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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
_______________________________________________

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.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (6071.00 to 5460.00), if so, we would set 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

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) Wed, 16 May 2018
Bitcoin (BTCUSD) free Fri, 4 May 2018
Bitcoin (BTCUSD) Tue, 24 Apr 2018
Bitcoin (BTCUSD) free Sun, 15 Apr 2018
Bitcoin (BTCUSD) free Thu, 12 Apr 2018