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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR
Trade Setup

#BTCEUR
Total Profit: -8774860 point (-230%)
Closed trade(s): 0 point Profit
Open trade(s): -8774860 point Profit

Trade Setup:
We opened 10 BUY trades @ 37757.49 based on 'Valley' entry method at 2022-04-25.

Open Profit:
Profit for one BUY trade is 28982.63(current price) - 37757.49(open price) = -877486 point (-23%)
10 trade(s) still open, therefore total profit for open trade(s) is -877486 (-23%) x 10 = -8774860 point (-230%)

#BTCEUR
Total Profit: 12014810 point (413%)
Closed trade(s): 12014810 point Profit

Trade Setup:
We opened 10 BUY trades @ 29100 based on 'Valley' entry method at 2021-06-27.

Closed Profit:
TP1 @ 31697.15 touched at 2021-07-26 with 259715 point Profit. (9%)
TP2 @ 33304.00 touched at 2021-07-26 with 420400 point Profit. (14%)
TP3 @ 36095.25 touched at 2021-08-01 with 699525 point Profit. (24%)
TP4 @ 39000.00 touched at 2021-08-08 with 990000 point Profit. (34%)
TP5 @ 42624.00 touched at 2021-08-21 with 1352400 point Profit. (46%)
TP6 @ 45865.00 touched at 2021-10-06 with 1676500 point Profit. (58%)
TP7 @ 48265.70 touched at 2021-10-10 with 1916570 point Profit. (66%)
TP8 @ 50900.00 touched at 2021-10-15 with 2180000 point Profit. (75%)
TP9 @ 54297.00 touched at 2021-10-19 with 2519700 point Profit. (87%)
1 other break-even trades closed at entry price, therefore no profit no loss.
259715 (9%) + 420400 (14%) + 699525 (24%) + 990000 (34%) + 1352400 (46%) + 1676500 (58%) + 1916570 (66%) + 2180000 (75%) + 2519700 (87%) = 12014810 point (413%)

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.

DateMay 17, 2022 - 11:09
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 22819.80, beginning of uptrend is expected.
  • We make sure when the resistance at 43937.95 breaks.
  • If the support at 22819.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 22819.80 on 05/12/2022, so more gains to resistance(s) 29150.10, 32213.89, 34708.28 and maximum to Major Resistance (43937.95) 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 36.

Take Profits:

  1. 39480.00
  2. 40892.35
  3. 43937.95
  4. 46010.55
  5. 49580.76
  6. 54542.72
  7. 59744.45
  8. 65000.00
  9. 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