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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 715784 pip
Closed trade(s): 264763 pip Profit
Open trade(s): 451021 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 11012.25(current price) - 6502.04(open price) = 451021 pip
1 trade(s) still open, therefore total profit for open trade(s) is 451021 x 1 = 451021 pip
_______________________________________________

DateSat, 01/27/2018 - 08:38
Currentrange bound
Forecastresumption of uptrend
Last weekBearish
Open11413.11
High12886.28 on Sat, 01/20/2018 - 18:30
Low9837.50 on Tue, 01/23/2018 - 11:30
Close11008.40
Description

Trading suggestion:
Price is in the Trend Hunter Buy Zone (11253.20 to 9051.90), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (11253.20)
    • Support on 01/21/2018
    • Support on 01/20/2018
    • Support on 12/22/2017
    • Resistance on 12/03/2017
    • Resistance on 12/02/2017
    • 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

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 40.

Take Profits:

  1. 12670.65
    • Resistance on 01/21/2018
    • Resistance on 01/20/2018
    • Support on 01/12/2018
    • Support on 01/11/2018
    • Support on 01/02/2018
    • Support on 01/01/2018
    • Support on 12/24/2017
    • Support on 12/22/2017
  2. 14076.10
    • Resistance on 01/15/2018
    • Resistance on 01/12/2018
    • Support on 01/10/2018
    • Support on 01/09/2018
    • Support on 01/08/2018
    • Support on 01/04/2018
    • Resistance on 12/31/2017
    • Support on 12/29/2017
    • Support on 12/28/2017
    • Support on 12/10/2017
    • Support on 12/09/2017
  3. 14991.70
    • Resistance on 01/11/2018
    • Resistance on 01/09/2018
    • Support on 01/05/2018
    • Resistance on 01/02/2018
    • Support on 12/27/2017
    • Resistance on 12/23/2017
    • Support on 12/21/2017
  4. 17095.65
    • Resistance on 01/07/2018
    • Resistance on 01/06/2018
    • Resistance on 01/05/2018
    • Resistance on 12/21/2017
    • Support on 12/19/2017
  5. 19704.20
    • Resistance on 12/17/2017

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