ForecastCity

Byteball , The new Buy Zone & TPs for GBYTEUSD . Don't miss it.

Long
BITTREX:GBYTEUSD   Bytes / US Dollar (calculated by TradingView)
Technical analysis:
  • BYTEBALL/DOLLAR is in a down trend and Beginning of up trend is expected.
  • The price is below the 21-Day WEMA which acts as a dynamic resistance.
  • The RSI is at 30.

    Trading suggestion:
    *The price is in a down trend, but we forecast the uptrend would begin.
    *There is possibility of temporary retracement to suggested support zone (171 to 106), if so, traders can set orders based on Price Action and expect to reach short-term targets.

  • Beginning of entry zone (171)
  • Ending of entry zone (106)
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 "Trough", 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 264
TP2= @ 302
TP3= @ 360
TP4= @ 518
TP5= @ 643
TP6= @ 777
TP7= @ 895
TP8= @ 955
TP9= @ 1210
TP10= Free
Trade active: GBYTEUSD , Weekly update: TP2 hit. Total profit 83104727412 in 22 days.!!
BYTEBALL / DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support zone (171 to 106), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (171)
Ending of entry zone (106)

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 10 BUY trade(s) @163.98046294(day close price) based on reversal candle (Hammer) at 03.30.2018 .

Total Profit: 83104727412
Closed trade(s): 4036967412 Profit
Open trade(s): 79067760000 Profit

Closed Profit:
TP1 @ 264 touched at 04.15.2018 with 118483706 Profit.
TP2 @ 302 touched at 04.20.2018 with 3918483706 Profit.
118483706 + 3918483706 = 4036967412

Open Profit:
Profit for one trade is 262.81516294(current price) - 163.98046294(open price) = 9883470000
8 trade(s) still open, therefore total profit for open trade(s) is 9883470000 x 8 = 79067760000
All SLs moved to Break-even point.

Take Profit:
TP1= @ 264
TP2= @ 302
TP3= @ 360
TP4= @ 518
TP5= @ 643
TP6= @ 777
TP7= @ 895
TP8= @ 955
TP9= @ 1210
TP10= Free


Technical analysis:
Byteball/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 76.
Trade closed: stop reached: The break-even stop hit

Total Profit: 23803907412 pip
Closed trade(s): 23803907412 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @163.98046294(day close price) based on reversal candle (Hammer) at 03.30.2018
Closed Profit:
TP1 @ 264 touched at 04.15.2018 with 97 pip Profit.
TP2 @ 302 touched at 04.20.2018 with 97 pip Profit.
10001953706 + 13801953706 = 23803907412

8 other break-even trades closed at entry price, therefore no profit no loss.

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