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Weekly forecast Bitcoin Cash technical chart
Symbol BCHUSD

Download MT4 template file

Trade Setup

#BCHUSD
Total Profit: 73475 pip
Closed trade(s): 4667 pip Profit
Open trade(s): 68808 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 451.08 based on 'Valley' entry method at 2018.09.20.

Closed Profit:
TP1 @ 497.75 touched at 2018.09.21 with 4667 pip Profit.

Open Profit:
Profit for one trade is 508.42(current price) - 451.08(open price) = 5734 pip
12 trade(s) still open, therefore total profit for open trade(s) is 5734 x 12 = 68808 pip

#BCHUSD
Total Profit: 237705 pip
Closed trade(s): 220333 pip Profit
Open trade(s): 17372 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 507.03(current price) - 333.31(open price) = 17372 pip
1 trade(s) still open, therefore total profit for open trade(s) is 17372 x 1 = 17372 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.

DateWed, 10/03/2018 - 09:26
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 190.10, resumption of uptrend is expected.
  • We make sure when the resistance at 637.00 breaks.
  • If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 497.75
  2. 637.00
  3. 748.60
  4. 832.10
  5. 945.70
  6. 1148.10
  7. 1292.20
  8. 1610.45
  9. 1773.75
  10. 1986.65
  11. 2890.00
  12. 4088.05
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin Cash (BCHUSD) free Tue, 13 Nov 2018
Bitcoin Cash (BCHUSD) free Mon, 5 Nov 2018
Bitcoin Cash (BCHUSD) Wed, 3 Oct 2018
Bitcoin Cash (BCHUSD) Thu, 20 Sep 2018
Bitcoin Cash (BCHUSD) Thu, 26 Jul 2018