A trading opportunity to buy is near in BCHETHTechnical analysis:
. BITCOINCASH/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (1.71 to 1.62). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.71)
Ending of entry zone (1.62)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.90
TP2= @ 2.00
TP3= @ 2.23
TP4= @ 2.73
TP5= @ 3.23
TP6= @ 3.72
TP7= @ 5.30
TP8= Free
BCH
BCHBTC analysis. RSI level to get testedRSI level of BCH BTC is getting tested. I think it will break support and fall over triggering huge dump on prices of BCH.
Continue on a second chance to buy in BitcoincashMidterm forecast:
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
Technical analysis:
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index ( RSI ) is 40.
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trading suggestion:
*We have already opened Buy trades, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.
*If the Midterm level 0.1210 is broken, we will close these trades.
*Price may also reach 0.1210, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This is depends on personal strategies.
Total Profit: 40480 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 11154 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.12897(current price) - 0.09179(open price) = 3718 pip
3 trade(s) still open, therefore total profit for open trade(s) is 3718 x 3 = 11154 pip
There is a second chance to buy in Bitcoincash...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.1210) .
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
. The RSI bounced from the support #1 and it prevented the price from more losses.
. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
Total Profit: 45790 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 16464 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 04.16.2018
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.14667(current price) - 0.09179(open price) = 5488 pip
3 trade(s) still open, therefore total profit for open trade(s) is 5488 x 3 = 16464 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
A Second Chance to Buy in BCHUSD ...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 832.10 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 35 and it prevented the price from more losses.
Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains.
Relative strength index (RSI) is 39.
Take Profits:
TP1= @ 748.60
TP2= @ 832.10
TP3= @ 945.70
TP4= @ 1120.15
TP5= @ 1292.20
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
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.
Total Profit: 331814 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 151884 pip Profit
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 1007.60(current price) - 627.89(open price) = 37971 pip
4 trade(s) still open, therefore total profit for open trade(s) is 37971 x 4 = 151884 pip
A Second Chance to Buy in BCHUSD ...New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 1292.20 is not broken, the Midterm wave will be uptrend.
Price may also reach 1292.20, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 1292.20 is broken.
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 66.
Total Profit: 571894 pip
Closed trade(s): 179930 pip Profit
Open trade(s): 391964 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 1607.80(current price) - 627.89(open price) = 97991 pip
4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip
Take Profits:
TP6= @ 2026.20
TP7= @ 2811.15
TP8= @ 4088.05
TP9= Free
If you missed our first HUNT, you may want to check this!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support lines (0.1610) & (0.1480), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Midterm forecast:
While the level 0.1480 is not broken, the Midterm wave will be uptrend.
Price may also reach 0.1480, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 0.1480 is broken.
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 70.
Total Profit: 52816 pip
Closed trade(s): 29326 pip Profit
Open trade(s): 23490 pip Profit
Trade Setup:
We opened 9 BUY trade(s) @ 0.09179 based on 'Valley' entry method at 2018.04.16.
Closed Profit:
TP1 @ 0.10400 touched at 2018.04.18 with 1221 pip Profit.
TP2 @ 0.12100 touched at 2018.04.20 with 2921 pip Profit.
TP3 @ 0.13300 touched at 2018.04.22 with 4121 pip Profit.
TP4 @ 0.14800 touched at 2018.04.23 with 5621 pip Profit.
TP5 @ 0.16100 touched at 2018.04.24 with 6921 pip Profit.
TP6 @ 0.17700 touched at 2018.05.06 with 8521 pip Profit.
1221 + 2921 + 4121 + 5621 + 6921 + 8521 = 29326 pip
Open Profit:
Profit for one trade is 0.17009(current price) - 0.09179(open price) = 7830 pip
3 trade(s) still open, therefore total profit for open trade(s) is 7830 x 3 = 23490 pip
Take Profits:
TP7= @ 0.2010
TP8= @ 0.2440
TP9= Free
