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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

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Trade Setup

#BCHBTC
Total Profit: 45790 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 16464 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 0.14667(current price) - 0.09179(open price) = 5488 pip
3 trade(s) still open, therefore total profit for open trade(s) is 5488 x 3 = 16464 pip

#BCHBTC
Total Profit: 60518 pip
Closed trade(s): 51670 pip Profit
Open trade(s): 8848 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 0.14664(current price) - 0.05816(open price) = 8848 pip
1 trade(s) still open, therefore total profit for open trade(s) is 8848 x 1 = 8848 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 0.1210 is broken, we will close open trades.
  • Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateTue, 06/05/2018 - 16:27
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
  • We will close our open trades, if the Midterm level 0.1210 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 35 and it prevented price from more losses.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 0.10400
  2. 0.12100
  3. 0.13300
  4. 0.14800
  5. 0.16100
  6. 0.17700
  7. 0.20100
  8. 0.24400
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