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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 5517791 pip (565%)
Closed trade(s): 1778921 pip Profit (182%)
Open trade(s): 3738870 pip Profit (383%)

Trade Setup:
We opened 7 BUY trade(s) @ 9766.73 based on 'Valley' entry method at 2020.10.12.

Closed Profit:
TP1 @ 9875.19 touched at 2020.10.15 with 10846 pip Profit (1%).
TP2 @ 10534.48 touched at 2020.10.21 with 76775 pip Profit (8%).
TP3 @ 11999.92 touched at 2020.10.31 with 223319 pip Profit (23%).
TP4 @ 13000.00 touched at 2020.11.05 with 323327 pip Profit (33%).
TP5 @ 14200.00 touched at 2020.11.16 with 443327 pip Profit (45%).
TP6 @ 16780.00 touched at 2020.12.16 with 701327 pip Profit (72%).
10846 (1%) + 76775 (8%) + 223319 (23%) + 323327 (33%) + 443327 (45%) + 701327 (72%) = 1778921 pip (182%)

Open Profit:
Profit for one trade is 47155.43(current price) - 9766.73(open price) = 3738870 pip (383%)
1 trade(s) still open, therefore total profit for open trade(s) is 3738870 (383%) x 1 = 3738870 pip (383%)

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 33304.45 is broken, we will close open trades.
DateMay 2, 2021 - 22:26
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 33304.45, resumption of uptrend is expected.
  • We make sure when the resistance at 54297.00 breaks.
  • If the support at 33304.45 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 33304.45 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • While the RSI support #2 at 31 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 39000.00 on 04/25/2021, so more gains to resistance(s) 50900.00 and maximum to Major Resistance (54297.00) 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 52.

Take Profits:

  1. 37568.90
  2. 40000.00
  3. 42624.70
  4. 46831.20
  5. 50900.00
  6. 59252.30
  7. 69400.15
  8. 80000.00
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
History
Daily-Trading-Opportunities on BTCEUR.