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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trade Setup

#BTCUSD:
Total Loss: 1688902 pip
Closed trade(s): 36063 pip Profit
Closed trade(s): 1724965 pip Loss

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.

Total Loss:
According to our stop-loss strategy, because of break of entry zone, we closed our open trades @ 4771.22(close price of the daily candle with whole bearish body below entry zone) at 2018.11.19 with 156815 pip Loss.
Loss for one trade is 6339.37(open price) - 4771.22(close price) = 156815 pip
Therefore total loss for trades is 156815 x 11 = 1724965 pip

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (3580.00 to 3140.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (3580.00)
    • Support on 08/22/2017
    • Support on 09/16/2017
    • Support on 09/17/2017
    • Support on 09/21/2017
    • Support on 09/22/2017
    • Support on 09/23/2017
    • Support on 11/25/2018
    • Support on 11/26/2018
    • Support on 11/27/2018
    • Resistance on 12/17/2018
    • Support on 12/27/2018
    • Support on 12/28/2018
  • Ending of entry zone (3140.00)
    • Support on 09/15/2017
    • Support on 12/14/2018
    • Support on 12/15/2018

DateThu, 01/03/2019 - 20:38
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 2900.00, resumption of uptrend is expected.
  • We make sure when the resistance at 6094.35 breaks.
  • If the support at 2900.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The ascending flag taking shape suggests we will soon see another leg higher.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 4189.00
  2. 4409.80
  3. 5245.00
  4. 5700.00
  5. 6094.35
  6. 8200.00
  7. 9455.00
  8. 11400.00
  9. 13375.00
  10. 19704.20
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) Thu, 20 Jun 2019
Bitcoin (BTCUSD) free Tue, 11 Jun 2019
Bitcoin (BTCUSD) free Mon, 3 Jun 2019
Bitcoin (BTCUSD) free Wed, 22 May 2019
Bitcoin (BTCUSD) free Mon, 13 May 2019