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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 7743630 pip (825%)
Closed trade(s): 3231658 pip Profit (344%)
Open trade(s): 4511972 pip Profit (481%)

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 54501.98(current price) - 9382.26(open price) = 4511972 pip (481%)
1 trade(s) still open, therefore total profit for open trade(s) is 4511972 (481%) x 1 = 4511972 pip (481%)

#DASHBTC
Total Profit: -2301 pip (-416%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -2301 pip Profit (-416%)

Trade Setup:
We opened 13 BUY trade(s) @ 0.00558 based on 'Valley' entry method at 2020.11.25.

Open Profit:
Profit for one trade is 0.00381(current price) - 0.00558(open price) = -177 pip (-32%)
13 trade(s) still open, therefore total profit for open trade(s) is -177 (-32%) x 13 = -2301 pip (-416%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (47000.00 to 45000.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (47000.00)
    • Resistance on 02/11/2021
    • Support on 02/13/2021
    • Support on 02/14/2021
    • Support on 02/15/2021
    • Support on 02/16/2021
    • Support on 02/23/2021
    • Support on 02/24/2021
    • Resistance on 02/27/2021
    • Resistance on 02/28/2021
    • Support on 03/02/2021
    • Support on 03/03/2021
    • Support on 03/05/2021
    • Support on 03/06/2021
  • Ending of entry zone (45000.00)
    • Resistance on 02/08/2021
    • Support on 02/23/2021
    • Support on 02/26/2021
    • Support on 02/27/2021
    • Support on 02/28/2021
    • Support on 03/01/2021
DateMarch 23, 2021 - 11:35
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 40000.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • There is a divergence in RSI and price between the peak at 58252.85 on 2021-02-21 and the peak at 61624.15 on 2021-03-13, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 61624.15 on 03/13/2021, so more losses to support(s) 52000.00, 47000.00, 45000.00 and minimum to Major Support (40000.00) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 52000.00
  2. 58252.85
  3. 61624.15
  4. 65000.00
  5. 70000.00
  6. 75000.00
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.