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There is a great trading opportunity to buy in BTCUSD..Midterm Forecast: While the price is above the support 4966.90, resumption of the uptrend is expected. We make sure when the resistance at 8200.00 breaks. If the support at 4966.90 is broken, the short-term forecast -resumption of the uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 26 and it prevented the price from more losses. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 44. New Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (6000.00 to 5460.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (6000.00) Ending of entry zone (5460.00) 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 : New Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip New Take Profits: TP1= @ 6700.00 TP2= @ 7075.00 TP3= @ 7682.60 TP4= @ 8200.00 TP5= @ 8800.00 TP6= @ 9800.00 TP7= @ 11600.00 TP8= @ 12700.00 TP9= @ 14350.00 TP10= @ 17095.65 TP11= @ 19704.20 TP12= Free Previous Trade Setup: We opened 11 BUY trade(s) @ 6275.35 based on 'Trough (Valley)' entry method at 2018.07.15. Total Profit: 224590 pip Closed trade(s): 224590 pip Profit Open trade(s): 0 pip Profit Previous Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip 8 other break-even trades closed at entry price, therefore no profit no loss.
BITSTAMP:BTCUSDLong
by ForecastCity
1
There is a trading opportunity to buy in BTCUSD..Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. . Relative strength index (RSI) is 44. Trading suggestion: . The price is in a range bound and we forecast the uptrend would resume. . There is a possibility of temporary retracement to suggested support zone (6000 to 5460). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (6000) Ending of entry zone (5460) 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 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= @6415.00 TP2= @6974.35 TP3= @7682.60 TP4= @8760.45 TP5= @9774.80 TP6= @11600.00 TP7= @12700.00 TP8= @14350.00 TP9= @17095.65 TP10= @19704.20 TP11=Free
BITSTAMP:BTCUSDLong
by ForecastCity
4
A Bullish Engulfing Pattern is formed in Bitcoin daily chartMidterm Forecast: . While the price is above the support 6000.00, resumption of uptrend is expected. . We make sure when the resistance at 9774.80 breaks. . If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: .While the RSI support #1 at 30 is not broken, the probability of price decrease would be too low. . The RSI downtrend #2 is broken, so the probability of a resumption of uptrend is increased. . Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. . Relative strength index (RSI) is 41. . A "Bullish Engulfing Pattern" is formed in the daily chart at 7469.45 on 05/29/2018, so the probability of beginning of uptrend is increased. Trading suggestion: There is a possibility of temporary retracement to suggested Buy Zone (6974.35 to 6000.00). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (6974.35) Ending of entry zone (6000.00) Take Profits: TP1= @ 7556.25 TP2= @ 8180.60 TP3= @ 9051.90 TP4= @ 9774.80 TP5= @ 11600.00 TP6= @ 12750.00 TP7= @ 15308.00 TP8= @ 17095.65 TP9= @ 19704.20 TP10= Free Trade Setup: We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01. Total Profit: 1181981 pip Closed trade(s): 770015 pip Profit Open trade(s): 411966 pip Profit Closed Profit: TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit. TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit. TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit. TP4 @ 9774.80 touched at 2018.05.05 with 305895 pip Profit. 84040 + 146475 + 233605 + 305895 = 770015 pip Open Profit: Profit for one trade is 7402.46(current price) - 6715.85(open price) = 68661 pip 6 trade(s) still open, therefore total profit for open trade(s) is 68661 x 6 = 411966 pip
BITSTAMP:BTCUSDLong
by ForecastCity
1
A New Trading Opportunity!! TP3 hit with 1884035 profit .....!BITCOIN/DOLLAR Midterm forecast: There is possibility of temporary retracement to suggested support line (8180.60), if so, traders can set orders based on Price Action and expect to reach short-term targets. While the price is above the support 8180.60, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support at 8180.60 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 8180.60 is broken. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 67. Total Profit: 1884035 pip Closed trade(s): 464120 pip Profit Open trade(s): 1419915 pip Profit Trade Setup: We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01. Closed Profit: TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit. TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit. TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit. 84040 + 146475 + 233605 = 464120 pip Open Profit: Profit for one trade is 8744.30(current price) - 6715.85(open price) = 202845 pip 7 trade(s) still open, therefore total profit for open trade(s) is 202845 x 7 = 1419915 pip Take Profits: TP4= @ 9774.80 TP5= @ 11600.00 TP6= @ 12670.65 TP7= @ 15308.00 TP8= @ 17095.65 TP9= @ 19704.20 TP10= Free
BITSTAMP:BTCUSDLong
by ForecastCity