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Weekly forecast BIT technical chart
Symbol BITUSD

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Trade Setup
#BITUSD
Total Profit: 5770 pip (616%)
Closed trade(s): 3249 pip Profit (347%)
Open trade(s): 2521 pip Profit (269%)

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%).
TP7 @ 0.01985 touched at 2020.12.01 with 1047 pip Profit (112%).
37 (4%) + 107 (11%) + 242 (26%) + 432 (46%) + 607 (65%) + 777 (83%) + 1047 (112%) = 3249 pip (347%)

Open Profit:
Profit for one trade is 0.03459(current price) - 0.00938(open price) = 2521 pip (269%)
1 trade(s) still open, therefore total profit for open trade(s) is 2521 (269%) x 1 = 2521 pip (269%)

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 0.02000 is broken, we will close open trades.
DateJanuary 12, 2021 - 19:45
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.02000 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 0.02000 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 0.04191 on 01/08/2021, so more losses to support(s) 0.03000, 0.02760, 0.02420 and minimum to Major Support (0.02000) 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 60.

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.