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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: 4677268 point
Closed trade(s): 3486598 point Profit
Open trade(s): 1190670 point 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 point Profit.
TP2 @ 4409.80 touched at 2019.04.02 with 72067 point Profit.
TP3 @ 5245.00 touched at 2019.04.03 with 155587 point Profit.
TP4 @ 5700.00 touched at 2019.05.02 with 201087 point Profit.
TP5 @ 6094.35 touched at 2019.05.03 with 240522 point Profit.
TP6 @ 8200.00 touched at 2019.05.16 with 451087 point Profit.
TP7 @ 9455.00 touched at 2019.06.18 with 576587 point Profit.
TP8 @ 11400.00 touched at 2019.06.25 with 771087 point Profit.
TP9 @ 13375.00 touched at 2019.06.26 with 968587 point Profit.
49987 + 72067 + 155587 + 201087 + 240522 + 451087 + 576587 + 771087 + 968587 = 3486598 point

Open Profit:
Profit for one trade is 9642.48(current price) - 3689.13(open price) = 595335 point
2 trade(s) still open, therefore total profit for open trade(s) is 595335 x 2 = 1190670 point

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.

DateSun, 09/01/2019 - 12:54
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

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.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 10989.25 on 08/20/2019, so more losses to support(s) 9455.00 and minimum to Major Support (9079.75) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

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 Mon, 16 Sep 2019
Bitcoin (BTCUSD) free Thu, 12 Sep 2019
Bitcoin (BTCUSD) free Sun, 1 Sep 2019
Bitcoin (BTCUSD) Mon, 26 Aug 2019
Bitcoin (BTCUSD) free Fri, 23 Aug 2019