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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSD
Total Profit: 6472870 point (299%)
Closed trade(s): 1299940 point Profit
Open trade(s): 5172930 point Profit

Trade Setup:
We opened 14 BUY trades @ 21997.11 based on 'Valley' entry method at 2023-03-12.

Closed Profit:
TP1 @ 22799.00 touched at 2023-03-13 with 80189 point Profit. (4%)
TP2 @ 24255.00 touched at 2023-03-13 with 225789 point Profit. (10%)
TP3 @ 25250.00 touched at 2023-03-14 with 325289 point Profit. (15%)
TP4 @ 28683.84 touched at 2023-03-22 with 668673 point Profit. (30%)
80189 (4%) + 225789 (10%) + 325289 (15%) + 668673 (30%) = 1299940 point (59%)

Open Profit:
Profit for one BUY trade is 27170.04(current price) - 21997.11(open price) = 517293 point (24%)
10 trade(s) still open, therefore total profit for open trade(s) is 517293 (24%) x 10 = 5172930 point (240%)

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 22799.00 is broken, we will close open trades.
DateMay 28, 2023 - 10:19
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 22799.00, continuation of uptrend is expected.
  • We make sure when the resistance at 31000.00 breaks.
  • If the support at 22799.00 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 22799.00 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 29820.00 on 05/06/2023, so more losses to support(s) 26700.00, 25250.00, 24255.00 and minimum to Major Support (22799.00) 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 49.

Take Profits:

  1. 22799.00
  2. 24255.00
  3. 25250.00
  4. 28683.84
  5. 32399.00
  6. 34625.00
  7. 37385.00
  8. 42500.00
  9. 48189.85
  10. 51770.00
  11. 60220.00
  12. 64755.00
  13. 69000.00
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin (BTCUSD) Sat, 16 Sep 2023
Bitcoin (BTCUSD) Sun, 10 Sep 2023
Bitcoin (BTCUSD) Sat, 2 Sep 2023
Bitcoin (BTCUSD) Sun, 27 Aug 2023
Bitcoin (BTCUSD) Sun, 20 Aug 2023
History
Daily-Trading-Opportunities on BTCUSD.