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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 773298 pip
Closed trade(s): 87284 pip Profit
Open trade(s): 686014 pip Profit

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

Closed Profit:
TP1 @ 9937.75 touched at 2020.02.09 with 87284 pip Profit.

Open Profit:
Profit for one trade is 10044.93(current price) - 9064.91(open price) = 98002 pip
7 trade(s) still open, therefore total profit for open trade(s) is 98002 x 7 = 686014 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 9, 2020 - 18:36
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 8200.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 8242.25 on 01/24/2020, so more gains to resistance(s) 10914.00, 12316.65, 13737.50 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 74.

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) new Sun, 2 Aug 2020
Bitcoin (BTCUSD) free Sat, 25 Jul 2020
Bitcoin (BTCUSD) Tue, 21 Jul 2020
Bitcoin (BTCUSD) Sun, 19 Jul 2020
Bitcoin (BTCUSD) Mon, 13 Jul 2020