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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 1247275 pip
Closed trade(s): 204331 pip Profit
Open trade(s): 1042944 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.
TP3 @ 6718.95 touched at 2018.07.24 with 106837 pip Profit.
32567 + 64927 + 106837 = 204331 pip

Open Profit:
Profit for one trade is 6954.26(current price) - 5650.58(open price) = 130368 pip
8 trade(s) still open, therefore total profit for open trade(s) is 130368 x 8 = 1042944 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 6299.85 is broken, we will close these trades.
  • Price may also reach 6299.85, 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.

DateTue, 07/24/2018 - 17:21
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 6299.85 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 6299.85 is broken.

Technical analysis:

  • While the RSI uptrend #1 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 75.

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 / 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