. BasicAttentionToken/ Bitcoin is in a Down Trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The is at 37.
. While the and the price downtrend in the are not broken, wave in price would continue.
New Trading suggestion:
. There is a possibility of temporary retracement to the new suggested (0.000030 to 0.000024). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000030)
Ending of entry zone (0.000024)
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:
New Take Profits:
TP1= @ 0.0000350
TP2= @ 0.0000390
TP3= @ 0.0000444
TP4= @ 0.0000500
TP5= @ 0.0000540
TP6= @ 0.0000578
TP7= @ 0.0000678
Previous Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on 2-day reversal candle (2-day ) at 03.19.2018 .
Total Profit: 7502 pip
Closed trade(s): 6208 pip Profit
Open trade(s): 1294 pip Profit
TP1 @ 0.000032 touched at 03.27.2018 with 727 Profit.
TP2 @ 0.000039 touched at 04.18.2018 with 1427 Profit.
TP3 @ 0.000045 touched at 04.18.2018 with 2027 Profit.
TP4 @ 0.000054 touched at 04.30.2018 with 2927 Profit.
727 + 1427 + 2027 + 2927 = 6208
Profit for one trade is 0.00003120(current price) - 0.00002473(open price) = 647 pip
2 trade(s) still open, therefore total profit for open trade(s) is 647 x 2 = 1294 pip
Previous Take Profits:
TP5= @ 0.000068