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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

Download MT4 template file

Trade Setup
#BTCEUR
Total Profit: 4692200 pip
Closed trade(s): 474746 pip Profit
Open trade(s): 4217454 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 9235.782 based on 'Valley' entry method at 2020.07.27.

Closed Profit:
TP1 @ 9298.215 touched at 2020.07.28 with 62433 pip Profit.
TP2 @ 9648.095 touched at 2020.07.28 with 412313 pip Profit.
62433 + 412313 = 474746 pip

Open Profit:
Profit for one trade is 9938.691(current price) - 9235.782(open price) = 702909 pip
6 trade(s) still open, therefore total profit for open trade(s) is 702909 x 6 = 4217454 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 9298.22 is broken, we will close open trades.
DateAugust 24, 2020 - 18:38
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 9298.22 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 9298.22 is broken.

Technical analysis:

  • While the RSI support #1 at 41 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 9460.25 on 08/11/2020, so more gains to resistance(s) 10939.48, 11999.92, 13000.00 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 59.

Take Profits:

  1. 9298.22
  2. 9648.10
  3. 10939.48
  4. 11999.92
  5. 13000.00
  6. 14200.00
  7. 16780.00
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) new 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.