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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trade Setup

#BTCUSD
Total Profit: 110256 pip
Closed trade(s): 0 pip Profit
Open trade(s): 110256 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 8097.39 based on 'Hammer' entry method at 2018.03.18.

Open Profit:
Profit for one trade is 8235.21(current price) - 8097.39(open price) = 13782 pip
8 trade(s) still open, therefore total profit for open trade(s) is 13782 x 8 = 110256 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMarch 19, 2018 - 17:18
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 6000.00, resumption of uptrend is expected.
  • We make sure when the resistance at 11600.00 breaks.
  • If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

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. 9180.05
  2. 10688.25
  3. 11600.00
  4. 12670.65
  5. 15308.00
  6. 17095.65
  7. 19704.20
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) Sun, 24 Mar 2024
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