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Weekly forecast BIT technical chart
Symbol BITUSD

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Trade Setup

#BITUSD
Total Profit: 505 pip (14%)
Closed trade(s): 505 pip Profit (14%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 11 BUY trade(s) @ 0.03640 based on 'Valley' entry method at 2021.06.09.

Closed Profit:
TP1 @ 0.03785 touched at 2021.06.10 with 145 pip Profit (4%).
TP2 @ 0.04000 touched at 2021.06.14 with 360 pip Profit (10%).
145 (4%) + 360 (10%) = 505 pip (14%)

9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.03350 to 0.03000).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.03350)
    • Support on 01/06/2021
    • Support on 01/11/2021
    • Support on 01/12/2021
    • Support on 01/13/2021
    • Support on 01/17/2021
    • Support on 01/20/2021
    • Resistance on 01/22/2021
    • Resistance on 01/23/2021
    • Resistance on 01/25/2021
    • Resistance on 01/28/2021
    • Support on 02/02/2021
    • Support on 05/19/2021
    • Support on 05/22/2021
    • Support on 05/23/2021
    • Support on 05/24/2021
    • Support on 05/29/2021
    • Support on 05/30/2021
    • Support on 06/08/2021
    • Support on 06/09/2021
    • Support on 06/20/2021
  • Ending of entry zone (0.03000)
    • Support on 01/04/2021
    • Support on 01/05/2021
    • Support on 01/22/2021
    • Support on 01/27/2021
    • Support on 01/28/2021
    • Support on 05/19/2021

DateJune 21, 2021 - 20:58
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.03000, resumption of uptrend is expected.
  • We make sure when the resistance at 0.04700 breaks.
  • If the support at 0.03000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.04100 on 06/15/2021, so more losses minimum to Major Support (0.03000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 36.

Take Profits:

  1. 0.03785
  2. 0.04000
  3. 0.04200
  4. 0.04500
  5. 0.04700
  6. 0.05205
  7. 0.05560
  8. 0.05825
  9. 0.06155
  10. 0.06500
Click on the level to view price action history.

Symbol Released Current Forecast
BIT (BITUSD) Sat, 31 Jul 2021
BIT (BITUSD) free Sat, 24 Jul 2021
BIT (BITUSD) Sat, 17 Jul 2021
BIT (BITUSD) Sat, 10 Jul 2021
BIT (BITUSD) Sun, 4 Jul 2021