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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 894491 pip
Closed trade(s): 235833 pip Profit
Open trade(s): 658658 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 12159.67(current price) - 5573.09(open price) = 658658 pip
1 trade(s) still open, therefore total profit for open trade(s) is 658658 x 1 = 658658 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (11300.00 to 9600.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (11300.00)
    • Support on 12/28/2017
    • Support on 12/25/2017
    • Support on 12/24/2017
    • Support on 12/23/2017
    • Support on 12/22/2017
    • Support on 12/10/2017
    • Support on 12/09/2017
    • Support on 12/07/2017
  • Ending of entry zone (9600.00)
    • Support on 12/22/2017
    • Resistance on 12/03/2017
    • Resistance on 11/29/2017

DateJanuary 9, 2018 - 10:41
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption 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 49.

Take Profits:

  1. 12745.95
  2. 13245.20
  3. 13788.50
  4. 15020.00
  5. 16780.00
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