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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

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Trade Setup

#BTCUSD
Total Profit: 548163 pip (18%)
Closed trade(s): 0 pip Profit (0%)
Open trade(s): 548163 pip Profit (18%)

Trade Setup:
We opened 9 BUY trade(s) @ 36477.09 based on 'Valley' entry method at 2021.06.09.

Open Profit:
Profit for one trade is 37086.16(current price) - 36477.09(open price) = 60907 pip (2%)
9 trade(s) still open, therefore total profit for open trade(s) is 60907 (2%) x 9 = 548163 pip (18%)

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.

DateJune 9, 2021 - 23:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 30000.00, beginning of uptrend is expected.
  • We make sure when the resistance at 46909.55 breaks.
  • If the support at 30000.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 31040.00 on 06/08/2021, so more gains to resistance(s) 37800.00, 40000.00, 43000.00 and maximum to Major Resistance (46909.55) 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 45.

Take Profits:

  1. 37800.00
  2. 40000.00
  3. 43000.00
  4. 47000.00
  5. 52000.00
  6. 55590.20
  7. 59500.00
  8. 65000.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin (BTCUSD) Sun, 24 Mar 2024
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