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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup
#BTCEUR
Total Profit: 117607 pip
Closed trade(s): 108457 pip Profit
Open trade(s): 9150 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 9766.733 based on 'Valley' entry method at 2020.10.12.

Closed Profit:
TP1 @ 9875.190 touched at 2020.10.13 with 108457 pip Profit.

Open Profit:
Profit for one trade is 9768.258(current price) - 9766.733(open price) = 1525 pip
6 trade(s) still open, therefore total profit for open trade(s) is 1525 x 6 = 9150 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.

DateOctober 19, 2020 - 12:27
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 8687.98, resumption of uptrend is expected.
  • We make sure when the resistance at 10534.48 breaks.
  • If the support at 8687.98 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 8827.95 on 10/01/2020, so more gains to resistance(s) 9875.19 and maximum to Major Resistance (10534.48) 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 61.

Take Profits:

  1. 9875.19
  2. 10534.48
  3. 11999.92
  4. 13000.00
  5. 14200.00
  6. 16780.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) new Tue, 1 Dec 2020
Bitcoin / Euro (BTCEUR) Wed, 25 Nov 2020
Bitcoin / Euro (BTCEUR) Tue, 17 Nov 2020
Bitcoin / Euro (BTCEUR) free Mon, 9 Nov 2020
Bitcoin / Euro (BTCEUR) free Sun, 1 Nov 2020