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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

DateSun, 11/12/2017 - 15:46
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish
Open7152.10
High7773.57 on Wed, 11/08/2017 - 17:30
Low5498.98 on Sun, 11/12/2017 - 06:30
Close6238.88
Description

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (5922.40 to 5359.70), if so, we would set 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

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
    • Support on 11/07/2017
    • Support on 11/06/2017
    • Support on 11/04/2017
    • Support on 11/03/2017
  2. 7450.20
    • Resistance on 11/09/2017
    • Resistance on 11/08/2017
    • Resistance on 11/06/2017
    • Resistance on 11/05/2017
    • Resistance on 11/04/2017
    • Resistance on 11/03/2017
  3. 7773.55
    • Resistance on 11/08/2017

Latest forecasts
Symbol Released Current Forecast
Bitcoin (BTCUSD) free Thu, 15 Feb 2018
Bitcoin (BTCUSD) free Sat, 27 Jan 2018
Bitcoin (BTCUSD) free Thu, 18 Jan 2018
Bitcoin (BTCUSD) free Tue, 9 Jan 2018
Bitcoin (BTCUSD) free Tue, 2 Jan 2018