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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR
Trade Setup

#BTCEUR
Total Profit: 4150568 point (201%)
Closed trade(s): 837783 point Profit
Open trade(s): 3312785 point Profit

Trade Setup:
We opened 10 BUY trades @ 20661.24 based on 'Valley' entry method at 2023-03-12.

Closed Profit:
TP1 @ 22122.00 touched at 2023-03-13 with 146076 point Profit. (7%)
TP2 @ 23645.00 touched at 2023-03-14 with 298376 point Profit. (14%)
TP3 @ 24594.55 touched at 2023-03-17 with 393331 point Profit. (19%)
146076 (7%) + 298376 (14%) + 393331 (19%) = 837783 point (40%)

Open Profit:
Profit for one BUY trade is 25393.79(current price) - 20661.24(open price) = 473255 point (23%)
7 trade(s) still open, therefore total profit for open trade(s) is 473255 (23%) x 7 = 3312785 point (161%)

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.
DateMarch 19, 2023 - 10:09
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 15120.00, continuation of uptrend is expected.
  • We make sure when the resistance at 30250.00 breaks.
  • If the support at 15120.00 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 18603.55 on 03/11/2023, so more gains to resistance(s) 26211.00 and maximum to Major Resistance (30250.00) 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 71.

Take Profits:

  1. 22122.00
  2. 23645.00
  3. 24594.55
  4. 30250.00
  5. 38528.94
  6. 43937.95
  7. 49580.76
  8. 54542.72
  9. 59744.45
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.