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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup
#BTCUSD
Total Profit: 3263582 pip
Closed trade(s): 1170337 pip Profit
Open trade(s): 2093245 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 7875.62(current price) - 3689.13(open price) = 418649 pip
5 trade(s) still open, therefore total profit for open trade(s) is 418649 x 5 = 2093245 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 6750.00 is broken, we will close open trades.
DateJune 11, 2019 - 17:18
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 6750.00 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 6750.00 is broken.

Technical analysis:

  • The RSI bounced from the support #1 at 47 and it prevented price from more losses.
  • A peak is formed in daily chart at 9093.70 on 05/30/2019, so more losses to support(s) 7050.00 and minimum to Major Support (6750.00) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 51.

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.