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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

Download MT4 template file

Trade Setup

#BCHBTC
Total Profit: 91071 pip
Closed trade(s): 81063 pip Profit
Open trade(s): 10008 pip Profit
_______________________________________________
Trade Setup:
We opened 8 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 @ 0.16685 touched at 2017.11.11 with 10869 pip Profit.
TP4 @ 0.17690 touched at 2017.11.11 with 11874 pip Profit.
TP5 @ 0.19600 touched at 2017.11.11 with 13784 pip Profit.
TP6 @ 0.21850 touched at 2017.11.11 with 16034 pip Profit.
TP7 @ 0.24400 touched at 2017.11.12 with 18584 pip Profit.
4234 + 5684 + 10869 + 11874 + 13784 + 16034 + 18584 = 81063 pip

Open Profit:
Profit for one trade is 0.15824(current price) - 0.05816(open price) = 10008 pip
1 trade(s) still open, therefore total profit for open trade(s) is 10008 x 1 = 10008 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.1480 to 0.1336). 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 (0.1480)
    • Resistance on 01/06/2018
    • Support on 12/22/2017
    • Support on 12/20/2017
    • Resistance on 11/29/2017
    • Resistance on 11/21/2017
    • Resistance on 11/20/2017
    • Support on 11/18/2017
    • Support on 11/15/2017
    • Support on 11/13/2017
    • Support on 11/11/2017
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 08/28/2017
    • Resistance on 08/27/2017
    • Resistance on 08/26/2017
    • Resistance on 08/25/2017
    • Support on 08/22/2017
    • Support on 08/21/2017
    • Support on 08/19/2017
  • Ending of entry zone (0.1336)
    • Support on 01/06/2018
    • Resistance on 12/03/2017
    • Resistance on 12/01/2017
    • Support on 11/29/2017
    • Support on 11/21/2017
    • Support on 11/20/2017
    • Support on 11/19/2017
    • Support on 11/11/2017
    • Resistance on 09/13/2017
    • Resistance on 09/12/2017
    • Resistance on 09/11/2017
    • Support on 09/09/2017
    • Support on 09/07/2017
    • Resistance on 09/04/2017
    • Resistance on 09/03/2017
    • Resistance on 09/01/2017
    • Resistance on 08/31/2017
    • Resistance on 08/30/2017

DateTue, 01/09/2018 - 17:57
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 above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 0.1669
  2. 0.1769
  3. 0.1960
  4. 0.2185
  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