Technical analysis: . Litecoin/Bitcoin is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57.
Trading suggestion: . If you missed our first HUNT, you have a second chance to buy above the new suggested support zone. . There is still a possibility of temporary retracement to suggested support zone (0.01000000 to 0.00845000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01000000) Ending of entry zone (0.00845000)
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 the special version of our "Price Action" strategy FOLLOW our lessons: New Take Profits: TP1= @ 0.01135000 TP2= @ 0.01315000 TP3= @ 0.01430000 TP4= @ 0.01530000 TP5= @ 0.01730000 TP6= @ 0.02015000 TP7= @ 0.02380000 TP8= Free
We opened 10 BUY trade(s) @ 0.00829193 based on '2-Day Hammer' entry method at 12.28.2018. Total Profit: 3360242 Closed trade(s): 2428404 Profit Open trade(s): 931838 Profit
Closed Profit: TP1 @ 0.00945400 touched at 01.06.2019 with 116207 Profit. TP2 @ 0.00999300 touched at 01.06.2019 with 170107 Profit. TP3 @ 0.01063810 touched at 02.08.2019 with 234617 Profit. TP4 @ 0.01240100 touched at 02.09.2019 with 410907 Profit. 116207 + 170107 + 234617 + 410907 = 931838
Open Profit: Profit for one trade is 0.01233927 (current price) - 0.00829193 (open price) = 404734 6 trade(s) still open, therefore total profit for open trade(s) is 404734 x 6 = 2428404 All SLs moved to Break-even point.