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BTCEUR trade ideas

BTC: Obstacle ahead....will go throughAlright, so the ultimate target is 125000€, but before that, BTC has a challenge to overcome. We're in the final wave of a cycle started in 2011 (I know, this Kraken data goes back to 2013, check Bitstamp) and there still is room to rise. However, this summer should see a chaotic time with a drop from an expected top at 66700€ down to a first support at 38000€. A word of warning on this expected obstacle: - wave 2 of (3) was shallow...so wave 4 of (3) could be deep and that leads to an intermediate trough at 29000€ minimum. Humm, I don't like it, don't want to believe in it! Anyhow, current trend is in a wave 3 of (3) of so higher highs are expected towards the end of 2021. wave (4) of is expected by mid-August.
Long
by djahma
# Bitcoin exhaustion towards 66700€## BTC is currently in a wave 5 of (3) of ...meaning: it's got room to rise in the mid term. (see my weekly chart) - But for this daily chart, most indicators scream "I'm tired": 1. Look at this volume trending lower with the trend 2. Look at this momentum not taking off (I dont care whether you look at PriceRateOfChange, RSI or MACD...they all convey the same momentum message: "Exhaustion", "I'm tired, let me rest") 3. Or the price itself shaping up in an ascending triangle. - However there's hope 1. If you are new to the crypto game, hop in fast to get a share of the current push towards 66700€, or wait for August bottom (ref: weekly chart) 2. If you are a 2013 veteran, stay in. Yes, this summer will be red, you could sell 20% of your position, but you will be gifted for Christmas, hold on just a few more months (ref: weekly chart)
Long
by djahma
A whacky idea based on the Coinbase IPOGoing all out here with a whacky prediction. I believe the Coinbase IPO is going to send shockwaves through the financial markets and may even break a new record for a new company listing, if this does turn out to be the spectacle we all hope for, expect a Tesla candle pushing us to €53k with a small push down for those hoping to short only for the bears to be pushed out the way with a price going straight up to €55k ATH. Its a crazy idea but I am having fun, I think the market will be calm over the weekend in anticipation. Good luck to all BTC family :)
Long
by TobesVibration
1
BTC - Kevin C. BestHi traders, 2 scenarios: 1 - Ascending Triangle that could retrace to 47500 before an uptrend price action is performed 2- Ascending Triangle bring a momentum uptrend breaking the resistance levels I am more of the 2nd scenario; because we identify a ascending Triangle pattern and a bullish expanding triangle. Which might give a neutral sentiment either uptrend or downtrend, however price action are for me conditioned to continue breaking the resistance at 50800 EUR per BTC. Like if you agree, comment if you have feedback Regards and take care, Kevin C. Best
Long
by UnknownUnicorn12149241
Analysis Bitcoin - Euro on DailyBitcoin - Euro Daily On weekly: Uptrend by Ichimoku confirmations: SSA up, TS, KS up and Chiko above Candles. On Daily: Ranging by Ichimoku confirmations: SSA and SSB flat, KS flat. Chiko touching the candles. Price is moving in P-wave; Higher lows into resistance. Im waiting for Chiko above candles, KS and SSB up for buy. Bullish scenario: Price breaks p-wave to upside. price can go to 62726 euro. Bearish scenario: Price breaks p-wave to downside. Price can go to previous support on: 42776 euro.
by Galactus2000
Small move up and then a small correctionHello wonderful person, I have just come home after a well rested Easter holiday, so this article will be shorter than usual and I have added most thoughts into the chart. Previous prediction of drawn movement was not that off, and that was quite pleasing (The light blue drawing on top). Final thoughts are that I think BTC will still move sideways with small inclination and hug the bottom trend line, only to perform a new small correction (see chart text). Oh, and if you had hedged BTC with adding some ALT into your portoflio, congrats! You would have had some nice gains when BTC was sideways. As always, be safe- trade safe- and happy trading!
Long
by egilagre
1
Interesting fact: 5 waves formedFun facts: 5 waves is formed on BTCEUR pair but not on BTCUSD on this BTCEUR chart, major point (1) and point (4) is not intersect, which is a valid elliott waves. However, the case is different on BTCUSDT pair. The point (4) is dipping below point (1) and so it is invalid. Anyway, BTC seems exhausted at the moment, it failed to break ATH 61800 whereas others cryptocurrency broke its records. Congratulation for ETH hodlers, the value of ETH will not be limited to 2100USD ONLY. UPDATE We're now testing the EMA Ribbon lines again. Let's be patient and wait for the next few block of candlesticks for a buy/sell confirmation.
by spencerlim88
2