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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

DateSun, 03/04/2018 - 17:32
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 8410.20, resumption of uptrend is expected.
  • We make sure when the resistance at 11600.00 breaks.
  • If the support at 8410.20 is broken, the short-term forecast -resumption of uptrend- will be invalid.

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 56.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (9180.05 to 7773.55), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (9180.05)
    • Support on 02/26/2018
    • Support on 02/25/2018
    • Support on 02/24/2018
    • Support on 02/15/2018
    • Resistance on 02/04/2018
    • Resistance on 02/03/2018
    • Support on 01/17/2018
    • Support on 11/30/2017
    • Support on 11/29/2017
  • Ending of entry zone (7773.55)
    • Support on 02/11/2018
    • Support on 02/09/2018
    • Resistance on 02/07/2018
    • Resistance on 02/06/2018
    • Support on 02/04/2018
    • Support on 02/02/2018
    • Support on 11/21/2017
    • Resistance on 11/18/2017
    • Resistance on 11/08/2017

Take Profits:

  1. 10688.25
  2. 11599.95
  3. 12670.65
  4. 15308.00
  5. 17095.65
  6. 19704.20
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) free Fri, 8 Jun 2018
Bitcoin (BTCUSD) free Wed, 30 May 2018
Bitcoin (BTCUSD) free Tue, 22 May 2018
Bitcoin (BTCUSD) Wed, 16 May 2018
Bitcoin (BTCUSD) free Fri, 4 May 2018