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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

Download MT4 template file

Trade Setup

#BCHBTC
Total Profit: 65366 pip
Closed trade(s): 51670 pip Profit
Open trade(s): 13696 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 0.19512(current price) - 0.05816(open price) = 13696 pip
1 trade(s) still open, therefore total profit for open trade(s) is 13696 x 1 = 13696 pip
_______________________________________________

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 0.133550 is broken, we will close open trades.
DateDecember 25, 2017 - 18:11
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.133550, beginning of uptrend is expected.
  • We make sure when the resistance at 0.156300 breaks.
  • If the support at 0.133550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.133550 is broken.

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 62.

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, 2 Apr 2024
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
History
Daily-Trading-Opportunities on BCHBTC.