If you missed our first HUNT, you may want to check this!

If you missed our first HUNT, you may want to check this!

Bitcoin Cash / Bitcoin BITFINEX:BCHBTC


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