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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trade Setup

#BTCUSD
Total Profit: 5811374 pip (165%)
Closed trade(s): 874806 pip Profit (25%)
Open trade(s): 4936568 pip Profit (140%)

Trade Setup:
We opened 9 BUY trade(s) @ 34525.97 based on 'Valley' entry method at 2021.06.28.

Closed Profit:
TP1 @ 37800.00 touched at 2021.07.26 with 327403 pip Profit (9%).
TP2 @ 40000.00 touched at 2021.07.26 with 547403 pip Profit (16%).
327403 (9%) + 547403 (16%) = 874806 pip (25%)

Open Profit:
Profit for one trade is 41578.21(current price) - 34525.97(open price) = 705224 pip (20%)
7 trade(s) still open, therefore total profit for open trade(s) is 705224 (20%) x 7 = 4936568 pip (140%)

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 31, 2021 - 09:51
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 29351.50, beginning of uptrend is expected.
  • We make sure when the resistance at 46909.55 breaks.
  • If the support at 29351.50 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.
  • A trough is formed in daily chart at 29292.75 on 07/20/2021, so more gains to resistance(s) 43000.00 and maximum to Major Resistance (46909.55) 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. 37800.00
  2. 40000.00
  3. 43000.00
  4. 47000.00
  5. 52000.00
  6. 55590.20
  7. 59500.00
  8. 65000.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) free Sat, 4 Sep 2021
Bitcoin (BTCUSD) Sat, 28 Aug 2021
Bitcoin (BTCUSD) Sat, 21 Aug 2021
Bitcoin (BTCUSD) Sat, 14 Aug 2021
Bitcoin (BTCUSD) free Sat, 7 Aug 2021