ForecastCity

DOGEBTC ,Weekly update: TP3 hit. Total profit 1618 in 21 days.!!

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HITBTC:DOGEBTC   Dogecoin / 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 (0.0000004), 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 7 BUY trade(s) @ 0.000000399 (day close price) based on 2-day reversal candle (2-day Hammer ) at 03.30.2018 .
Total Profit: 1618
Closed trade(s): 498 Profit
Open trade(s): 1120 Profit

Closed Profit:
TP1 @ 0.000000482 touched at 04.11.2018 with 83 Profit.
TP2 @ 0.000000549 touched at 04.15.2018 with 150 Profit.
TP3 @ 0.000000664 touched at 04.18.2018 with 265 Profit.
83 + 150 + 265 = 498

Open Profit:
Profit for one trade is 0.000000679(current price) -0.000000399(open price) = 280
4 trade(s) still open, therefore total profit for open trade(s) is 280 x 4 = 1120
All SLs moved to Break-even point.

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

Technical analysis:
Dogecoin/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.
Relative strength index ( RSI ) is 81.

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