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Weekly forecast Bitcoin / EUR 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
_______________________________________________

DateTue, 01/09/2018 - 10:41
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

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.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (11300.00 to 9600.00), if so, we would set 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

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 / EUR (BTCEUR) 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