website utilities

Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Bitcoin technical chart

Download MT4 template file

Trade Setup
Total Profit: 243576 pip
Closed trade(s): 0 pip Profit
Open trade(s): 243576 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 9382.26 based on 'Valley' entry method at 2020.07.21.

Open Profit:
Profit for one trade is 9686.73(current price) - 9382.26(open price) = 30447 pip
8 trade(s) still open, therefore total profit for open trade(s) is 30447 x 8 = 243576 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.

DateJuly 25, 2020 - 20:00
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 8836.40, beginning of uptrend is expected.
  • We make sure when the resistance at 10374.00 breaks.
  • If the support at 8836.40 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 9016.25 on 07/16/2020, so more gains to resistance(s) 9764.40 and maximum to Major Resistance (10374.00) 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 68.

Take Profits:

  1. 9764.40
  2. 10374.00
  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 Mon, 10 Aug 2020
Bitcoin (BTCUSD) Sun, 2 Aug 2020
Bitcoin (BTCUSD) free Sat, 25 Jul 2020
Bitcoin (BTCUSD) Tue, 21 Jul 2020
Bitcoin (BTCUSD) Sun, 19 Jul 2020