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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

Download MT4 template file

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

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.

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:

  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) 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
Bitcoin / EUR (BTCEUR) Tue, 24 Apr 2018