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Weekly forecast BitTorrent technical chart

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Trade Setup

Total Profit: 200 pip (72%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 200 pip Profit (72%)

Trade Setup:
We opened 8 BUY trade(s) @ 0.00258 based on 'Valley' entry method at 2021.07.26.

Open Profit:
Profit for one trade is 0.00283(current price) - 0.00258(open price) = 25 pip (9%)
8 trade(s) still open, therefore total profit for open trade(s) is 25 (9%) x 8 = 200 pip (72%)

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.

DateJuly 31, 2021 - 19:01
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.00095, beginning of uptrend is expected.
  • We make sure when the resistance at 0.00455 breaks.
  • If the support at 0.00095 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 46 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.00 on 07/20/2021, so more gains to resistance(s) 0.00, 0.01 and maximum to Major Resistance (0.00) 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 61.

Take Profits:

  1. 0.00
  2. 0.01
Click on the level to view price action history.

Symbol Released Current Forecast
BitTorrent (BTTUSD) Mon, 13 Sep 2021
BitTorrent (BTTUSD) Sun, 5 Sep 2021
BitTorrent (BTTUSD) Sun, 29 Aug 2021
BitTorrent (BTTUSD) Sun, 22 Aug 2021
BitTorrent (BTTUSD) Sun, 15 Aug 2021