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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup
#BTCEUR
Total Profit: 38502400 pip
Closed trade(s): 38502400 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 3473.220 based on 'Valley' entry method at 2019.03.05.

Closed Profit:
TP1 @ 3660.650 touched at 2019.03.29 with 187430 pip Profit.
TP2 @ 3847.200 touched at 2019.04.02 with 373980 pip Profit.
TP3 @ 4122.650 touched at 2019.04.02 with 649430 pip Profit.
TP4 @ 4958.000 touched at 2019.04.23 with 1484780 pip Profit.
TP5 @ 5305.050 touched at 2019.05.03 with 1831830 pip Profit.
TP6 @ 5821.600 touched at 2019.05.13 with 2348380 pip Profit.
TP7 @ 6299.850 touched at 2019.05.13 with 2826630 pip Profit.
TP8 @ 7193.000 touched at 2019.05.14 with 3719780 pip Profit.
TP9 @ 8166.600 touched at 2019.06.17 with 4693380 pip Profit.
TP10 @ 9300.000 touched at 2019.06.24 with 5826780 pip Profit.
TP11 @ 11451.000 touched at 2019.06.26 with 7977780 pip Profit.
187430 + 373980 + 649430 + 1484780 + 1831830 + 2348380 + 2826630 + 3719780 + 4693380 + 5826780 + 7977780 = 31920180 pip

Closed Profit:
Profit for one trade is 6764.330(current price) - 3473.220(open price) = 3291110 pip
2 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 3291110 x 2 = 6582220 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (3329.05 to 3102.55). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (3329.05)
    • Support on 08/15/2017
    • Support on 08/16/2017
    • Support on 08/22/2017
    • Resistance on 09/14/2017
    • Support on 11/26/2018
    • Support on 12/03/2018
    • Support on 12/04/2018
    • Support on 12/05/2018
    • Resistance on 12/19/2018
    • Support on 12/20/2018
    • Support on 12/26/2018
    • Support on 12/31/2018
    • Support on 01/02/2019
    • Resistance on 01/14/2019
    • Resistance on 02/08/2019
    • Resistance on 02/11/2019
    • Support on 02/25/2019
    • Support on 02/27/2019
    • Support on 03/04/2019
    • Support on 03/05/2019
  • Ending of entry zone (3102.55)
    • Resistance on 09/22/2017
    • Support on 01/14/2019
    • Support on 01/21/2019
    • Support on 01/22/2019
    • Support on 01/23/2019
    • Support on 01/24/2019
    • Resistance on 02/05/2019
    • Resistance on 02/06/2019
DateMarch 11, 2020 - 21:08
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 7193.00 would begin in Midterm.

Technical analysis:

  • A peak is formed in daily chart at 9660.15 on 02/13/2020, so more losses to support(s) 6299.85, 5821.60, 5305.05 and minimum to Trend Hunter Buy Zone (3329.05 to 3102.55) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 34.

Take Profits:

  1. 3660.65
  2. 3847.20
  3. 4122.65
  4. 4958.00
  5. 5305.05
  6. 5821.60
  7. 6299.85
  8. 7193.00
  9. 8166.60
  10. 9300.00
  11. 11451.00
  12. 14200.00
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) Sun, 14 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 7 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 31 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 24 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BTCEUR.