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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 2501008 pip
Closed trade(s): 464120 pip Profit
Open trade(s): 2036888 pip Profit

Trade Setup:
We opened 10 BUY trade(s) @ 6715.85 based on 'Hammer' entry method at 2018.04.01.

Closed Profit:
TP1 @ 7556.25 touched at 2018.04.12 with 84040 pip Profit.
TP2 @ 8180.60 touched at 2018.04.15 with 146475 pip Profit.
TP3 @ 9051.90 touched at 2018.04.24 with 233605 pip Profit.
84040 + 146475 + 233605 = 464120 pip

Open Profit:
Profit for one trade is 9625.69(current price) - 6715.85(open price) = 290984 pip
7 trade(s) still open, therefore total profit for open trade(s) is 290984 x 7 = 2036888 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.
  • If the Midterm level 8180.60 is broken, we will close open trades.

DateMay 4, 2018 - 10:05
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 8180.60, resumption of uptrend is expected.
  • We make sure when the resistance at 9774.80 breaks.
  • If the support at 8180.60 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 8180.60 is broken.

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 63.

Take Profits:

  1. 7556.25
  2. 8180.60
  3. 9051.90
  4. 9774.80
  5. 11600.00
  6. 12670.65
  7. 15308.00
  8. 17095.65
  9. 19704.20
Click on the level to view price action history.

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