Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 1513561 pip
Closed trade(s): 277641 pip Profit
Open trade(s): 1235920 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.
TP2 @ 4409.80 touched at 2019.04.02 with 72067 pip Profit.
TP3 @ 5245.00 touched at 2019.04.03 with 155587 pip Profit.
49987 + 72067 + 155587 = 277641 pip

Open Profit:
Profit for one trade is 5234.03(current price) - 3689.13(open price) = 154490 pip
8 trade(s) still open, therefore total profit for open trade(s) is 154490 x 8 = 1235920 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.
  • If the Midterm level 3762.85 is broken, we will close open trades.

DateMon, 04/08/2019 - 19:15
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 3762.85, beginning of uptrend is expected.
  • We make sure when the resistance at 6094.35 breaks.
  • If the support at 3762.85 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 3762.85 is broken.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 3935.00 on 03/26/2019, so more gains to resistance(s) 5245.00, 5700.00 and maximum to Major Resistance (6094.35) 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 76.

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) new Tue, 16 Apr 2019
Bitcoin (BTCUSD) free Mon, 8 Apr 2019
Bitcoin (BTCUSD) free Sun, 24 Mar 2019
Bitcoin (BTCUSD) Sun, 17 Mar 2019
Bitcoin (BTCUSD) Sun, 10 Mar 2019