ForecastCity
Long

BTCUSD , weekly update: Total profit 1160611 in 11 days

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Total Profit: 1160611 pip
Closed trade(s): 84040 pip Profit
Open trade(s): 1076571 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01.


Closed Profit:
TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit.

Open Profit:
Profit for one trade is 7912.04(current price) - 6715.85(open price) = 119619 pip
9 trade(s) still open, therefore total profit for open trade(s) is 119619 x 9 = 1076571 pip

Take Profits:
TP2= @ 8180.60
TP3= @ 9051.90
TP4= @ 9774.80
TP5= @ 11600.00
TP6= @ 12670.65
TP7= @ 15308.00
TP8= @ 17095.65
TP9= @ 19704.20
TP10= Free

Midterm forecast:
While the price is above the support 6000.00, resumption of uptrend is expected.
We make sure when the resistance at 11600.00 breaks.
If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

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 54.

Trade active: BTCUSD , weekly update: Total profit 2192392 in 22 days

Bitcoin/Dollar
Total Profit: 2192392 pip
Closed trade(s): 464120 pip Profit
Open trade(s): 1728272 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01.

Closed Profit:
TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit.
TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit.
TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit.
84040 + 146475 + 233605 = 464120 pip

Open Profit:
Profit for one trade is 9184.81(current price) - 6715.85(open price) = 246896 pip
7 trade(s) still open, therefore total profit for open trade(s) is 246896 x 7 = 1728272 pip

Take Profits:
TP4= @ 9774.80
TP5= @ 11600.00
TP6= @ 12670.65
TP7= @ 15308.00
TP8= @ 17095.65
TP9= @ 19704.20
TP10= Free

Midterm forecast:
While the price is above the support 5460.00, resumption of uptrend is expected.
We make sure when the resistance at 9774.80 breaks.
If the support at 5460.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

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 66.
Trade active: A New Trading Opportunity!! TP3 hit with 1884035 profit .....!

BITCOIN/DOLLAR
Midterm forecast:
  • There is possibility of temporary retracement to suggested support line (8180.60), if so, traders can set orders based on Price Action and expect to reach short-term targets.
  • While the price is above the support 8180.60, resumption of uptrend is expected.
  • We make sure when the resistance at 9774.80 breaks.
  • If the support at 8180.60 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 8180.60 is broken.

    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 67.

Total Profit: 1884035 pip
Closed trade(s): 464120 pip Profit
Open trade(s): 1419915 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01.

Closed Profit:
TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit.
TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit.
TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit.
84040 + 146475 + 233605 = 464120 pip

Open Profit:
Profit for one trade is 8744.30(current price) - 6715.85(open price) = 202845 pip
7 trade(s) still open, therefore total profit for open trade(s) is 202845 x 7 = 1419915 pip

Take Profits:
TP4= @ 9774.80
TP5= @ 11600.00
TP6= @ 12670.65
TP7= @ 15308.00
TP8= @ 17095.65
TP9= @ 19704.20
TP10= Free

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thanks for the update, do you think this is a trend reversal or maybe just another spike rally?
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