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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 572841 pip
Closed trade(s): 498585 pip Profit
Open trade(s): 74256 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 5637.76(current price) - 5514.00(open price) = 12376 pip
6 trade(s) still open, therefore total profit for open trade(s) is 12376 x 6 = 74256 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.

DateMon, 06/11/2018 - 12:53
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 an uptrend wave above 4184.50 would begin in Midterm.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 30.

Take Profits:

  1. 6299.85
  2. 7297.45
  3. 7930.55
  4. 9300.00
  5. 10740.00
  6. 12165.00
  7. 14200.00
  8. 16780.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / EUR (BTCEUR) Tue, 4 Sep 2018
Bitcoin / EUR (BTCEUR) free Tue, 21 Aug 2018
Bitcoin / EUR (BTCEUR) free Tue, 24 Jul 2018
Bitcoin / EUR (BTCEUR) Wed, 18 Jul 2018
Bitcoin / EUR (BTCEUR) Thu, 21 Jun 2018