empty
 
 
17.02.2021 10:48 AM
BCHUSD forecast for February 17, 2021 - BUY SELL. Monthly gains +4.95%

This image is no longer relevant

1. Analysis of BCHUSDT volume on Binance exchange.

2. Long-term trend analysis.

3. Medium-term trend analysis.

4. Short-term trend analysis.

5. Japanese candlestick analysis.

6. Conclusions.

7. Statistics.

1. Analysis of BCHUSDT volume on the Binance exchange.

In this analysis, we will use the data on horizontal trading volume from the Binance exchange on daily charts. The analysis is based on the footprint-profile theory. According to it, the movement of the level with the highest traded volume during the day can indicate a possible direction of the trend. The level with the highest traded volume is the level where the maximum number of transactions has been made. This is the level of a major market player. Accordingly, if the maximum volume level moves higher, this indicates an uptrend. A downward movement of this level indicates a downtrend. A chaotic movement signals that the market is trading in a sideways trend.

15.02.21 - The level of the maximum traded volume (POC - Point Of Control) - 49515

16.02.21 - The level of the maximum traded volume (POC - Point Of Control) - 49800

The POC has moved up, and the price is above the POC level. The market seems to start moving upwards, so you can open long positions.

2. Long-term trend analysis.

A trend is the trader's friend. Many market participants know this saying but do not know how to use it. The answer is simple: trade only in the direction of the trend. In this case, your trades will have more profit potential with less risk. The classic Dow Theory describes three main trends:

long-term;

medium-term;

short-term.

You need to analyze these trends before opening any trade. This is what we are going to do in the analysis below.

The long-term trend in this analysis is a daily trend. Trades will be opened on the daily chart and held for several days. The analysis of the daily trend is carried out with the help of the EMA(48) - an exponential moving average with a period of 48. If the daily candlestick closes above the EMA(48), this will mean that the quotes are moving in an uptrend and we should open long positions. If the daily candlestick closes below the EMA(48), this will mean that the quotes are trading downwards and we should go short.

This image is no longer relevant

On the chart, we can see a clear upward trend. The price is above the EMA(48). In this situation, we recommend opening buy orders.

3. Medium-term trend analysis.

In this analysis, the medium-term trend is a trend on the four-hour chart (H4). The EMA(48), an exponential moving average with a period of 48, will also be used in analysis. If the candlestick closes above the EMA(48) on H4, this means that the quotes are moving in an uptrend and we should buy. If the candlestick closes below the EMA(48) on H4, this means that we have a downtrend and we should sell.

This image is no longer relevant

The price is above the EMA(48). This means that the medium-term trend is upward and it coincides with the long-term trend. Therefore, we should open long positions.

4. Short-term trend analysis.

The short-term trend in this analysis is a trend on the H1 chart. It can show a point where we can enter the market. Here, we will again use the EMA(48) - an exponential moving average with a period of 48. If the candlestick closes above the EMA(48) on H1, this means that the quotes are trading upwards and we should buy. If the candlestick closes below the EMA(48) on H1, this indicates that the trend is downward and we should go short.

This image is no longer relevant

The price is above the EMA(48). The short-term trend is upward. The long-term, medium-term, and short-term trends coincide. Therefore, traders can open long positions.

5. Japanese candlestick analysis.

The classic Japanese candlestick analysis is applied to the daily trading chart. In this analysis, we will also analyze the daily candlestick.

This image is no longer relevant

The daily candlestick closed upwards, the candlestick is white. Its high is above the high of the previous candlestick. The candlestick pattern is a hummer. Its upper shadow is long. A sideways movement is highly likely.

6. Conclusions.

Volume analysis: the POC moved up, then the price went up - BUY.

Long-term trend: up - BUY.

Medium-term trend: up - BUY.

Short-term trend: up - BUY.

Japanese candlestick analysis - BUY SELL.

Conclusion: On February 17, you can open both long and short positions.

7. Statistics.

To analyze the effectiveness of this approach, we will keep the data on completed transactions. Trading account monitoring:

This image is no longer relevant

In February 2021, gains amounted to 4.95%.

We do not open a new position, as the situation in the market is uncertain.

Stop-loss orders for new trades can be placed beyond the daily extreme point. We do not set take-profit orders, as we will continue to move SL beyond the extreme points of the future sessions.

Since trading is carried out on the daily charts, this recommendation remains relevant throughout the day.

Trade along the trend and you will be able to make a profit!

Maxim Petrov,
Chuyên gia phân tích của InstaForex
© 2007-2024
Kiếm lợi nhuận từ những biến đổi giá của tiền điện tử với InstaForex.
Tải MetaTrader 4 và mở giao dịch đầu tiên của bạn.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $8000 nhiều hơn!
    Trong Tháng 3 chúng tôi xổ $8000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Các bài báo được đề xuất

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.
Widget callback