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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSD
Total Profit: 13602918 pip (393%)
Closed trade(s): 6837267 pip Profit (198%)
Open trade(s): 6765651 pip Profit (195%)

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%).
TP3 @ 43138.29 touched at 2021.08.06 with 861232 pip Profit (25%).
TP4 @ 47000.00 touched at 2021.08.13 with 1247403 pip Profit (36%).
TP5 @ 52000.00 touched at 2021.09.06 with 1747403 pip Profit (51%).
TP6 @ 55590.20 touched at 2021.10.07 with 2106423 pip Profit (61%).
327403 (9%) + 547403 (16%) + 861232 (25%) + 1247403 (36%) + 1747403 (51%) + 2106423 (61%) = 6837267 pip (198%)

Open Profit:
Profit for one trade is 57078.14(current price) - 34525.97(open price) = 2255217 pip (65%)
3 trade(s) still open, therefore total profit for open trade(s) is 2255217 (65%) x 3 = 6765651 pip (195%)

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 52000.00 is broken, we will close open trades.

DateOctober 14, 2021 - 17:49
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 52000.00 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 52000.00 is broken.

Technical analysis:

  • A trough is formed in daily chart at 39634.35 on 09/22/2021, so more gains to resistance(s) 59500.00, 65000.00, 70000.00 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 69.

Take Profits:

  1. 37800.00
  2. 40000.00
  3. 43138.29
  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) Sun, 28 Nov 2021
Bitcoin (BTCUSD) Fri, 26 Nov 2021
Bitcoin (BTCUSD) Sat, 20 Nov 2021
Bitcoin (BTCUSD) Sun, 14 Nov 2021
Bitcoin (BTCUSD) Thu, 4 Nov 2021