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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup
#BTCEUR
Total Profit: 1478451 pip
Closed trade(s): 269562 pip Profit
Open trade(s): 1208889 pip Profit

Trade Setup:
We opened 13 BUY trade(s) @ 3473.22 based on 'Valley' entry method at 2019.03.05.

Closed Profit:
TP1 @ 3660.65 touched at 2019.03.29 with 18743 pip Profit.
TP2 @ 3847.20 touched at 2019.04.02 with 37398 pip Profit.
TP3 @ 4122.65 touched at 2019.04.02 with 64943 pip Profit.
TP4 @ 4958.00 touched at 2019.04.23 with 148478 pip Profit.
18743 + 37398 + 64943 + 148478 = 269562 pip

Open Profit:
Profit for one trade is 4816.43(current price) - 3473.22(open price) = 134321 pip
9 trade(s) still open, therefore total profit for open trade(s) is 134321 x 9 = 1208889 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 3847.20 is broken, we will close open trades.

DateApril 29, 2019 - 16:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 3847.20, beginning of uptrend is expected.
  • We make sure when the resistance at 4958.00 breaks.
  • If the support at 3847.20 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 3847.20 is broken.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 4361.80 on 04/12/2019, so more gains maximum to Major Resistance (4958.00) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 64.

Take Profits:

  1. 3660.65
  2. 3847.20
  3. 4122.65
  4. 4958.00
  5. 5305.05
  6. 5821.60
  7. 6299.85
  8. 7193.00
  9. 8166.60
  10. 9300.00
  11. 11451.00
  12. 14200.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) Sun, 14 Apr 2024
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