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Weekly forecast BIT technical chart
Symbol BITUSD

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Trade Setup
#BITUSD
Total Profit: 3838 pip (409%)
Closed trade(s): 2202 pip Profit (235%)
Open trade(s): 1636 pip Profit (174%)

Trade Setup:
We opened 8 BUY trade(s) @ 0.00938 based on 'Valley' entry method at 2020.07.21.

Closed Profit:
TP1 @ 0.00975 touched at 2020.07.26 with 37 pip Profit (4%).
TP2 @ 0.01045 touched at 2020.07.27 with 107 pip Profit (11%).
TP3 @ 0.01180 touched at 2020.08.01 with 242 pip Profit (26%).
TP4 @ 0.01370 touched at 2020.10.27 with 432 pip Profit (46%).
TP5 @ 0.01545 touched at 2020.11.06 with 607 pip Profit (65%).
TP6 @ 0.01715 touched at 2020.11.17 with 777 pip Profit (83%).
37 (4%) + 107 (11%) + 242 (26%) + 432 (46%) + 607 (65%) + 777 (83%) = 2202 pip (235%)

Open Profit:
Profit for one trade is 0.01756(current price) - 0.00938(open price) = 818 pip (87%)
2 trade(s) still open, therefore total profit for open trade(s) is 818 (87%) x 2 = 1636 pip (174%)

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 0.01245 is broken, we will close open trades.
DateNovember 17, 2020 - 22:37
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.01245 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 0.01245 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.01440 on 11/07/2020, so more gains to resistance(s) 0.01985 and more heights 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 80.

Take Profits:

  1. 0.00975
  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.