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Weekly forecast Bitcoin Cash / Bitcoin technical chart
Symbol BCHBTC

Download MT4 template file

Trade Setup
#BCHBTC
Total Profit: 1187 pip
Closed trade(s): 179 pip Profit
Open trade(s): 1008 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 0.0278 (day close price) based on 'Valley' at 2019.12.27.

Closed Profit:
TP1 @ 0.0332 touched at 2020.01.11 with 54 pip Profit.
TP2 @ 0.0403 touched at 2020.01.14 with 125 pip Profit.
54 + 125 = 179 pip

Open Profit:
Profit for one trade is 0.0404(current price) - 0.0278(open price) = 126 pip
8 trade(s) still open, therefore total profit for open trade(s) is 126 x 8 = 1008 pip

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 0.033200 is broken, we will close open trades.
DateJanuary 26, 2020 - 17:16
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.033200, beginning of uptrend is expected.
  • We make sure when the resistance at 0.065150 breaks.
  • If the support at 0.033200 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.033200 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 0.0449 on 01/18/2020, so more losses to support(s) 0.0403 and minimum to Major Support (0.0332) 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 65.

Take Profits:

  1. 0.0332
  2. 0.0403
  3. 0.0480
  4. 0.0549
  5. 0.0652
  6. 0.0868
  7. 0.1055
  8. 0.1245
  9. 0.1857
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin Cash / Bitcoin (BCHBTC) Tue, 2 Apr 2024
Bitcoin Cash / Bitcoin (BCHBTC) Tue, 12 Mar 2024
Bitcoin Cash / Bitcoin (BCHBTC) Mon, 19 Feb 2024
Bitcoin Cash / Bitcoin (BCHBTC) Tue, 30 Jan 2024
Bitcoin Cash / Bitcoin (BCHBTC) Wed, 10 Jan 2024
History
Daily-Trading-Opportunities on BCHBTC.