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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSD
Total Profit: 6440630 point (289%)
Closed trade(s): 1299940 point Profit
Open trade(s): 5140690 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 27137.8(current price) - 21997.11(open price) = 514069 point (23%)
10 trade(s) still open, therefore total profit for open trade(s) is 514069 (23%) x 10 = 5140690 point (230%)

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.
DateJune 3, 2023 - 11:36
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 trough is formed in daily chart at 25871.90 on 05/25/2023, so more gains to resistance(s) 28683.84 and maximum to Major Resistance (31000.00) 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 48.

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) 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.