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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 319088 pip
Closed trade(s): 0 pip Profit
Open trade(s): 319088 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 9064.91 based on 'Valley' entry method at 2019.11.10.

Open Profit:
Profit for one trade is 9463.77(current price) - 9064.91(open price) = 39886 pip
8 trade(s) still open, therefore total profit for open trade(s) is 39886 x 8 = 319088 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.
DateFebruary 2, 2020 - 17:50
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 6094.35, resumption of uptrend is expected.
  • We make sure when the resistance at 9937.75 breaks.
  • If the support at 6094.35 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 8242.25 on 01/24/2020, so more gains maximum to Major Resistance (9937.75) 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 70.

Take Profits:

  1. 9937.75
  2. 10914.00
  3. 12316.65
  4. 13737.50
  5. 15000.00
  6. 17095.65
  7. 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.