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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

Download MT4 template file

Trade Setup

#BCHBTC
Total Profit: 63219 pip
Closed trade(s): 51670 pip Profit
Open trade(s): 11549 pip Profit
_______________________________________________
Trade Setup:
We opened 6 BUY trade(s) @ 0.05816 based on 'Valley' entry method at 2017.10.24.

Closed Profit:
TP1 @ 0.10050 touched at 2017.11.10 with 4234 pip Profit.
TP2 @ 0.11500 touched at 2017.11.10 with 5684 pip Profit.
TP3 @ 0.14800 touched at 2017.11.10 with 8984 pip Profit.
TP4 @ 0.20000 touched at 2017.11.11 with 14184 pip Profit.
TP5 @ 0.24400 touched at 2017.11.12 with 18584 pip Profit.
4234 + 5684 + 8984 + 14184 + 18584 = 51670 pip

Open Profit:
Profit for one trade is 0.17365(current price) - 0.05816(open price) = 11549 pip
1 trade(s) still open, therefore total profit for open trade(s) is 11549 x 1 = 11549 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

DateNovember 25, 2017 - 23:45
Currentrange bound
Forecastbeginning of uptrend

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 57.

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) Tue, 12 Mar 2024
Bitcoin Cash / Bitcoin (BCHBTC) Mon, 19 Feb 2024
Bitcoin Cash / Bitcoin (BCHBTC) Tue, 30 Jan 2024
Bitcoin Cash / Bitcoin (BCHBTC) Wed, 10 Jan 2024
Bitcoin Cash / Bitcoin (BCHBTC) Sun, 17 Dec 2023