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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 808943 pip
Closed trade(s): 235833 pip Profit
Open trade(s): 573110 pip Profit
_______________________________________________
Trade Setup:
We opened 4 BUY trade(s) @ 5573.09 (day close price) based on 'Two-day reversal candle (Hammer)' at 2017.11.13.

Closed Profit:
TP1 @ 5985.55 touched at 2017.11.15 with 41246 pip Profit.
TP2 @ 6384.70 touched at 2017.11.16 with 81161 pip Profit.
TP3 @ 6707.35 touched at 2017.11.16 with 113426 pip Profit.
41246 + 81161 + 113426 = 235833 pip

Open Profit:
Profit for one trade is 11304.19(current price) - 5573.09(open price) = 573110 pip
1 trade(s) still open, therefore total profit for open trade(s) is 573110 x 1 = 573110 pip
_______________________________________________

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.
  • If the Midterm level 9600.00 is broken, we will close open trades.

DateJanuary 2, 2018 - 17:11
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 9600.00, resumption of uptrend is expected.
  • We make sure when the resistance at 11300.00 breaks.
  • If the support at 9600.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 9600.00 is broken.

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 46.

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 / Euro (BTCEUR) Sun, 24 Mar 2024
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