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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

Download MT4 template file

Trade Setup

#BTCEUR
Total Profit: 581745 pip
Closed trade(s): 78585 pip Profit
Open trade(s): 503160 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 5514.00 based on 'Hammer in D2 time frame' entry method at 2018.04.07.

Closed Profit:
TP1 @ 6299.85 touched at 2018.04.12 with 78585 pip Profit.

Open Profit:
Profit for one trade is 6142.95(current price) - 5514.00(open price) = 62895 pip
8 trade(s) still open, therefore total profit for open trade(s) is 62895 x 8 = 503160 pip

DateThu, 04/12/2018 - 12:14
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish
Open5517.50
High6428.60 on Thu, 04/12/2018 - 11:30
Low5216.26 on Fri, 04/06/2018 - 23:00
Close6146.27

Midterm forecast:

  • While the price is above the support 4184.50, beginning of uptrend is expected.
  • We make sure when the resistance at 7297.45 breaks.
  • If the support at 4184.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 51.

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, the description can also be found below the image.

Take Profits: Click on the level to view price action history.

  1. 6299.85
  2. 7297.45
  3. 7930.55
  4. 9236.95
  5. 10740.80
  6. 12166.75
  7. 14229.35
  8. 16780.00

Latest forecasts
Symbol Released Current Forecast
Bitcoin / EUR (BTCEUR) new Sat, 21 Apr 2018
Bitcoin / EUR (BTCEUR) Tue, 17 Apr 2018
Bitcoin / EUR (BTCEUR) free Thu, 12 Apr 2018
Bitcoin / EUR (BTCEUR) Mon, 2 Apr 2018
Bitcoin / EUR (BTCEUR) Sun, 4 Mar 2018