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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 1688806 pip
Closed trade(s): 224590 pip Profit
Open trade(s): 1464216 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.
TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit.
TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit.
13965 + 69900 + 140725 = 224590 pip

Open Profit:
Profit for one trade is 8105.62(current price) - 6275.35(open price) = 183027 pip
8 trade(s) still open, therefore total profit for open trade(s) is 183027 x 8 = 1464216 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.

DateTue, 07/24/2018 - 16:45
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 75.

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) new Mon, 15 Oct 2018
Bitcoin (BTCUSD) Wed, 10 Oct 2018
Bitcoin (BTCUSD) Wed, 3 Oct 2018
Bitcoin (BTCUSD) free Tue, 4 Sep 2018
Bitcoin (BTCUSD) free Mon, 20 Aug 2018