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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

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

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) new Sun, 17 Mar 2024
Bitcoin (BTCUSD) free Sun, 10 Mar 2024
Bitcoin (BTCUSD) free Sun, 3 Mar 2024
Bitcoin (BTCUSD) free Sun, 25 Feb 2024
Bitcoin (BTCUSD) free Mon, 19 Feb 2024