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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

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Trade Setup

#BCHBTC
Total Profit: 55081 pip
Closed trade(s): 51670 pip Profit
Open trade(s): 3411 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 0.09227(current price) - 0.05816(open price) = 3411 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3411 x 1 = 3411 pip

DateTue, 04/10/2018 - 18:09
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.0510, beginning of uptrend is expected.
  • We make sure when the resistance at 0.1210 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 36.

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, the description can also be found below the image.

Take Profits:

  1. 0.1040 ✔(2018-04-19)
  2. 0.1210
  3. 0.1330
  4. 0.1480
  5. 0.1610
  6. 0.1770
  7. 0.2010
  8. 0.2440
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash / Bitcoin (BCHBTC) Wed, 11 Jul 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Thu, 21 Jun 2018
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