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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 33304.44). 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 (33304.44)
    • Resistance on 01/08/2021
    • Resistance on 01/09/2021
    • Resistance on 01/10/2021
    • Resistance on 01/14/2021
    • Resistance on 02/06/2021

DateApril 18, 2021 - 00:28
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 33304.44, resumption of uptrend is expected.
  • We make sure when the resistance at 54262.98 breaks.
  • If the support at 33304.44 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 54297.00 on 04/14/2021, so more losses to support(s) 46831.19, 42624.70, 40000.00 and minimum to Major Support (33304.44) 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 54.

Take Profits:

  1. 37568.91
  2. 40000.00
  3. 42624.70
  4. 46831.19
  5. 50900.00
  6. 59252.28
  7. 69400.16
  8. 80000.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) 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