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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 349775 pip
Closed trade(s): 13965 pip Profit
Open trade(s): 335810 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 6275.35 based on 'Trough (Valley)' entry method at 2018.07.15.

Closed Profit:
TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit.

Open Profit:
Profit for one trade is 6611.16(current price) - 6275.35(open price) = 33581 pip
10 trade(s) still open, therefore total profit for open trade(s) is 33581 x 10 = 335810 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.
DateJuly 17, 2018 - 11:59
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.

Technical analysis:

  • The RSI bounced from the support #1 at 26 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased.
  • While the RSI downtrend #3 is not broken, bearish wave in price would continue.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Take Profits:

  1. 6415.00
  2. 6974.35
  3. 7682.60
  4. 8760.45
  5. 9774.80
  6. 11600.00
  7. 12700.00
  8. 14350.00
  9. 17095.65
  10. 19704.20
Click on the level to view price action history.
Symbol Released Current Forecast
Bitcoin (BTCUSD) Sun, 14 Apr 2024
Bitcoin (BTCUSD) free Fri, 5 Apr 2024
Bitcoin (BTCUSD) Sun, 31 Mar 2024
Bitcoin (BTCUSD) Sun, 24 Mar 2024
Bitcoin (BTCUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BTCUSD.