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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR
Trade Setup

#BTCEUR
Total Profit: 3973615 point (194%)
Closed trade(s): 837783 point Profit
Open trade(s): 3135832 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 25141(current price) - 20661.24(open price) = 447976 point (22%)
7 trade(s) still open, therefore total profit for open trade(s) is 447976 (22%) x 7 = 3135832 point (154%)

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 11, 2023 - 18:20
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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 27265.90 on 04/26/2023, so more losses to support(s) 24594.55, 23645.00, 22122.00 and minimum to Major Support (15120.00) 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 42.

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.