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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.
DateApril 8, 2019 - 19:15
Currentrange bound
Forecastbeginning of uptrend

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) Sun, 14 Apr 2024
Bitcoin (BTCUSD) free Fri, 5 Apr 2024
Bitcoin (BTCUSD) Sun, 31 Mar 2024
Bitcoin (BTCUSD) Sun, 24 Mar 2024
Bitcoin (BTCUSD) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on BTCUSD.