There is a possibility for the beginning of an uptrend in LRCBTC
Updated
Technical analysis:
. LOOPRING/BITCOIN 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 37.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
Price is in the support zone (0.00001110 to 0.00000920), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00001110)
Ending of entry zone (0.00000920)
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= @ 0.00001310
TP2= @ 0.00001630
TP3= @ 0.00001900
TP4= @ 0.00002310
TP5= @ 0.00002760
TP6= @ 0.00003370
TP7= @ 0.00004900
TP8= @ 0.00006120
TP9= @ 0.00007350
TP10= @ 0.00009100
TP11= @ 0.00011320
TP12= @ 0.00015400
TP13= Free
. LOOPRING/BITCOIN 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 37.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
Price is in the support zone (0.00001110 to 0.00000920), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00001110)
Ending of entry zone (0.00000920)
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= @ 0.00001310
TP2= @ 0.00001630
TP3= @ 0.00001900
TP4= @ 0.00002310
TP5= @ 0.00002760
TP6= @ 0.00003370
TP7= @ 0.00004900
TP8= @ 0.00006120
TP9= @ 0.00007350
TP10= @ 0.00009100
TP11= @ 0.00011320
TP12= @ 0.00015400
TP13= Free
Trade active
Weekly update: TP5 hit with 6224 pip profit ... Trade Setup:
We opened 13 BUY trade(s) @ 0.00001182 based on "Hammer" entry method at 01.07.2019.
Total Profit: 6224 pip
Closed trade(s): 4000 Profit
Open trade(s): 2224 Profit
Closed Profit:
TP1 @ 0.00001310 touched at 01.16.2019 with 128 Profit.
TP2 @ 0.00001630 touched at 01.17.2019 with 448 Profit.
TP3 @ 0.00001900 touched at 01.19.2019 with 718 Profit.
TP4 @ 0.00002310 touched at 01.22.2019 with 1128 Profit.
TP5 @ 0.00002760 touched at 01.22.2019 with 1578 Profit.
128 + 448 + 718 + 1128 + 1578 = 4000
Open Profit:
Profit for one trade is 0.00001460 (current price) - 0.00001182 (open price) = 278 pip
8 trade(s) still open, therefore total profit for open trade(s) is 278 x 8 = 2224 pip
All SLs moved to Break-even point.
Take Profit:
TP6= @ 0.00003370
TP7= @ 0.00004900
TP8= @ 0.00006120
TP9= @ 0.00007350
TP10= @ 0.00009100
TP11= @ 0.00011320
TP12= @ 0.00015400
TP13= 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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