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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 Profit: 3238612 pip
Closed trade(s): 1170337 pip Profit
Open trade(s): 2068275 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.
TP6 @ 8200.00 touched at 2019.05.16 with 451087 pip Profit.
49987 + 72067 + 155587 + 201087 + 240522 + 451087 = 1170337 pip

Open Profit:
Profit for one trade is 7825.68(current price) - 3689.13(open price) = 413655 pip
5 trade(s) still open, therefore total profit for open trade(s) is 413655 x 5 = 2068275 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 6415.00 is broken, we will close open trades.

DateWed, 05/22/2019 - 12:35
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 6415.00 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 6415.00 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 7000.00 on 05/17/2019, 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 66.

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 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