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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 367074 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 187144 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 1095.75(current price) - 627.89(open price) = 46786 pip
4 trade(s) still open, therefore total profit for open trade(s) is 46786 x 4 = 187144 pip

#BCHUSD
Total Profit: 296160 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 75827 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 1091.58(current price) - 333.31(open price) = 75827 pip
1 trade(s) still open, therefore total profit for open trade(s) is 75827 x 1 = 75827 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 832.10 is broken, we will close these trades.
  • Price may also reach 832.10, 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.

DateWed, 06/06/2018 - 17:00
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 832.10 would begin in Midterm.
  • We will close our open trades, if the Midterm level 832.10 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 35 and it prevented price from more losses.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

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