade is 0.09854605 (current price) - 0.06369861 (open price) = 3484744 pip
6 trade(s) still open, therefore total profit for open trade(s) is 3484744 x 6 = 20908464 pip
All SLs moved to Break-even point.
Take Profit:
TP4= @ 0.1012
TP5= @ 0.1201
TP6= @ 0.1498
TP7= @ 0.1760
TP8= @ 0.2404
TP9= Free
Trade active
Weekly update: TP4 hit with 29527946 pip profit ... Trade Setup:
We opened 9 BUY trade(s) @ 0.06369861 based on 'Valley' entry method at 08.17.2018.
Total Profit: 29527946 pip
Closed trade(s): 7710556 Profit
Open trade(s): 21817390 Profit
Closed Profit:
TP1 @ 0.0675 touched at 08.15.2018 with 380139 Profit.
TP2 @ 0.0730 touched at 08.28.2018 with 930139 Profit.
TP3 @ 0.0902 touched at 09.08.2018 with 2650139 Profit.
TP4 @ 0.1012 touched at 09.10.2018 with 3750139 Profit.
380139 + 930139 + 2650139 + 3750139 = 7710556
Open Profit:
Profit for one trade is 0.10733339 (current price) - 0.06369861 (open price) = 4363478 pip
5 trade(s) still open, therefore total profit for open trade(s) is 4363478 x 5 = 21817390 pip
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.1201
TP6= @ 0.1498
TP7= @ 0.1760
TP8= @ 0.2404
TP9= Free
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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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