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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (35000.00 to 32740.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 9298.215, the probability of resumption of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 9298.215 and expect to reach short-term targets.

  • Beginning of entry zone (35000.00)
  • Ending of entry zone (32740.00)
    • Resistance on 01/07/2021
    • Resistance on 01/10/2021
    • Resistance on 01/14/2021
    • Resistance on 01/15/2021
    • Resistance on 02/06/2021
    • Resistance on 02/07/2021

DateMarch 26, 2021 - 10:55
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 32740.00, resumption of uptrend is expected.
  • We make sure when the resistance at 50000.00 breaks.
  • If the support at 32740.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 48200.99 on 2021-02-21 and the peak at 50986 on 2021-03-13, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 50986.00 on 03/13/2021, so more losses to support(s) 45000.00, 39985.51, 35000.00 and minimum to Major Support (32740.00) 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 51.

Take Profits:

  1. 39985.51
  2. 45000.00
  3. 50000.00
  4. 55000.00
  5. 60000.00
  6. 65000.00
  7. 70000.00
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