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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

Download MT4 template file

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

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

Midterm forecast:

  • While the level 0.1480 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.

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.
  • If the Midterm level 0.1480 is broken, we will close these trades.

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) new Mon, 21 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Mon, 7 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Fri, 4 May 2018
Bitcoin Cash / Bitcoin (BCHBTC) Thu, 26 Apr 2018
Bitcoin Cash / Bitcoin (BCHBTC) free Thu, 19 Apr 2018