There is a possibility for the beginning of an uptrend in LTCBTC
Updated
Technical analysis:
. Litcoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55 .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00803070 to 0.00732360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00803070)
Ending of entry zone (0.00732360)
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= @ 0.00945400
TP2= @ 0.00999300
TP3= @ 0.01063810
TP4= @ 0.01240100
TP5= @ 0.01334200
TP6= @ 0.01533800
TP7= @ 0.01733900
TP8= @ 0.02019900
TP9= @ 0.02383000
TP10= Free
. Litcoin/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55 .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00803070 to 0.00732360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00803070)
Ending of entry zone (0.00732360)
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= @ 0.00945400
TP2= @ 0.00999300
TP3= @ 0.01063810
TP4= @ 0.01240100
TP5= @ 0.01334200
TP6= @ 0.01533800
TP7= @ 0.01733900
TP8= @ 0.02019900
TP9= @ 0.02383000
TP10= Free
Trade active
Weekly update: TP2 hit with 703954 pip profit ... Trade Setup:
We opened 10 BUY trade(s) @ 0.00829193 based on '2-Day Hammer' entry method at 12.28.2018.
Total Profit: 703954 pip
Closed trade(s): 286314 Profit
Open trade(s): 417640 Profit
Closed Profit:
TP1 @ 0.00945400 touched at 12.19.2018 with 116207 Profit.
TP2 @ 0.00999300 touched at 12.19.2018 with 170107 Profit.
116207 + 170107 = 286314
Open Profit:
Profit for one trade is 0.00881398 (current price) - 0.00829193 (open price) = 52205
8 trade(s) still open, therefore total profit for open trade(s) is 52205 x 8 = 417640
All SLs moved to Break-even point.
Take Profit:
TP3= @ 0.01063810
TP4= @ 0.01240100
TP5= @ 0.01334200
TP6= @ 0.01533800
TP7= @ 0.01733900
TP8= @ 0.02019900
TP9= @ 0.02383000
TP10= Free
Trade active
Weekly update: TP4 hit with 3012656 profit ... Trade Setup:
We opened 10 BUY trade(s) @ 0.00829193 based on '2-Day Hammer' entry method at 12.28.2018.
Total Profit: 3012656
Closed trade(s): 931838 Profit
Open trade(s): 2080818 Profit
Closed Profit:
TP1 @ 0.00945400 touched at 01.06.2019 with 116207 Profit.
TP2 @ 0.00999300 touched at 01.06.2019 with 170107 Profit.
TP3 @ 0.01063810 touched at 02.08.2019 with 234617 Profit.
TP4 @ 0.01240100 touched at 02.09.2019 with 410907 Profit.
116207 + 170107 + 234617 + 410907 = 931838
Open Profit:
Profit for one trade is 0.01175996 (current price) - 0.00829193 (open price) = 346803
6 trade(s) still open, therefore total profit for open trade(s) is 52205 x 6 = 2080818
All SLs moved to Break-even point.
Take Profit:
TP5= @ 0.01334200
TP6= @ 0.01533800
TP7= @ 0.01733900
TP8= @ 0.02019900
TP9= @ 0.02383000
TP10= Free
High Accurate AI-Generated forecasts for:
🌟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
🌟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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.