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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

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.

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.

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) 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