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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: 4470456 point
Closed trade(s): 4470456 point Profit
Open trade(s): 0 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

Closed Profit:
Profit for one trade is 8608.42(current price) - 3689.13(open price) = 491929 point
2 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 491929 x 2 = 983858 point

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (3489.35 to 3140.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (3489.35)
    • Support on 09/22/2017
    • Support on 12/10/2018
    • Support on 01/22/2019
    • Support on 01/31/2019
    • Support on 02/01/2019
    • Support on 02/02/2019
    • Support on 02/05/2019
  • Ending of entry zone (3140.00)
    • Support on 09/15/2017

DateThu, 10/03/2019 - 17:53
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 a downtrend wave below 9079.75 would begin in Midterm.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 13740.90 on 06/26/2019, so more losses to support(s) 7446.80, 6750.00, 6094.35 and minimum to Trend Hunter Buy Zone (3489.35 to 3140.00) 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 29.

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) Tue, 15 Oct 2019
Bitcoin (BTCUSD) free Thu, 3 Oct 2019
Bitcoin (BTCUSD) free Tue, 24 Sep 2019
Bitcoin (BTCUSD) free Mon, 16 Sep 2019
Bitcoin (BTCUSD) free Thu, 12 Sep 2019