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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 232545 pip
Closed trade(s): 36063 pip Profit
Open trade(s): 196482 pip Profit

Trade Setup:
We opened 12 BUY trade(s) @ 6339.37 based on 'Hammer' entry method at 2018.09.19.

Closed Profit:
TP1 @ 6700.00 touched at 2018.09.21 with 36063 pip Profit.

Open Profit:
Profit for one trade is 6517.99(current price) - 6339.37(open price) = 17862 pip
11 trade(s) still open, therefore total profit for open trade(s) is 17862 x 11 = 196482 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.

DateWed, 10/10/2018 - 17:29
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 4966.90, resumption of uptrend is expected.
  • We make sure when the resistance at 8200.00 breaks.
  • If the support at 4966.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 6700.00
  2. 7075.00
  3. 7682.60
  4. 8200.00
  5. 8800.00
  6. 9800.00
  7. 11600.00
  8. 12700.00
  9. 14350.00
  10. 17095.65
  11. 19704.20
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) new Wed, 22 May 2019
Bitcoin (BTCUSD) free Mon, 13 May 2019
Bitcoin (BTCUSD) free Mon, 6 May 2019
Bitcoin (BTCUSD) free Mon, 29 Apr 2019
Bitcoin (BTCUSD) free Mon, 22 Apr 2019