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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trade Setup

#BTCUSD
Total Profit: 761422 pip
Closed trade(s): 264763 pip Profit
Open trade(s): 496659 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 11468.63(current price) - 6502.04(open price) = 496659 pip
1 trade(s) still open, therefore total profit for open trade(s) is 496659 x 1 = 496659 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (11339.85 to 9051.90). 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 (11339.85)
    • Support on 12/22/2017
    • Resistance on 12/03/2017
    • Resistance on 11/29/2017
  • Ending of entry zone (9051.90)
    • Support on 01/17/2018
    • Support on 11/30/2017
    • Support on 11/29/2017
DateJanuary 18, 2018 - 11:39
Currentrange bound
Forecastresumption of uptrend

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 below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

Take Profits:

  1. 12933.10
  2. 13663.40
  3. 15097.15
  4. 17112.55
  5. 19704.20
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin (BTCUSD) Sun, 14 Apr 2024
Bitcoin (BTCUSD) free Fri, 5 Apr 2024
Bitcoin (BTCUSD) Sun, 31 Mar 2024
Bitcoin (BTCUSD) Sun, 24 Mar 2024
Bitcoin (BTCUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BTCUSD.