GOLEM/BITCOIN 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 (0.000032 to 0.000016), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000032) Ending of entry zone (0.000016)
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 Trade Setup: We opened 8 BUY trade(s) @ 0.00002911(day close price) based on reversal candle (Trough & 2-Day Hammer) at 03.19.2018. Total Profit: 24212 Closed trade(s): 2589 Profit Open trade(s): 21623 Profit
Closed Profit: TP1 @ 0.000055 touched at 04.13.2018 with 2589 Profit.
Open Profit: Profit for one trade is 0.00006000(current price) -0.00002911(open price) = 3089 7 trade(s) still open, therefore total profit for open trade(s) is 3089 x 7 = 21623 All SLs moved to Break-even point.
Technical analysis: Golem/Bitcoin 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. The RSI is at 78.