BTCEUR breaking out or heavy pullback?Right now you cant really rely on indicators because its again very volatile. 4hr chart looks good but overbought bigtime. Daily seems ok so far, stoch rsi nice at 55.
What you think, breakout or breakdown?
BTCEUR trade ideas
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.
W-pattern for bitcoinW-pattern for bitcoin
My prediction : 50500
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BTCEUR 1hr possible short bounce?All indicators shows bearish so this could be again a short bounce in my opinion. Whats your thoughts?
(Im a noob, just 2 months started selfstudy ta/fa so be gentle with my thoughts ;)
Bearish pennant breaks out to the upsideBearish pennant breaks out to the upside
My prediction : 48127 or 48685 euro
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Bearish pennant for bitcoinBearish pennant for bitcoin
If we break to the downside : 44747 euro
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Huge parabolic curve setup today!We see the start of a huge parabolic to push out to the next top before we see another big correction. We hit about 43000euro or 51000 usd before we start to move up again.
Same patterns almostBreaking up the pattern with out the pump of tesla and media promoting it, we can see most of the patterns is similar, so next few days can expect how bitcoin would move
Good plan to short and to wait for a rebuy opportunity!Let's see if Lagarde and ECB speech put some pressure on the sell side for now. We may also see a side movement for some time, if it can hold the 30k price.
Just a curious guy opinion and not a financial advice.
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.
Bitcoin drops because whales were selling !The whales were selling. That's why we drop !
Bitcoin went to the 0.65 Fibonacci line.
Now we are going up again.
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BTCEUR H1 (cumulative chaos)To buy now is still above the separation zone , but if it breaks through the specified area, it will be sold......Please follow up my friends
€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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BTC could reach €50,000 Euros as predicted in the next 48 hours.Just a quick followup on a previous chart which shows velocity has stayed constant since the recent dip and €50k is incoming. Support line is getting squeezed BTC about to break this.
Cup & handle for bitcoinEach moment we gone a break to the upside. The only thing we need is volume.
My price prediction is 57300 !!!!!
20 % move to the upside.
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Curving out to new heightsNo need to panic when bitcoin moving down a little its been making parabolic moves and slowly approaching move bigger and steeper ones. And go to fly up soon!
Update BTCEUR ExperimentThese two pings are interesting. It doesn't mean that price won't visit 30+K, but it does mean that BTC's finding it's price structure.
Pls zoom out for reference.
