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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (18765.00 to 16780.00). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 9298.215, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 9298.215 and expect to reach short-term targets.

  • Beginning of entry zone (18765.00)
  • Ending of entry zone (16780.00)

DateNovember 5, 2022 - 13:35
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 16780.00, beginning of uptrend is expected.
  • We make sure when the resistance at 24594.55 breaks.
  • If the support at 16780.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 19201.00 on 10/21/2022, so more gains to resistance(s) 21980.00 and maximum to Major Resistance (24594.55) 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 68.

Take Profits:

  1. 21980.00
  2. 24594.55
  3. 26211.00
  4. 30250.00
  5. 35463.57
  6. 40892.35
  7. 43937.95
  8. 49580.76
  9. 54542.72
  10. 59744.45
  11. 65000.00
  12. 70000.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) Sun, 24 Mar 2024
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Bitcoin / Euro (BTCEUR) Sun, 3 Mar 2024
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