ForecastCity
Long

A trading opportunity to buy in BTSETH

BINANCE:BTSETH   BitShares / Ethereum
Technical analysis:
. BITSHARES/ETHEREUM 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 50.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000358 to 0.000277). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000358)
Ending of entry zone (0.000277)

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:

Take Profits:
TP1= @ 0.000412
TP2= @ 0.000467
TP3= @ 0.000550
TP4= @ 0.000664
TP5= @ 0.000809
TP6= @ 0.000994
TP7= Free
Trade active: Weekly update: TP1 hit with 43373 pip profit ...


Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.000358 to 0.000277). if so, traders can set orders based on Price Action and expect to reach short-term targets.


Trade Setup:
We opened 7 BUY trade(s) @ 0.00035939 based on 'Hammer' entry method at 09.08.2018.


Total Profit: 43373 pip
Closed trade(s): 5261 Profit
Open trade(s): 38112 Profit

Closed Profit:
TP1 @ 0.000412 touched at 08.31.2018 with 5261 Profit.

Open Profit:
Profit for one trade is 0.00042291 (current price) - 0.00035939 (open price) = 6352
6 trade(s) still open, therefore total profit for open trade(s) is 6352 x 6 = 38112
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.000467
TP3= @ 0.000550
TP4= @ 0.000664
TP5= @ 0.000809
TP6= @ 0.000994
TP7= Free
Trade active: Weekly update: TP3 hit with 111039 pip profit ...


Trade Setup:
We opened 7 BUY trade(s) @ 0.00035939 based on 'Hammer' entry method at 09.08.2018.


Total Profit: 111039 pip
Closed trade(s): 35083 Profit
Open trade(s): 75956 Profit

Closed Profit:
TP1 @ 0.000412 touched at 08.31.2018 with 5261 Profit.
TP2 @ 0.000467 touched at 09.06.2018 with 10761 Profit.
TP3 @ 0.000550 touched at 09.17.2018 with 19061 Profit.
5261 + 10761 +19061 = 35083

Open Profit:
Profit for one trade is 0.00054928 (current price) - 0.00035939 (open price) = 18989
4 trade(s) still open, therefore total profit for open trade(s) is 18989 x 4 = 75956
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.000664
TP5= @ 0.000809
TP6= @ 0.000994
TP7= Free
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