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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR
Trade Setup

#BTCEUR
Total Profit: -1794221 point (-91%)
Closed trade(s): 0 point Profit
Open trade(s): -1794221 point Profit

Trade Setup:
We opened 13 BUY trades @ 21231.4 based on 'Valley' entry method at 2022-09-09.

Open Profit:
Profit for one BUY trade is 19851.23(current price) - 21231.4(open price) = -138017 point (-7%)
13 trade(s) still open, therefore total profit for open trade(s) is -138017 (-7%) x 13 = -1794221 point (-91%)

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.
DateSeptember 17, 2022 - 10:46
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 16780.00, beginning of uptrend is expected.
  • We make sure when the resistance at 24594.55 breaks.
  • If the support at 16780.00 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.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 22423.20 on 09/13/2022, so more losses to support(s) 18765.00 and minimum to Major Support (16780.00) 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 43.

Take Profits:

  1. 21980.00
  2. 24150.00
  3. 26211.00
  4. 30250.00
  5. 35463.57
  6. 40892.35
  7. 43937.95
  8. 49580.76
  9. 54542.72
  10. 59744.45
  11. 65000.00
  12. 70000.00
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
History
Daily-Trading-Opportunities on BTCEUR.