ForecastCity
Long

There is a trading opportunity to buy in DOGEBTC

HITBTC:DOGEBTC   Dogecoin / Bitcoin
Technical analysis:
. DOGECOIN/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.

Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000000385 to 0.000000348). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.000000385)
Ending of entry zone (0.000000348)

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= @ 0.000000450
TP2= @ 0.000000482
TP3= @ 0.000000549
TP4= @ 0.000000664
TP5= @ 0.000000757
TP6= @ 0.000000921
TP7= @ 0.000001075
TP8= Free
Trade active: Weekly update: TP1 hit with 706 profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 0.000000380 based on ' Valley ' entry method at 07.15.2018.

Total Profit: 706
Closed trade(s): 341 Profit
Open trade(s): 365 Profit

Closed Profit:
TP1 @ 0.000000450 touched at 06.21.2018 with 70 Profit.
TP2 @ 0.000000482 touched at 06.21.2018 with 102 Profit.
TP3 @ 0.000000549 touched at 06.21.2018 with 169 Profit.
70 + 102 + 169 = 341

Open Profit:
Profit for one trade is 0.000000453(current price) - 0.000000380(open price) = 73
5 trade(s) still open, therefore total profit for open trade(s) is 73 x 5 = 365
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.000000664
TP5= @ 0.000000757
TP6= @ 0.000000921
TP7= @ 0.000001075
TP8= Free

Technical analysis:
Dogecoin/Bitcoin is in a range bound and Resumption of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 55.
Trade active: Weekly update: TP3 hit with 706 profit ...


Trade Setup:
We opened 8 BUY trade(s) @ 0.000000380 based on ' Valley ' entry method at 07.15.2018.

Total Profit: 706
Closed trade(s): 341 Profit
Open trade(s): 365 Profit

Closed Profit:
TP1 @ 0.000000450 touched at 06.21.2018 with 70 Profit.
TP2 @ 0.000000482 touched at 06.21.2018 with 102 Profit.
TP3 @ 0.000000549 touched at 06.21.2018 with 169 Profit.
70 + 102 + 169 = 341

Open Profit:
Profit for one trade is 0.000000453(current price) - 0.000000380(open price) = 73
5 trade(s) still open, therefore total profit for open trade(s) is 73 x 5 = 365
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.000000664
TP5= @ 0.000000757
TP6= @ 0.000000921
TP7= @ 0.000001075
TP8= Free

Technical analysis:
Dogecoin/Bitcoin is in a range bound and Resumption of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 55.
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