ForecastCity
Long

BCHUSD , TP3 HIT !! with 250999 pip profit !

BITFINEX:BCHUSD   None
BITCOINCASH/DOLLAR
Total Profit: 250999 pip
Closed trade(s): 64273 pip Profit
Open trade(s): 186726 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle ( Hammer in D2 time frame)' entry method at 04.07.2018.

Closed Profit:
TP1 @ 748.60 touched at 04.13.2018 with 12071 pip Profit.
TP2 @ 832.10 touched at 04.18.2018 with 20421 pip Profit.
TP3 @ 945.70 touched at 04.19.2018 with 31781 pip Profit.
12071 + 20421 + 31781 = 64273

Open Profit:
Profit for one trade is 939.10(current price) - 627.89(open price) = 31121 pip
6 trade(s) still open, therefore total profit for open trade(s) is 31121 x 6 = 186726 pip

Take Profits:
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free

Midterm forecast:
While the price is above the support 279.80, resumption of uptrend is expected.
We make sure when the resistance at 1120.15 breaks.
If the support at 279.80 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 65.
Trade active: BCHUSD , TP5 HIT !! with 539266 pip profit !

BITCOINCASH/DOLLAR
Total Profit: 539266 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 359336 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07.

Closed Profit:
TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit.
TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit.
TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit.
TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit.
TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit.
12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip

Open Profit:
Profit for one trade is 1526.23(current price) - 627.89(open price) = 89834 pip
4 trade(s) still open, therefore total profit for open trade(s) is 89834 x 4 = 359336 pip

Take Profits:
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free

Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 85.
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Yes, but I always look at the BIG picture. Most traders miss the elephant in the middle of the room: https://www.yours.org/content/bitcoin--btc--vs-bitcoin-cash--bch----why-the-traders--and-everyone-e-1079d2553f4a#comment-66ecfd5be411
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