ForecastCity
Long

A trading opportunity to buy in ETCBTC

BITTREX:ETCBTC   Ethereum Classic / Bitcoin
Technical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound 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.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00211)
Ending of entry zone (0.00182)

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= @ 0.00240
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free
Trade active: Weekly update: TP1 hit with 362659 profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00222461 based on ' Valley ' entry method at 08.03.2018.


Total Profit: 362659
Closed trade(s): 17539 Profit
Open trade(s): 345120 Profit

Closed Profit:
TP1 @ 0.00240 touched at 08.05.2018 with 17539 Profit.

Open Profit:
Profit for one trade is 0.00265601(current price) - 0.00222461(open price) = 43140
8 trade(s) still open, therefore total profit for open trade(s) is 43140 x 8 = 345120
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free

Technical analysis:
EthereumClassic/Bitcoin is in a range bound and Beginning of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 67.
Trade active: Weekly update: TP2 hit with 358844 profit ...


Trade Setup:
We opened 9 BUY trade(s) @ 0.00222461 based on ' Valley ' entry method at 08.03.2018.


Total Profit: 358844
Closed trade(s): 75078 Profit
Open trade(s): 283766 Profit

Closed Profit:
TP1 @ 0.00240 touched at 08.05.2018 with 17539 Profit.
TP2 @ 0.00280 touched at 08.07.2018 with 57539 Profit.
17539 + 57539 = 75078

Open Profit:
Profit for one trade is 0.00262999(current price) - 0.00222461(open price) = 40538
7 trade(s) still open, therefore total profit for open trade(s) is 40538 x 7 = 283766
All SLs moved to Break-even point.

Take Profit:
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free
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