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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 1314453 pip
Closed trade(s): 498585 pip Profit
Open trade(s): 815868 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.
TP2 @ 7297.45 touched at 2018.04.24 with 178345 pip Profit.
TP3 @ 7930.55 touched at 2018.05.03 with 241655 pip Profit.
78585 + 178345 + 241655 = 498585 pip

Open Profit:
Profit for one trade is 6873.78(current price) - 5514.00(open price) = 135978 pip
6 trade(s) still open, therefore total profit for open trade(s) is 135978 x 6 = 815868 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 6286.50 is broken, we will close these trades.

DateWed, 05/16/2018 - 13:34
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 6286.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 6286.50 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Take Profits:

  1. 6299.85
  2. 7297.45
  3. 7930.55
  4. 9236.95
  5. 10740.80
  6. 12166.75
  7. 14229.35
  8. 16780.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / EUR (BTCEUR) free Tue, 24 Jul 2018
Bitcoin / EUR (BTCEUR) Wed, 18 Jul 2018
Bitcoin / EUR (BTCEUR) Thu, 21 Jun 2018
Bitcoin / EUR (BTCEUR) free Mon, 11 Jun 2018
Bitcoin / EUR (BTCEUR) free Tue, 29 May 2018