ForecastCity

💡BTCUSDT Second Chance: Profit=26% SL=6% Reward/Risk > 4.3:1

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Second Chance Trade Setup summary:

Profit targets=26% = {TP2 = 1.5% + TP3 = 4.5% + TP4 = 7.5% + TP5 = 12.5%}
Stop Loss =6%
Reward/Risk > 4.3:1

New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (32460) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."

New Take Profits:
TP3= @ 33000
TP4= @ 34000
TP5= @ 34960
TP6= @ 36500

SL= Break below 32000

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Current Status of First Buy:

Total Profit: 55%
Closed trade(s): 25% Profit
Open trade(s): 30% Profit

Trade Setup:
We opened 6 BUY trade(s) @ 29940 based on 'previous Forecast' at 05. 01 .2021:

Closed Profit:
TP1 @ 32000 touched at 05. 01 .2021 with 6.5% Profit.
TP2 @ 32460 touched at 05. 01 .2021 with 8.5% Profit.
TP3 @ 33000 touched at 05. 01 .2021 with 10% Profit.
6.5% + 8.5% + 10% = 25%

Open Profit:
Open trade is 33940(current price) - 29940(open price) = 10%
3 trade(s) still open, therefore total profit for open trade(s) is 10% x 3 = 30%

Technical analysis:
. BTCUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

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Comments

Thanks for sharing.
+3 Reply
ForecastCity DenizKilicDeniz
@DenizKilicDeniz, You're most welcome!
Reply
great work.
+2 Reply
ForecastCity davidgolandak
@davidgolandak, Thank you for your comment. We appreciate it
Reply
ForecastCity davidgolandak
@davidgolandak, We wish you all the best with your trades.📈
Reply
You had anticipated the direction so right. I should always keep an eye on your ideas.
+1 Reply
ForecastCity Josef_anderson
@Josef_anderson, We appreciate your support. 💎🙏💎
Reply
Thank you, very useful analysis, Cheers 👍
+1 Reply
@Kamryn, Cheers 👍
Reply
I love the idea, as usual great detailed and helpful. You already reached TP5. I missed it sadly :(

Thanks anyway.
+1 Reply
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