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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
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.0590 to 0.0515). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy 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

DateSun, 11/12/2017 - 12:46
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

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
  2. 0.1150
  3. 0.1480
  4. 0.2000
  5. 0.2440
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash / Bitcoin (BCHBTC) Mon, 3 Sep 2018
Bitcoin Cash / Bitcoin (BCHBTC) Tue, 7 Aug 2018
Bitcoin Cash / Bitcoin (BCHBTC) Fri, 27 Jul 2018
Bitcoin Cash / Bitcoin (BCHBTC) Wed, 11 Jul 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Thu, 21 Jun 2018