STELLAR/BITCOIN New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (0.000037), if so, traders can set orders based on Price Action and expect to reach short-term targets.
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 5 BUY trade(s) @ 0.00002673(day close price) based on the reversal candle ( Hammer ) at 03.18.2018. Total Profit: 7605 Closed trade(s): 3981 Profit Open trade(s): 3624 Profit
Closed Profit: TP1 @ 0.0000325 touched at 03.31.2018 with 577 Profit. TP2 @ 0.0000395 touched at 04.17.2018 with 1277 Profit. TP3 @ 0.0000480 touched at 04.17.2018 with 1277 Profit. 577 + 1277 + 2127 = 3981
Open Profit: Profit for one trade is 0.00004485(current price) - 0.00002673(open price) = 1812 2 trade(s) still open, therefore total profit for open trade(s) is 1812 x 2 = 3624 All SLs moved to Break-even point.
Take Profits: TP4= @ 0.0000619 TP5= Free
Technical analysis: Stellar/Bitcoin is in an up trend and continuation of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 63.
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