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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 4174260 pip (444%)
Closed trade(s): 3231658 pip Profit (344%)
Open trade(s): 942602 pip Profit (100%)

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 (4%).
TP2 @ 10374.00 touched at 2020.07.27 with 99174 pip Profit (11%).
TP3 @ 12316.65 touched at 2020.08.17 with 293439 pip Profit (31%).
TP4 @ 13737.50 touched at 2020.10.28 with 435524 pip Profit (46%).
TP5 @ 15000.00 touched at 2020.11.05 with 561774 pip Profit (60%).
TP6 @ 17095.65 touched at 2020.11.17 with 771339 pip Profit (82%).
TP7 @ 19704.20 touched at 2020.11.30 with 1032194 pip Profit (110%).
38214 (4%) + 99174 (11%) + 293439 (31%) + 435524 (46%) + 561774 (60%) + 771339 (82%) + 1032194 (110%) = 3231658 pip (344%)

Open Profit:
Profit for one trade is 18808.28(current price) - 9382.26(open price) = 942602 pip (100%)
1 trade(s) still open, therefore total profit for open trade(s) is 942602 (100%) x 1 = 942602 pip (100%)

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 13737.50 is broken, we will close open trades.
DateDecember 8, 2020 - 18:50
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 13737.50 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 13737.50 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 16291.65 on 11/26/2020, so more gains to resistance(s) 19704.20 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 60.

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) 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.