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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR
Trade Setup

#BTCEUR
Total Profit: -10027720 point (-270%)
Closed trade(s): 0 point Profit
Open trade(s): -10027720 point Profit

Trade Setup:
We opened 10 BUY trades @ 37757.49 based on 'Valley' entry method at 2022-04-25.

Open Profit:
Profit for one BUY trade is 27729.77(current price) - 37757.49(open price) = -1002772 point (-27%)
10 trade(s) still open, therefore total profit for open trade(s) is -1002772 (-27%) x 10 = -10027720 point (-270%)

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 4, 2022 - 09:42
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 22819.80, beginning of uptrend is expected.
  • We make sure when the resistance at 43937.95 breaks.
  • If the support at 22819.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • The RSI bounced from the resistance #2 at 50 and it prevented price from more gains.
  • A peak is formed in daily chart at 30189.85 on 05/31/2022, so more losses to support(s) 26211.75, 24220.00 and minimum to Major Support (22819.80) 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 43.

Take Profits:

  1. 39480.00
  2. 40892.35
  3. 43937.95
  4. 46010.55
  5. 49580.76
  6. 54542.72
  7. 59744.45
  8. 65000.00
  9. 70000.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) Sun, 14 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 7 Apr 2024
Bitcoin / Euro (BTCEUR) Sun, 31 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 24 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 17 Mar 2024