ForecastCity

BTCUSD Update: Profit=622900 SL=94000 Reward/Risk > 6.6:1

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Trade Setup summary:
Profit targets=622900 pip (56400 + 84400 + 112900 + 147800 + 221400)
Stop Loss =94000 pip
Reward/Risk > 6.6 : 1

Current Status:

Total Profit: 272400 pip
Closed trade(s): 272400 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 9212.00 based on 'previous Forecast' at 2020.07.15 :

Closed Profit:
TP1 @ 9285.00 touched at 2020.07.21 with 7300 pip Profit.
TP2 @ 9384.00 touched at 2020.07.21 with 17200 pip Profit.
TP3 @ 9475.00 touched at 2020.07.22 with 26300 pip Profit.
TP4 @ 9712.00 touched at 2020.07.25 with 50000 pip Profit.
TP5 @ 9900.00 touched at 2020.07.26 with 68800 pip Profit.
TP6 @ 10240.0 touched at 2020.07.26 with 102800 pip Profit.
7300 + 17200 + 26300 + 50000 + 68800 + 102800 = 272400

Technical analysis:
. BTCUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.

New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (10856.0) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.

Take Profits:
TP1= @ 11420.0
TP2= @ 11700.0
TP3= @ 11985.0
TP4= @ 12334.0
TP5= @ 13070.0

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