BTCEUR trade ideas
Now the stochastic RSI shall break to the upside again !!!!!!Stochastic RSI on the weekly timeframe for bitcoin :
Every time the stoch RSI get above the 20 bitcoin get a strong bounce to the upside.
Now the stochastic RSI shall break to the upside again !!!!!!
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Update BTCEUR Experiment - Zooming outWave pattern randomly-but-not-really-randomly applied, starting exactly one year ago. I just try to feel it. And because the pink waves just made a ping, I'm putting my trust in Plan B. Indicated targets are for the coming wave, although I would be very surprised if we actually go to 160K EUR.
Supports for the next big BTC correctionSo last few days dropping down could be seen as test where the support line would be, so that about 45000euro and did not fall down further and next big dip would also not fall beyond that. The timing of the next dip really depends how fast we are going to hit that red line, but most 25 days upwards trend happened for the last two dips, most likely this time would be the same and see the start of the dip happening on March 25th and lowest it could drop be 45000euro which is around 54370usd.
Big sell-off - What is going on? What will happen?Well lads, as you can see we have a low high in the MACD and and higher high in our daily chart. That's a bearish signal.
RSI is also high. And there's also the big sell-off that happened just a week ago - we've been climbing slowly in price but low in volume.
Big institutions are doing a big play here. I have a subcription in a website that allows me to analyze where is bitcoin going from and to, and how much, and there's a lot of low of small transactions going out to store wallets, but there's huge ammounts of BTC comming in from cold storage wallets into big exchanges such as Binance and Huobi.
Which means, it's cashout time for a few big whales.
(Either that or everyone buying "small" is able to eat through the order book's wall of china)
I believe what's going to determine bitcoin price is if the candle closes below 8 Moving Average. If it does close below that line (or the 21 MA), we might be in for a ride down to touch the yellow line (50 MA) which coincidently matches a fibbonaci level.
If on the other hand we rebound back, price will go to some crazy ass number that defies all natural laws, fibonacci lords, RSI masters and MACD demons.
€52000 in the next 48 hours?Just posting my thoughts on the next 48 hours, €50k now seems to be the lower resistance line, so with luck, we continue the trend at the same velocity, a little drop and then small curve incoming to €52000 in the next 48 hours. Im a newb and posting for fun, fingers crossed :)
Bold prediction in BTC hitting €60,000 in and around 21st MarchFollowing the trend line is by no means a genius task, I am a newb and having some fun, however, it was a bit lucky but also quite obvious, the last prediction was on target exactly when we hit 50K, so let's continue following the velocity trend. Get ready to increase another 20% in 10 days time.
I changed the cup & handle for bitcoin a little bit.I changed the cup & handle for bitcoin a little bit.
My new prediction is : 61000 !!!!!!!!!
Take profit for the most at 1.618 Fibonacci line : 56303 euro.
Let ride the rest to : 61000 euro
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