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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 4818492 point
Closed trade(s): 3486598 point Profit
Open trade(s): 1331894 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 10348.60(current price) - 3689.13(open price) = 665947 point
2 trade(s) still open, therefore total profit for open trade(s) is 665947 x 2 = 1331894 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.
DateSeptember 12, 2019 - 18:28
Currentrange bound
Forecastresumption of uptrend

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 triangle taking shape.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 9344.50 on 08/29/2019, so more gains to resistance(s) 11400.00, 13375.00, 17095.65 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 51.

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) Sun, 14 Apr 2024
Bitcoin (BTCUSD) free Fri, 5 Apr 2024
Bitcoin (BTCUSD) Sun, 31 Mar 2024
Bitcoin (BTCUSD) Sun, 24 Mar 2024
Bitcoin (BTCUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BTCUSD.