ForecastCity
Long

A New Trading Suggestion to Buy in GNTBTC ...

POLONIEX:GNTBTC   Golem / Bitcoin
GOLEM/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line(0.000055), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 special version of our "Price Action" strategy FOLLOW our lessons:

Trade Setup:
We opened 8 BUY trade(s) @ 0.00002911(day close price) based on reversal candle (Valley & 2-Day Hammer ) at 03.19.2018.

Total Profit: 40047
Closed trade(s): 13367 Profit
Open trade(s): 26680 Profit

Closed Profit:
TP1 @ 0.000055 touched at 04.13.2018 with 2589 Profit.
TP2 @ 0.000077 touched at 05.02.2018 with 4789 Profit.
TP3 @ 0.000089 touched at 05.03.2018 with 5989 Profit.
2589 + 4789 + 5989 =13367

Open Profit:
Profit for one trade is 0.00008247(current price) -0.00002911(open price) = 5336
5 trade(s) still open, therefore total profit for open trade(s) is 5336 x 5 = 26680
All SLs moved to Break-even point.

Take Profits:
TP4= @ 0.000109
TP5= @ 0.000168
TP6= @ 0.000221
TP7= @ 0.000278
TP8= Free

Technical analysis:
Golem/Bitcoin is in an up trend and continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 73.
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