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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5922.40 to 5359.70). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (5922.40)
    • Resistance on 10/27/2017
    • Resistance on 10/26/2017
    • Resistance on 10/24/2017
    • Support on 10/22/2017
    • Support on 10/21/2017
  • Ending of entry zone (5359.70)
    • Support on 10/25/2017
    • Support on 10/18/2017
    • Support on 10/13/2017

DateSun, 11/12/2017 - 15:46
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 6930.00
  2. 7450.20
  3. 7773.55
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) free Tue, 4 Sep 2018
Bitcoin (BTCUSD) free Mon, 20 Aug 2018
Bitcoin (BTCUSD) Wed, 15 Aug 2018
Bitcoin (BTCUSD) Tue, 24 Jul 2018
Bitcoin (BTCUSD) Tue, 17 Jul 2018