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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
_______________________________________________

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.

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

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) new Mon, 21 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Mon, 7 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Fri, 4 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) Thu, 26 Apr 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Thu, 19 Apr 2018