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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trade Setup
#BTCUSD
Total Profit: 5101380 pip
Closed trade(s): 3486598 pip Profit
Open trade(s): 1614782 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 3689.13 based on 'Valley' entry method at 2019.02.08.

Closed Profit:
TP1 @ 4189.00 touched at 2019.02.23 with 49987 pip Profit.
TP2 @ 4409.80 touched at 2019.04.02 with 72067 pip Profit.
TP3 @ 5245.00 touched at 2019.04.03 with 155587 pip Profit.
TP4 @ 5700.00 touched at 2019.05.02 with 201087 pip Profit.
TP5 @ 6094.35 touched at 2019.05.03 with 240522 pip Profit.
TP6 @ 8200.00 touched at 2019.05.16 with 451087 pip Profit.
TP7 @ 9455.00 touched at 2019.06.18 with 576587 pip Profit.
TP8 @ 11400.00 touched at 2019.06.25 with 771087 pip Profit.
TP9 @ 13375.00 touched at 2019.06.26 with 968587 pip Profit.
49987 + 72067 + 155587 + 201087 + 240522 + 451087 + 576587 + 771087 + 968587 = 3486598 pip

Open Profit:
Profit for one trade is 11763.04(current price) - 3689.13(open price) = 807391 pip
2 trade(s) still open, therefore total profit for open trade(s) is 807391 x 2 = 1614782 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 9079.75 is broken, we will close open trades.

DateWed, 08/07/2019 - 17:48
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 9079.75 would begin in Midterm.
  • We will close our open trades, if the Midterm level 9079.75 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • The RSI bounced from the support #1 at 42 and it prevented price from more losses.
  • A trough is formed in daily chart at 9100.10 on 07/29/2019, so more gains to resistance(s) 13375.00, 17095.65, 19704.20 and more heights 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. 4189.00
  2. 4409.80
  3. 5245.00
  4. 5700.00
  5. 6094.35
  6. 8200.00
  7. 9455.00
  8. 11400.00
  9. 13375.00
  10. 19704.20
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) free Wed, 7 Aug 2019
Bitcoin (BTCUSD) free Sun, 28 Jul 2019
Bitcoin (BTCUSD) Sat, 20 Jul 2019
Bitcoin (BTCUSD) free Sat, 13 Jul 2019
Bitcoin (BTCUSD) Sat, 6 Jul 2019