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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSD
Total Profit: -11738067 point (-286%)
Closed trade(s): 0 point Profit
Open trade(s): -11738067 point Profit

Trade Setup:
We opened 11 BUY trades @ 40426.08 based on 'Hammer' entry method at 2022-04-25.

Open Profit:
Profit for one BUY trade is 29755.11(current price) - 40426.08(open price) = -1067097 point (-26%)
11 trade(s) still open, therefore total profit for open trade(s) is -1067097 (-26%) x 11 = -11738067 point (-286%)

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.

DateJune 4, 2022 - 10:03
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 26700.00, beginning of uptrend is expected.
  • We make sure when the resistance at 45500.00 breaks.
  • If the support at 26700.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 32399.00 on 05/31/2022, so more losses to support(s) 28659.24 and minimum to Major Support (26700.00) 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 44.

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, 24 Mar 2024
Bitcoin (BTCUSD) 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