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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 2858958 pip
Closed trade(s): 719250 pip Profit
Open trade(s): 2139708 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.
TP4 @ 5700.00 touched at 2019.05.02 with 201087 pip Profit.
TP5 @ 6094.35 touched at 2019.05.03 with 240522 pip Profit.
49987 + 72067 + 155587 + 201087 + 240522 = 719250 pip

Open Profit:
Profit for one trade is 7255.31(current price) - 3689.13(open price) = 356618 pip
6 trade(s) still open, therefore total profit for open trade(s) is 356618 x 6 = 2139708 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 4931.35 is broken, we will close open trades.

DateMon, 05/13/2019 - 12:12
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 4931.35 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 4931.35 is broken.

Technical analysis:

  • The RSI resistance #1 at 77 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 4929.40 on 04/12/2019, so more gains to resistance(s) 8200.00, 9455.00, 11400.00 and more heights 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 88.

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