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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup
#BTCEUR
Total Profit: 22559216 pip (230%)
Closed trade(s): 10775920 pip Profit (110%)
Open trade(s): 11783296 pip Profit (120%)

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 (1%).
TP2 @ 10534.475 touched at 2020.10.21 with 767742 pip Profit (8%).
TP3 @ 11999.920 touched at 2020.11.04 with 2233187 pip Profit (23%).
TP4 @ 13000.000 touched at 2020.11.06 with 3233267 pip Profit (33%).
TP5 @ 14200.000 touched at 2020.11.16 with 4433267 pip Profit (45%).
108457 (1%) + 767742 (8%) + 2233187 (23%) + 3233267 (33%) + 4433267 (45%) = 10775920 pip (110%)

Open Profit:
Profit for one trade is 15658.381(current price) - 9766.733(open price) = 5891648 pip (60%)
2 trade(s) still open, therefore total profit for open trade(s) is 5891648 (60%) x 2 = 11783296 pip (120%)

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.

DateDecember 1, 2020 - 22:46
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 13584.66 on 11/26/2020, so more gains to resistance(s) 16780.00 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 66.

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