ForecastCity

BATBTC , Weekly update: TP1 hit. Total profit 2487 in 16 days.!!

Long
BITTREX:BATBTC   Basic Attention Token / Bitcoin
Basic Attention Token / Bitcoin
Total Profit: 2487 Profit
Closed trade(s): 727 Profit
Open trade(s): 1760 Profit

Trade Setup:
We opened 6 BUY trade(s) @ 0.00002473 (day close price) based on 2-day reversal candle ( 2-day Hammer ) at 03.19.2018 .
Closed Profit:
TP1 @ 0.00003200 touched at 03.27.2018 with 727 Profit.

Open Profit:
Profit for one trade is 0.00002825(current price) -0.00002473(open price) = 352
5 trade(s) still open, therefore total profit for open trade(s) is 352 x 5 = 1760
All SLs moved to Break-even point.

Take Profit:
TP2= @ 0.000039
TP3= @ 0.000045
TP4= @ 0.000054
TP5= @0.000068
TP6= Free

Trading suggestion:
There is still possibility of temporary retracement to suggested support zone (0.000024 to 0.000018), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index ( RSI ) is 51.
.Current price in short-term is range bound and beginning of uptrend is expected.

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