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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR
Trade Setup

#BTCEUR
Total Profit: -502844 point (-20%)
Closed trade(s): 74860 point Profit
Open trade(s): -577704 point Profit

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

Closed Profit:
TP1 @ 21980.00 touched at 2022-09-12 with 74860 point Profit. (4%)

Open Profit:
Profit for one BUY trade is 20749.98(current price) - 21231.4(open price) = -48142 point (-2%)
12 trade(s) still open, therefore total profit for open trade(s) is -48142 (-2%) x 12 = -577704 point (-24%)

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.

DateOctober 30, 2022 - 19:19
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:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 19201.00 on 10/21/2022, so more gains to resistance(s) 21980.00 and maximum to Major Resistance (24594.55) 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 62.

Take Profits:

  1. 21980.00
  2. 24594.55
  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, 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