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Weekly forecast Bitcoin / EUR technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 937850 pip
Closed trade(s): 185090 pip Profit
Open trade(s): 752760 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 5388.40 based on 'Hammer' entry method at 2018.08.14.

Closed Profit:
TP1 @ 5740.00 touched at 2018.08.15 with 35160 pip Profit.
TP2 @ 5976.25 touched at 2018.08.28 with 58785 pip Profit.
TP3 @ 6299.85 touched at 2018.09.04 with 91145 pip Profit.
35160 + 58785 + 91145 = 185090 pip

Open Profit:
Profit for one trade is 6329.35(current price) - 5388.40(open price) = 94095 pip
8 trade(s) still open, therefore total profit for open trade(s) is 94095 x 8 = 752760 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.

DateTue, 09/04/2018 - 17:34
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 4184.50, resumption of uptrend is expected.
  • We make sure when the resistance at 7193.00 breaks.
  • If the support at 4184.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 50 is broken, so the probability of resumption of uptrend is increased.
  • While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

  1. 5740.00
  2. 5976.25
  3. 6299.85
  4. 7193.00
  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) new Tue, 21 May 2019
Bitcoin / EUR (BTCEUR) Mon, 13 May 2019
Bitcoin / EUR (BTCEUR) Mon, 6 May 2019
Bitcoin / EUR (BTCEUR) Mon, 29 Apr 2019
Bitcoin / EUR (BTCEUR) Mon, 22 Apr 2019