BitShares , A long-term trading opportunity to buy in BTSUSD.

Mar 28, 2018

Technical analysis:

• 
  BITSHARES/DOLLAR is in a down trend and Beginning of up trend is expected.
  The price is below the 21-Day WEMA which acts as a dynamic resistance.
  The RSI is at 34.
  
  Trading suggestion:
  *The price is in a down trend, but we forecast the uptrend would begin.
  *There is possibility of temporary retracement to suggested support zone (0.1127 to 0.0438), if so, traders can set orders based on Price Action and expect to reach short-term targets.
  
  Beginning of entry zone (0.1127)
  Ending of entry zone (0.0438)
  

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 "Trough", 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:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 0.2005
TP2= @ 0.3170
TP3= @ 0.4536
TP4= @ 0.5638
TP5= @ 0.6736
TP6= @ 0.9800
TP7= Free

May 1, 2018

Trade active

Weekly Update: TP2 hit with 109234143 profit in 19 days...

BITSHARES/DOLLAR
Trading suggestion:
*The price is in an up trend and we forecast the up trend would continue.
*There is still possibility of temporary retracement to suggested support line (0.2005), 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 7 BUY trade(s) @ 0.17904856(day close price) based on reversal candle (Valley) at 04.12.2018 .

Total Profit: 109234143
Closed trade(s): 15940288 Profit
Open trade(s): 93293855 Profit

Closed Profit:
TP1 @ 0.2005 touched at 04.12.2018 with 2145144 Profit.
TP2 @ 0.3170 touched at 04.29.2018 with 13795144 Profit.
2145144 + 13795144 = 15940288

Open Profit:
Profit for one trade is 0.36563627(current price) - 0.17904856(open price) = 18658771
5 trade(s) still open, therefore total profit for open trade(s) is 18658771 x 5 = 93293855
All SLs moved to Break-even point.

Take Profits:
TP3= @ 0.4536
TP4= @ 0.5638
TP5= @ 0.6736
TP6= @ 0.9800
TP7=Free

Technical analysis:
BitShares/Dollar 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.
Relative strength index ( RSI ) is 74.