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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

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Trade Setup

#BCHBTC
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.

Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip

Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 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 0.1480 is broken, we will close open trades.

DateMon, 05/07/2018 - 17:18
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 0.1480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 0.1480 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 69.

Take Profits:

  1. 0.1040
  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