website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast BIT technical chart
Symbol BITUSD

Download MT4 template file

Trade Setup
#BITUSD
Total Profit: 757 pip
Closed trade(s): 205 pip Profit
Open trade(s): 552 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.00895 based on 'Valley' entry method at 2020.01.27.

Closed Profit:
TP1 @ 0.00950 touched at 2020.01.30 with 55 pip Profit.
TP2 @ 0.01045 touched at 2020.02.13 with 150 pip Profit.
55 + 150 = 205 pip

Open Profit:
Profit for one trade is 0.00987(current price) - 0.00895(open price) = 92 pip
6 trade(s) still open, therefore total profit for open trade(s) is 92 x 6 = 552 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.
DateFebruary 23, 2020 - 16:42
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 0.00885 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 0.01045 on 02/13/2020, so more losses to support(s) 0.00950 and minimum to Major Support (0.00885) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 56.

Take Profits:

  1. 0.00950
  2. 0.01045
  3. 0.01180
  4. 0.01370
  5. 0.01545
  6. 0.01715
  7. 0.01985
Click on the level to view price action history.
Symbol Released Current Forecast
BIT (BITUSD) free Thu, 14 Oct 2021
BIT (BITUSD) Sat, 9 Oct 2021
BIT (BITUSD) free Sat, 2 Oct 2021
BIT (BITUSD) Sat, 25 Sep 2021
BIT (BITUSD) Sun, 19 Sep 2021
History
Daily-Trading-Opportunities on BITUSD.