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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

Download MT4 template file

Trade Setup

#BCHBTC
Total Profit: 6950 pip
Closed trade(s): 5165 pip Profit
Open trade(s): 1785 pip Profit
_______________________________________________
Trade Setup:
We opened 6 BUY trade(s) @ 0.0582 based on 'Valley' entry method at 2017.10.24.

Closed Profit:
TP1 @ 0.1005 touched at 2017.11.10 with 423 pip Profit.
TP2 @ 0.1150 touched at 2017.11.10 with 568 pip Profit.
TP3 @ 0.1480 touched at 2017.11.10 with 898 pip Profit.
TP4 @ 0.2000 touched at 2017.11.11 with 1418 pip Profit.
TP5 @ 0.2440 touched at 2017.11.12 with 1858 pip Profit.
423 + 568 + 898 + 1418 + 1858 = 5165 pip

Open Profit:
Profit for one trade is 0.2367(current price) - 0.0582(open price) = 1785 pip
1 trade(s) still open, therefore total profit for open trade(s) is 1785 x 1 = 1785 pip
_______________________________________________

DateSun, 11/12/2017 - 12:46
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish
OpenNA
High0.5088 on Sun, 11/12/2017 - 03:30
Low0.0512 on Sat, 10/21/2017 - 13:30
Close0.2422
Description

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.0590 to 0.0515), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.0590)
    • Resistance on 10/26/2017
    • Resistance on 10/25/2017
    • Resistance on 10/24/2017
    • Resistance on 10/22/2017
    • Resistance on 10/20/2017
    • Support on 10/18/2017
    • Support on 10/09/2017
    • Support on 08/06/2017
  • Ending of entry zone (0.0515)
    • Support on 10/21/2017
    • Support on 10/13/2017

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 92.

Take Profits:

  1. 0.1005
    • Resistance on 10/01/2017
    • Support on 09/15/2017
    • Support on 08/18/2017
    • Resistance on 08/11/2017
    • Resistance on 08/09/2017
    • Resistance on 08/08/2017
    • Resistance on 08/07/2017
  2. 0.1150
    • Resistance on 09/28/2017
    • Resistance on 09/25/2017
    • Resistance on 09/24/2017
    • Resistance on 09/23/2017
    • Support on 09/21/2017
    • Support on 09/19/2017
    • Support on 09/16/2017
    • Support on 09/15/2017
    • Support on 08/30/2017
    • Support on 08/29/2017
    • Resistance on 08/08/2017
  3. 0.1480
    • Support on 11/11/2017
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 08/28/2017
    • Resistance on 08/27/2017
    • Resistance on 08/26/2017
    • Resistance on 08/25/2017
    • Support on 08/22/2017
    • Support on 08/21/2017
    • Support on 08/19/2017
  4. 0.2000
    • Support on 11/12/2017
    • Resistance on 08/22/2017
    • Resistance on 08/20/2017
  5. 0.2440
    • Resistance on 11/12/2017

Latest forecasts
Symbol Released Current Forecast
Bitcoin Cash / Bitcoin (BCHBTC) Thu, 25 Jan 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Fri, 19 Jan 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Tue, 9 Jan 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Wed, 3 Jan 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Mon, 25 Dec 2017