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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
Last weekBullish

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) new Tue, 1 Dec 2020
BIT (BITUSD) free Wed, 25 Nov 2020
BIT (BITUSD) Tue, 17 Nov 2020
BIT (BITUSD) free Sun, 8 Nov 2020
BIT (BITUSD) free Sun, 1 Nov 2020