ForecastCity
Long

There is a great trading opportunity to buy in BTCUSD..

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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.
Trade active: Weekly update: TP1 hit with 422204 profit ...


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 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:


Trade Setup:
We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14.


Total Profit: 422204 pip
Closed trade(s): 58192 pip Profit
Open trade(s): 364012 pip Profit

Closed Profit:
TP1 @ 6700.00 touched at 08.22.2018 with 58192 Profit.

Open Profit:
Profit for one trade is 6449.00 (current price) - 6118.08(open price) = 33092 pip
11 trade(s) still open, therefore total profit for open trade(s) is 33092 x 11 = 364012 pip

Take Profits:
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
Trade active: Weekly update: TP2 hit with 1247594 pip profit ...


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.

Trade Setup:
We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14.


Total Profit: 1247594 pip
Closed trade(s): 153884 Profit
Open trade(s): 1093710 Profit

Closed Profit:
TP1 @ 6700.00 touched at 08.28.2018 with 58192 Profit.
TP2 @ 7075.00 touched at 08.22.2018 with 95692 Profit.
58192 + 95692 = 153884

Open Profit:
Profit for one trade is 7211.79 (current price) - 6118.08 (open price) = 109371 pip
10 trade(s) still open, therefore total profit for open trade(s) is 109371 x 10 = 1093710 pip
All SLs moved to Break-even point.

Take Profit:
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
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