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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 395198 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 215268 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 1166.06(current price) - 627.89(open price) = 53817 pip
4 trade(s) still open, therefore total profit for open trade(s) is 53817 x 4 = 215268 pip

#BCHUSD
Total Profit: 303644 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 83311 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 1166.42(current price) - 333.31(open price) = 83311 pip
1 trade(s) still open, therefore total profit for open trade(s) is 83311 x 1 = 83311 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 1060.0 is broken, we will close open trades.
  • Price may also reach 1060.0, 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.

DateMay 22, 2018 - 14:32
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1060.0 would begin in Midterm.
  • We will close our open trades, if the Midterm level 1060.0 is broken.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 1561.25 on 2018-04-24 and the peak at 1836 on 2018-05-06, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI support #1 at 35 is not broken, the probability of price decrease would be too low.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

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) free Sun, 24 Mar 2024
Bitcoin Cash (BCHUSD) Sun, 17 Mar 2024
Bitcoin Cash (BCHUSD) free Sun, 10 Mar 2024
Bitcoin Cash (BCHUSD) free Mon, 4 Mar 2024
Bitcoin Cash (BCHUSD) free Sat, 24 Feb 2024