There is a second chance to buy in Golem/Bitcoin ....GOLEM/BITCOIN
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would continue.
*There is still a possibility of temporary retracement to suggested support line(0.000062). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.000062).
*If the support line at (0.000062) is broken, the forecast (continuation of uptrend) will be invalid.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "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 8 BUY trade(s) @ 0.00002911(day close price) based on reversal candle (Valley & 2-Day Hammer ) at 03.19.2018.
Total Profit: 35907
Closed trade(s): 13367 Profit
Open trade(s): 22540 Profit
Closed Profit:
TP1 @ 0.000055 touched at 04.13.2018 with 2589 Profit.
TP2 @ 0.000077 touched at 05.02.2018 with 4789 Profit.
TP3 @ 0.000089 touched at 05.03.2018 with 5989 Profit.
2589 + 4789 + 5989 =13367
Open Profit:
Profit for one trade is 0.00007419(current price) -0.00002911(open price) = 4508
5 trade(s) still open, therefore total profit for open trade(s) is 4508 x 5 = 22540
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.000109
TP5= @ 0.000168
TP6= @ 0.000221
TP7= @ 0.000278
TP8= Free
Technical analysis:
Golem/Bitcoin is in a range bound and continuation of uptrend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 53.
