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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSDT
Total Profit: 15129964 pip (438%)
Closed trade(s): 12382053 pip Profit (358%)
Open trade(s): 2747911 pip Profit (80%)

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 @ 55590.00 touched at 2021.10.06 with 2106403 pip Profit (61%).
TP7 @ 59500.00 touched at 2021.10.15 with 2497403 pip Profit (72%).
TP8 @ 65000.00 touched at 2021.10.20 with 3047403 pip Profit (88%).
327403 (9%) + 547403 (16%) + 861232 (25%) + 1247403 (36%) + 1747403 (51%) + 2106403 (61%) + 2497403 (72%) + 3047403 (88%) = 12382053 pip (358%)

Open Profit:
Profit for one trade is 62005.08(current price) - 34525.97(open price) = 2747911 pip (80%)
1 trade(s) still open, therefore total profit for open trade(s) is 2747911 (80%) x 1 = 2747911 pip (80%)

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.

DateNovember 4, 2021 - 14:24
Currentuptrend
Forecastcontinuation of uptrend

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:

  • While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 57820.00 on 10/28/2021, so more gains to resistance(s) 65000.00, 70000.00, 75000.00 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 57.

Take Profits:

  1. 37800.00
  2. 40000.00
  3. 43138.29
  4. 47000.00
  5. 52000.00
  6. 55590.00
  7. 59500.00
  8. 65000.00
Click on the level to view price action history.

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