ForecastCity
Long

XMRBTC , TP3 hit with 2961600 profit. NEW Buy Opportunity...

POLONIEX:XMRBTC   Monero / Bitcoin
MONERO / 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 (0.026), 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 6 BUY trade(s) @ 0.02503900(day close price) based on 2-day reversal candle (2-day Hammer ) at 03.28.2018 .
Total Profit: 2961600
Closed trade(s): 1008300 Profit
Open trade(s): 1953300 Profit

Closed Profit:
TP1 @ 0.0270 touched at 04.18.2018 with 196100 Profit.
TP2 @ 0.0278 touched at 04.18.2018 with 276100 Profit.
TP3 @ 0.0304 touched at 04.20.2018 with 536100 Profit.
196100 + 276100 + 536100 = 1008300

Open Profit:
Profit for one trade is 0.03155000(current price) - 0.02503900(open price) = 651100
3 trade(s) still open, therefore total profit for open trade(s) is 651100 x 3 = 1953300
All SLs moved to Break-even point.

Take Profit:
TP4= @ 0.0320
TP5= @ 0.0356
TP6= Free

Technical analysis:
Monero/Dollar 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.
Relative strength index ( RSI ) is 70.
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