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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 697164 pip
Closed trade(s): 97494 pip Profit
Open trade(s): 599670 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 5650.58 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.06.14.

Closed Profit:
TP1 @ 5976.25 touched at 2018.07.17 with 32567 pip Profit.
TP2 @ 6299.85 touched at 2018.07.17 with 64927 pip Profit.
32567 + 64927 = 97494 pip

Open Profit:
Profit for one trade is 6316.88(current price) - 5650.58(open price) = 66630 pip
9 trade(s) still open, therefore total profit for open trade(s) is 66630 x 9 = 599670 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 5740.00 is broken, we will close open trades.
  • Price may also reach 5740.00, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateJuly 18, 2018 - 11:51
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 5740.00 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 5740.00 is broken.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #3 is not broken, bullish wave in price would continue.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 68.

Take Profits:

  1. 5976.25
  2. 6299.85
  3. 6718.95
  4. 7297.45
  5. 7930.55
  6. 9300.00
  7. 10740.00
  8. 12165.00
  9. 14200.00
  10. 16780.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) new Mon, 22 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 14 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 7 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 31 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 24 Mar 2024