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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 1117631 pip
Closed trade(s): 264763 pip Profit
Open trade(s): 852868 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 15030.72(current price) - 6502.04(open price) = 852868 pip
1 trade(s) still open, therefore total profit for open trade(s) is 852868 x 1 = 852868 pip
_______________________________________________

DateTue, 01/09/2018 - 09:28
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption 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 51.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (13275.00 to 11339.85), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (13275.00)
    • Support on 01/02/2018
    • Support on 01/01/2018
    • Support on 12/28/2017
    • Support on 12/25/2017
    • Support on 12/24/2017
    • Support on 12/23/2017
    • Support on 12/22/2017
    • Support on 12/10/2017
    • Support on 12/09/2017
    • Support on 12/07/2017
  • Ending of entry zone (11339.85)
    • Support on 12/22/2017
    • Resistance on 12/03/2017
    • Resistance on 11/29/2017

Take Profits:

  1. 14991.70
  2. 16384.30
  3. 17112.55
  4. 19704.20
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) new Tue, 17 Jul 2018
Bitcoin (BTCUSD) Sat, 30 Jun 2018
Bitcoin (BTCUSD) free Fri, 8 Jun 2018
Bitcoin (BTCUSD) free Wed, 30 May 2018
Bitcoin (BTCUSD) free Tue, 22 May 2018