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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 these trades.

DateFri, 05/04/2018 - 10:05
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

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.

Symbol Released Current Forecast
Bitcoin (BTCUSD) Tue, 24 Jul 2018
Bitcoin (BTCUSD) Tue, 17 Jul 2018
Bitcoin (BTCUSD) Sat, 30 Jun 2018
Bitcoin (BTCUSD) free Fri, 8 Jun 2018
Bitcoin (BTCUSD) free Wed, 30 May 2018