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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

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Trade Setup

#BCHBTC
Total Profit: 58459 pip
Closed trade(s): 51670 pip Profit
Open trade(s): 6789 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 0.12605(current price) - 0.05816(open price) = 6789 pip
1 trade(s) still open, therefore total profit for open trade(s) is 6789 x 1 = 6789 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

DateSat, 12/02/2017 - 18:21
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

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 below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

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, 13 Nov 2018
Bitcoin Cash / Bitcoin (BCHBTC) Fri, 9 Nov 2018
Bitcoin Cash / Bitcoin (BCHBTC) Mon, 3 Sep 2018
Bitcoin Cash / Bitcoin (BCHBTC) Tue, 7 Aug 2018
Bitcoin Cash / Bitcoin (BCHBTC) Fri, 27 Jul 2018