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Weekly forecast Bitcoin / Euro technical chart
Symbol BTCEUR

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Trade Setup

#BTCEUR
Total Profit: 352983 pip (11%)
Closed trade(s): 352983 pip Profit (11%)
Open trade(s): 0 pip Profit (0%)

Trade Setup:
We opened 10 BUY trade(s) @ 30735.66 based on 'Valley' entry method at 2021.06.09.

Closed Profit:
TP1 @ 31697.15 touched at 2021.06.13 with 96149 pip Profit (3%).
TP2 @ 33304.00 touched at 2021.06.14 with 256834 pip Profit (8%).
96149 (3%) + 256834 (8%) = 352983 pip (11%)

8 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

Price is in the Trend Hunter Buy Zone (27629.35 to 23569.00).

While the price is below the level 9298.215, the probability of resumption 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 (27629.35)
    • Support on 01/10/2021
    • Support on 01/11/2021
    • Support on 01/12/2021
    • Support on 01/13/2021
    • Support on 01/20/2021
    • Resistance on 01/22/2021
    • Resistance on 01/23/2021
    • Resistance on 01/25/2021
    • Resistance on 01/28/2021
    • Support on 02/02/2021
    • Support on 05/19/2021
    • Support on 05/21/2021
    • Support on 05/23/2021
    • Support on 05/29/2021
    • Support on 05/30/2021
    • Support on 06/07/2021
  • Ending of entry zone (23569.00)
    • Support on 01/04/2021
    • Support on 01/22/2021
    • Support on 05/19/2021

DateJune 21, 2021 - 20:52
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 23569.00, resumption of uptrend is expected.
  • We make sure when the resistance at 39000.00 breaks.
  • If the support at 23569.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 34116.50 on 06/15/2021, so more losses minimum to Major Support (23569.00) 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 37.

Take Profits:

  1. 31697.15
  2. 33304.00
  3. 36095.25
  4. 39000.00
  5. 42624.00
  6. 45865.00
  7. 48265.70
  8. 50900.00
  9. 54297.00
Click on the level to view price action history.

Symbol Released Current Forecast
Bitcoin / Euro (BTCEUR) Sun, 24 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 17 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 10 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 3 Mar 2024
Bitcoin / Euro (BTCEUR) Sun, 25 Feb 2024