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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 5752123 pip (199%)
Closed trade(s): 680115 pip Profit (23%)
Open trade(s): 5072008 pip Profit (176%)

Trade Setup:
We opened 10 BUY trade(s) @ 29100.00 based on 'Valley' entry method at 2021.06.27.

Closed Profit:
TP1 @ 31697.15 touched at 2021.07.26 with 259715 pip Profit (9%).
TP2 @ 33304.00 touched at 2021.07.26 with 420400 pip Profit (14%).
259715 (9%) + 420400 (14%) = 680115 pip (23%)

Open Profit:
Profit for one trade is 35440.01(current price) - 29100.00(open price) = 634001 pip (22%)
8 trade(s) still open, therefore total profit for open trade(s) is 634001 (22%) x 8 = 5072008 pip (176%)

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.

DateJuly 31, 2021 - 09:49
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 23569.00, beginning of uptrend is expected.
  • We make sure when the resistance at 39000.00 breaks.
  • If the support at 23569.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 25165.00 on 07/20/2021, so more gains to resistance(s) 36095.25 and maximum to Major Resistance (39000.00) 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 73.

Take Profits:

  1. 31697.15
  2. 33304.00
  3. 36095.25
  4. 39000.00
  5. 42624.00
  6. 45865.00
  7. 48265.70
  8. 50900.00
  9. 54297.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) Sat, 4 Sep 2021
Bitcoin / Euro (BTCEUR) Sat, 28 Aug 2021
Bitcoin / Euro (BTCEUR) Sat, 21 Aug 2021
Bitcoin / Euro (BTCEUR) Sat, 14 Aug 2021
Bitcoin / Euro (BTCEUR) free Sat, 7 Aug 2021