BTCEUR
BTCEUR shortBouncing against lower channel and MA 20.. Bearish divergence ..Price under 50 rsi ..Target next strong support ..
Be careful - Wait for next bottom (long VIX?)Hi folks!
I think we are in a macroeconomic state that suggest extreme caution with ones investments, so I would personally rather stack up on something like VIX futures than anything else these days - se the linked post on my macro take).
Note that the big stock indexes (Sp500, Nasdaq, Dow, Nikkei, DAX etc.) also have horrible technicals right now.
However, there might be decent trading opportunities in volatile assets, and we have seen time and time again that the trigger for trend reversal is a strong bullish divergence at the second big bottom on the 30m/1h on BTCUSD. If we see this now, it might also be a decent time to start a DCA again for People Who sold in time.
Be careful!
Never take the word of others as a given.
I wish you all well :)
DYOR.NFA.
BTC best buy pointLog growth suggest the best buy point is at .618
This price is around 22,100
I would wait until here to enter if you are a day trader if going long just buy and hodl
Wedge Breakout with S/R flip and Fibonacci confluence The wedge has finally broken out and has created a retest and seems to be coming down crushing, hopefully it keeps going down. The support which was broken yesterday has now turned to a resistance and price bounced off the 50% Fibonacci level. The traders dynamic index has also provided extra confluence with the the green line going below the yellow market baseline. I can finally say all my conditions for this trade are met. Fingers crossed its a win.
BTCEUR Triangle BreakoutFacing a neutral triangle we are all quite afraid of a possible Bear market in the making. But should we really be fearful?
$BTC - BULL CASE - $250K END OF BULL CYCLE - HISTORY REPEATSIn 2020, did Flash Crash to ~$4K and went parabolic to ~$65k
In 2021, did Flash Crash to ~$29K and again will go parabolic to ~$250k
Based on History of Bitcoin chart, when it does double top on Monthly RSI that indicated Bear Market
Now, we hit one Top and the other Top Yet to come declare Bear Market
Will 35k Turn Into resistance? Find out NowWe have our key levels set and price is currently using them as support (not resistance) so be careful shorting into this right now.
Waiting for break below resistance before bearish again.
NTS.
BTC - Small lateralization, temporary upward movement?BTC is making a lateralization, in case it is broken to the upside we will be able to observe an upward movement as the following to complete a triangle.
MEASURE YOUR RISK! The loss you assume in case of failure should NEVER exceed 2% of your total capital. NEVER. We invite you to share your vision in the comments. Thank you
BTC Wyckoff (Re-)Accumulation?This begins to look like re-accumulation - still unconfirmed, but looks pretty strangely like what we had after Jan. 08th this year. Until this is confirmed (significant break above $42k - like in the bar shadow from Jan.) we must assume we are still in Phase E of the previous distribution trend - we can however assume that the resistance at $42k will be much more fierce this time.
To be updated.
Options expiration Friday 28.May (buy <25k, sell >36k )Fridays(option expiration): Its not every month it goes down.
Seems to correlate with the trend.
When negative trend > it has cone only 10-20% down.
So max down is -20% around expiration day (since 2-3 years).
Exceptions below.
Looks like the 25kEUR level can be touched
(in May, latest 11.June)
-> worse case 18kEUR
(that is -40% from this moment)
-> reversion next level 36-37kEUR
... 15kEUR will not go there,
Exceptions (continue downtrend vs. reversion)
- Mar2020
- Sep2019
- Dec2018
- May/Jul2018
- Dec2017
(crash, Jan18 dropped -40% in 30days)
What you think?
BTC to 40k€ ?25 April BTC was all time high , then BTC price drop down from 54k€ to 39k€ in few days ( 14 April to 25 April ) for too many reasons like ( decrease hash rate , weak hands , bad news , Elon effect , China decisions and so on )
in 26 of April BTC price start going up again before it starts to crash down in 9th of May
12 May a head and shoulders was confirmed 40% crash down was expected and it happened in few days ( 12 May to 19 May we were in the downtrend )
21-22 of May a left shoulder
23 Of may we see the head
25 was the right shoulder confirmed
are we going to 40k€ soon!
Bitcoin pop and drop coming soon!Bitcoin is about to pop slightly higher maybe to 44k and then crash hard.
The sp500 is also going to crash over the next couple of weeks.
Oil is also going to crash.
Something big is coming, get excited :)
BTC - We are in the dangerous zoneBTC is in a very dangerous definition zone. A drop of more than 10% can be expected.
MAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
Dash Vs. Bitcoin! Who takes the cake?I had posted in the recent past about the Price of Gold doubling in comparison to Bitcoin, which came to fruition within a month.
A similar scenario appears again in Dash vs. Bitcoin. Should I stay in BTC and wait for the break upwards? Or shall I move into Dash and wait for break downwards to get double the returns in BTC?
Who will win?
BTC possible scenario we will wait for more confirmation BTC we see the same flag again and again we will wait and see
