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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup
#BTCEUR
Total Profit: 10619784 pip
Closed trade(s): 876199 pip Profit
Open trade(s): 9743585 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.
TP2 @ 10534.475 touched at 2020.10.21 with 767742 pip Profit.
108457 + 767742 = 876199 pip

Open Profit:
Profit for one trade is 11715.450(current price) - 9766.733(open price) = 1948717 pip
5 trade(s) still open, therefore total profit for open trade(s) is 1948717 x 5 = 9743585 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 10534.48 is broken, we will close open trades.

DateNovember 1, 2020 - 20:25
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 10534.48 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 10534.48 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 8827.95 on 10/01/2020, so more gains to resistance(s) 11999.92, 13000.00, 14200.00 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 74.

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) Sun, 24 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 17 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 10 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 3 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 25 Feb 2024