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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 347367 pip
Closed trade(s): 49987 pip Profit
Open trade(s): 297380 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 3689.13 based on 'Valley' entry method at 2019.02.08.

Closed Profit:
TP1 @ 4189.00 touched at 2019.02.23 with 49987 pip Profit.

Open Profit:
Profit for one trade is 3986.51(current price) - 3689.13(open price) = 29738 pip
10 trade(s) still open, therefore total profit for open trade(s) is 29738 x 10 = 297380 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.

DateSun, 03/10/2019 - 15:50
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 2900.00, beginning 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 -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 57 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 4277.58 on 02/24/2019, so more losses to support(s) 3489.35, 3140.00 and minimum to Major Support (2900.00) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 58.

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) 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
Bitcoin (BTCUSD) Tue, 16 Apr 2019