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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (4966.90 to 4682.25). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (4966.90)
    • Resistance on 09/02/2017
  • Ending of entry zone (4682.25)
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
    • Resistance on 09/03/2017

DateOctober 15, 2017 - 20:37
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 70.

Take Profits:

  1. 5797.30
  2. 6100.00
Click on the level to view price action history.

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