ForecastCity

WTCBTC , Walton would probably begin a new uptrend !!

Long
ForecastCity Updated   
BINANCE:WTCBTC   None
Technical analysis:
  • WALTONCHAIN/BITCOIN 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 43.

    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 (0.00148 to 0.00125), if so, traders can set orders based on Price Action and expect to reach short-term targets.

  • Beginning of entry zone (0.00148)
  • Ending of entry zone (0.00125)
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= @ 0.00179
TP2= @ 0.00197
TP3= @ 0.00234
TP4= @ 0.00278
TP5= @ 0.00380
TP6= Free
Trade active:
Weekly Update: TP1 hit with 19247 profit in 8 days
WALTON/BITCOIN
Trading suggestion:
*The price is in a rage bound and we forecast the uptrend would resume.
*There is possibility of temporary retracement to suggested support zone (0.00148 to 0.00125), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00148)
Ending of entry zone (0.00125)

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 6 BUY trade(s) @ 0.0014638(day close price) based on reversal candle (Valley) at 04.08.2018.
Total Profit: 19247
Closed trade(s): 3262 Profit
Open trade(s): 15985 Profit

Closed Profit:
TP1 @ 0.00179 touched at 04.13.2018 with 3262 Profit.

Open Profit:
Profit for one trade is 0.0017835(current price) -0.0014638(open price) = 3197
5 trade(s) still open, therefore total profit for open trade(s) is 3197 x 5 = 15985
All SLs moved to Break-even point.

Take Profits:
TP2= @ 0.00197
TP3= @ 0.00234
TP4= @ 0.00278
TP5= @ 0.00380
TP6= Free

Technical analysis:
Walton/Bitcoin is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 64.
Trade active:
Weekly Update: TP1 hit with 19247 profit in 8 days
WALTON/BITCOIN
Trading suggestion:
*The price is in a rage bound and we forecast the uptrend would resume.
*There is possibility of temporary retracement to suggested support zone (0.00148 to 0.00125), if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00148)
Ending of entry zone (0.00125)

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 6 BUY trade(s) @ 0.0014638(day close price) based on two-day reversal candle (2-Day Hammer) at 04.22.2018.
Total Profit: 19247
Closed trade(s): 3262 Profit
Open trade(s): 15985 Profit

Closed Profit:
TP1 @ 0.00179 touched at 04.28.2018 with 3262 Profit.

Open Profit:
Profit for one trade is 0.0017835(current price) -0.0014638(open price) = 3197
5 trade(s) still open, therefore total profit for open trade(s) is 3197 x 5 = 15985
All SLs moved to Break-even point.

Take Profits:
TP2= @ 0.00197
TP3= @ 0.00234
TP4= @ 0.00278
TP5= @ 0.00380
TP6= Free

Technical analysis:
Walton/Bitcoin is in a range bound and resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 64.

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