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Weekly forecast Bitcoin technical chart
Symbol BTCUSD
Trade Setup

#BTCUSD
Total Profit: 33352203 point (1515%)
Closed trade(s): 25586926 point Profit
Open trade(s): 7765277 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%)
TP5 @ 32399.00 touched at 2023-10-23 with 1040189 point Profit. (47%)
TP6 @ 34625.00 touched at 2023-10-23 with 1262789 point Profit. (57%)
TP7 @ 37385.00 touched at 2023-11-09 with 1538789 point Profit. (70%)
TP8 @ 42500.00 touched at 2023-12-05 with 2050289 point Profit. (93%)
TP9 @ 48189.85 touched at 2024-01-11 with 2619274 point Profit. (119%)
TP10 @ 51770.00 touched at 2024-02-14 with 2977289 point Profit. (135%)
TP11 @ 60220.00 touched at 2024-02-28 with 3822289 point Profit. (174%)
TP12 @ 64755.00 touched at 2024-03-04 with 4275789 point Profit. (194%)
TP13 @ 69000.00 touched at 2024-03-05 with 4700289 point Profit. (214%)
80189 (4%) + 225789 (10%) + 325289 (15%) + 668673 (30%) + 1040189 (47%) + 1262789 (57%) + 1538789 (70%) + 2050289 (93%) + 2619274 (119%) + 2977289 (135%) + 3822289 (174%) + 4275789 (194%) + 4700289 (214%) = 25586926 point (1162%)

Open Profit:
Profit for one BUY trade is 99649.88(current price) - 21997.11(open price) = 7765277 point (353%)
1 trade(s) still open, therefore total profit for open trade(s) is 7765277 (353%) x 1 = 7765277 point (353%)

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 73777.00 is broken, we will close open trades.
DateDecember 8, 2024 - 15:31
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 73777.00 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 73777.00 is broken.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 66835.00 on 11/04/2024, so more gains to resistance(s) 100000.00 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 67.

Take Profits:

  1. 24800.00
  2. 28683.84
  3. 31804.20
  4. 34807.57
  5. 66835.00
  6. 73777.00
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin (BTCUSD) new free Thu, 16 Jan 2025
Bitcoin (BTCUSD) Tue, 14 Jan 2025
Bitcoin (BTCUSD) Sat, 4 Jan 2025
Bitcoin (BTCUSD) Sat, 28 Dec 2024
Bitcoin (BTCUSD) Tue, 24 Dec 2024
History
Daily-Trading-Opportunities on BTCUSD.