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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 571894 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 391964 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.

Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip

Open Profit:
Profit for one trade is 1607.80(current price) - 627.89(open price) = 97991 pip
4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip

#BCHUSD
Total Profit: 347763 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 127430 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 333.31 (day close price) based on 'Valley' at 2017.10.26.

Closed Profit:
TP1 @ 395.75 touched at 2017.10.28 with 6244 pip Profit.
TP2 @ 467.40 touched at 2017.10.29 with 13409 pip Profit.
TP3 @ 543.85 touched at 2017.11.02 with 21054 pip Profit.
TP4 @ 625.80 touched at 2017.11.03 with 29249 pip Profit.
TP5 @ 707.75 touched at 2017.11.10 with 37444 pip Profit.
TP6 @ 823.95 touched at 2017.11.10 with 49064 pip Profit.
TP7 @ 972.00 touched at 2017.11.10 with 63869 pip Profit.
6244 + 13409 + 21054 + 29249 + 37444 + 49064 + 63869 = 220333 pip

Open Profit:
Profit for one trade is 1607.61(current price) - 333.31(open price) = 127430 pip
1 trade(s) still open, therefore total profit for open trade(s) is 127430 x 1 = 127430 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 1292.20 is broken, we will close these trades.

DateMon, 05/07/2018 - 16:42
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1292.20 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 1292.20 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 66.

Take Profits:

  1. 748.60
  2. 832.10
  3. 945.70
  4. 1120.15
  5. 1292.20
  6. 2026.20
  7. 2811.15
  8. 4088.05
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) Thu, 26 Jul 2018
Bitcoin Cash (BCHUSD) Wed, 18 Jul 2018
Bitcoin Cash (BCHUSD) Wed, 27 Jun 2018
Bitcoin Cash (BCHUSD) Wed, 20 Jun 2018
Bitcoin Cash (BCHUSD) free Wed, 6 Jun 2018