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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSDT
Total Profit: -2472382 pip (-66%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): -2472382 pip Profit (-66%)

Trade Setup:
We opened 11 BUY trade(s) @ 40426.08 based on 'Hammer' entry method at 2022.04.25.

Open Profit:
Profit for one trade is 38178.46(current price) - 40426.08(open price) = -224762 pip (-6%)
11 trade(s) still open, therefore total profit for open trade(s) is -224762 (-6%) x 11 = -2472382 pip (-66%)

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.
DateMay 1, 2022 - 12:02
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 29338.43, beginning of uptrend is expected.
  • We make sure when the resistance at 45500.00 breaks.
  • If the support at 29338.43 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 40371.79 on 04/28/2022, so more losses to support(s) 36927.48, 33986.52 and minimum to Major Support (29338.43) 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 39.

Take Profits:

  1. 42500.00
  2. 45500.00
  3. 48189.85
  4. 51770.00
  5. 55590.00
  6. 60220.00
  7. 64755.00
  8. 69000.00
  9. 75000.00
  10. 80000.00
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.