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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

Download MT4 template file

DateSun, 11/12/2017 - 16:12
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5071.40 to 4587.05), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (5071.40)
    • Resistance on 10/28/2017
    • Resistance on 10/27/2017
    • Resistance on 10/26/2017
    • Resistance on 10/20/2017
  • Ending of entry zone (4587.05)
    • Support on 10/25/2017
    • Support on 10/18/2017
    • Support on 10/15/2017

Take Profits:

  1. 5985.55
  2. 6384.70
  3. 6707.35
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / EUR (BTCEUR) new Thu, 21 Jun 2018
Bitcoin / EUR (BTCEUR) free Mon, 11 Jun 2018
Bitcoin / EUR (BTCEUR) free Tue, 29 May 2018
Bitcoin / EUR (BTCEUR) Wed, 16 May 2018
Bitcoin / EUR (BTCEUR) Fri, 4 May 2018