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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 1628790 pip
Closed trade(s): 137388 pip Profit
Open trade(s): 1491402 pip Profit

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

Closed Profit:
TP1 @ 9764.40 touched at 2020.07.26 with 38214 pip Profit.
TP2 @ 10374.00 touched at 2020.07.27 with 99174 pip Profit.
38214 + 99174 = 137388 pip

Open Profit:
Profit for one trade is 11867.93(current price) - 9382.26(open price) = 248567 pip
6 trade(s) still open, therefore total profit for open trade(s) is 248567 x 6 = 1491402 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.
  • If the Midterm level 10374.00 is broken, we will close open trades.
DateAugust 16, 2020 - 17:03
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 10374.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 10374.00 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A trough is formed in daily chart at 11119.30 on 08/11/2020, so more gains to resistance(s) 12316.65, 13737.50, 15000.00 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 64.

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 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.