ForecastCity
Long

BCHUSD , weekly update: Total profit 130070 in 6 days

BITFINEX:BCHUSD   Bitcoin Cash / U.S. Dollar
Total Profit: 130070 pip
Closed trade(s): 12071 pip Profit
Open trade(s): 117999 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 04.12.2018 with 12071 pip Profit.

Open Profit:
Profit for one trade is 759.00(current price) - 627.89(open price) = 13111 pip
9 trade(s) still open, therefore total profit for open trade(s) is 13111 x 9 = 117999 pip

Take Profits:
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 1538.95
TP7= @ 2026.20
TP8= @ 2811.15
TP9= @ 4088.05
TP10= Free

Midterm forecast:
While the price is above the support 279.80, resumption of uptrend is expected.
We make sure when the resistance at 1617.95 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 45.
Trade active: BCHUSD , TP3 HIT !! with 250999 pip profit !
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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