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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

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Trade Setup

#BCHBTC
Total Profit: 56564 pip
Closed trade(s): 51670 pip Profit
Open trade(s): 4894 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 0.10710(current price) - 0.05816(open price) = 4894 pip
1 trade(s) still open, therefore total profit for open trade(s) is 4894 x 1 = 4894 pip
_______________________________________________

DateFri, 03/09/2018 - 11:15
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.0510, beginning of uptrend is expected.
  • We make sure when the resistance at 0.1330 breaks.
  • If the support at 0.0510 is broken, the short-term forecast -beginning of uptrend- will be invalid.

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 35.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.1040 to 0.0645), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.1040)
    • Support on 03/08/2018
    • Support on 03/07/2018
    • Support on 12/19/2017
    • Resistance on 12/16/2017
    • Resistance on 12/08/2017
    • Support on 11/17/2017
    • Support on 11/16/2017
    • Support on 09/29/2017
    • Support on 09/15/2017
    • Support on 08/18/2017
    • Resistance on 08/11/2017
    • Resistance on 08/09/2017
    • Resistance on 08/08/2017
    • Resistance on 08/07/2017
  • Ending of entry zone (0.0645)
    • Support on 12/08/2017
    • Support on 10/11/2017
    • Support on 10/10/2017
    • Support on 10/09/2017
    • Support on 08/17/2017
    • Support on 08/16/2017
    • Support on 08/07/2017

Take Profits:

  1. 0.1170
  2. 0.1330
  3. 0.1480
  4. 0.1610
  5. 0.1769
  6. 0.2010
  7. 0.2185
  8. 0.2440
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash / Bitcoin (BCHBTC) free Thu, 14 Jun 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Tue, 5 Jun 2018
Bitcoin Cash / Bitcoin (BCHBTC) Wed, 30 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) Mon, 21 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Mon, 7 May 2018