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Weekly forecast BIT technical chart
Symbol BITUSD
Trade Setup

#BITUSD
Total Profit: 16759 pip (484%)
Closed trade(s): 7775 pip Profit (224%)
Open trade(s): 8984 pip Profit (260%)

Trade Setup:
We opened 11 BUY trade(s) @ 0.03465 based on 'Valley' entry method at 2021.06.28.

Closed Profit:
TP1 @ 0.03800 touched at 2021.07.26 with 335 pip Profit (10%).
TP2 @ 0.04000 touched at 2021.07.26 with 535 pip Profit (15%).
TP3 @ 0.04200 touched at 2021.07.31 with 735 pip Profit (21%).
TP4 @ 0.04500 touched at 2021.08.08 with 1035 pip Profit (30%).
TP5 @ 0.04700 touched at 2021.08.13 with 1235 pip Profit (36%).
TP6 @ 0.05280 touched at 2021.09.07 with 1815 pip Profit (52%).
TP7 @ 0.05550 touched at 2021.10.07 with 2085 pip Profit (60%).
335 (10%) + 535 (15%) + 735 (21%) + 1035 (30%) + 1235 (36%) + 1815 (52%) + 2085 (60%) = 7775 pip (224%)

Open Profit:
Profit for one trade is 0.05711(current price) - 0.03465(open price) = 2246 pip (65%)
4 trade(s) still open, therefore total profit for open trade(s) is 2246 (65%) x 4 = 8984 pip (260%)

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 0.05040 is broken, we will close open trades.

DateOctober 14, 2021 - 17:47
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 0.05040 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 0.05040 is broken.

Technical analysis:

  • A trough is formed in daily chart at 0.03965 on 09/22/2021, so more gains to resistance(s) 0.05850, 0.06150, 0.06500 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 69.

Take Profits:

  1. 0.03800
  2. 0.04000
  3. 0.04200
  4. 0.04500
  5. 0.04700
  6. 0.05280
  7. 0.05550
  8. 0.05850
  9. 0.06150
  10. 0.06500
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