Languages

website utilities

 

Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 707777 pip
Closed trade(s): 264763 pip Profit
Open trade(s): 443014 pip Profit
_______________________________________________
Trade Setup:
We opened 4 BUY trade(s) @ 6502.04 (day close price) based on 'Two-day reversal candle (Hammer)' at 2017.11.13.

Closed Profit:
TP1 @ 6930.00 touched at 2017.11.15 with 42796 pip Profit.
TP2 @ 7450.20 touched at 2017.11.16 with 94816 pip Profit.
TP3 @ 7773.55 touched at 2017.11.16 with 127151 pip Profit.
42796 + 94816 + 127151 = 264763 pip

Open Profit:
Profit for one trade is 10932.18(current price) - 6502.04(open price) = 443014 pip
1 trade(s) still open, therefore total profit for open trade(s) is 443014 x 1 = 443014 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (6071.00 to 5460.00). 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 (6071.00)
    • Support on 10/31/2017
    • Resistance on 10/23/2017
    • Resistance on 10/22/2017
    • Resistance on 10/21/2017
  • Ending of entry zone (5460.00)
    • Support on 11/12/2017
    • Support on 10/25/2017
    • Support on 10/24/2017
    • Support on 10/18/2017
    • Support on 10/15/2017

DateSat, 12/02/2017 - 18:49
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

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

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 82.

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) Tue, 13 Nov 2018
Bitcoin (BTCUSD) Tue, 6 Nov 2018
Bitcoin (BTCUSD) Wed, 24 Oct 2018
Bitcoin (BTCUSD) Mon, 15 Oct 2018
Bitcoin (BTCUSD) Wed, 10 Oct 2018