Newb prediction: €60k Euros ATH within two weeks.Is there a trend in the correction? During the two previous events where BTC hovered at a support level, both events lasted approximately 7 days and then BTC took off for another run, if there is a pattern we may see one more day with BTC struggling to get past the resistance level of €50k euros but by the 23rd March with luck BTC may return to recent velocity and potentially hitting a new world breaking ATH of €60k euros before mid April.
BTCEUR trade ideas
Bitcoin is in a symmetrical triangleBitcoin is in a symmetrical triangle
Bitcoin bounce down to the 0.65 Fibonacci line.
And now we are bouncing up again.
It's holding at the yellow trendline.
Maybe we still go down to the 1.618 Fibonacci line. We shall see.
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Big dip at 58000 euroHere is what I think will play out when the next big correction happens, which still looks like will happen on march 25th. If it gonna play out similar to the previous big correction. We now will have a slow run up to the march 25th if no bigger update or news happen that cause bitcoin to hit the crash line earlier we will still expect 25th be the day we see the big dip. The last few days of lows we could see where most of the support lines are and combining with some of the data of the previous run I think this be a possible scenario.
25th of March we will hit 58000 euro and start the decent down
26th due to contracts ending speed of fall increases
27th hit bottom at 49000 - 48000euro
28th we will get a small recover going up after people buying back after hitting bottom
29th Hit next bottom of 47000-46000
30th start rise because next day many crypto have updates on 31st
31st and 1 april be going up and depending how fast we go up we could see the start of next run up or if not will will go down
2nd April if still going down hit 46000 before going up again, to start the next run up to April 27 and hit 68000
I personally set a limit sell a alarm at 57000 and also a limit sell at 57900, after that I suggest keep eye on bookings list and depth to see where most bookings for it to dip down to.
Extra tip Never be too greedy when setting your limit for buy or sale, if you set at precisely with large volume of booking there are chance you might only get a partial sell so I alway set the slightly lower to make sure it get sold and set buy limit slightly higher to make sure have a buy also.
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.