BTCEUR trade ideas
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.
cup & handle for bitcoincup & handle for bitcoin
My price prediction : 57700 !!!!!!
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Tendlines hold and rested, next weekHello wonderful person!
Seems that the trendlines and resitant line was retested, and we are moving into the weekend soon; and usually weekends are slow and downward actions.
Therefore, If the price do not breakout above resistant line by today or tomorrow, we might not have a breakout until next week.
My current portfolio spread is rebalanced to 60% BTC + Ether, 40% high risk ALT coins (generally DeFi and NFT).
I am tempted to rebalance this to 80% BTC + Eth, dependent on how this run will go for this week.
As usual, stay safe out there and good luck trading!
BTC IN CUP AND HANDLE AND ASCENDING TRIANGLEbtc is potentially in a cup and handle and therefore in a ascending triangle too with a target of 61k euros
bitcoin rising wedgebitcoin is in a rising wedge which will break august 23rd. That is the date which most of people believe will be the end of the bull market...
The way is up! No bearish signals so far.BTC/EUR looks bullish. Nice cloud forming as we speak and BTC found its support besides the great growth today. I expect BTC to hit 58K USD very soon and will analyze the next support line then.
Bitcoin in lower end of bandwith, testing now!Bitcoin is approaching the lower end of the bandwith and we will soon see whether it will head bullish or bearish. Bearish would mean a possible big correction, bullish means we are ready to test the 58K level.
Looking strong, but....Hello and good morning, wonderful person!
I have something to admit, and that is that I had a trend line on my previous chart that was wrong.
Wrong in the sense that it was mis-copied from my chart that I normally work and trade from.
I have added the correct one now, that matches 100% the one I am using on my other charts, and deeply sorry for that.
Changes:
- Corrected the trendline
- Added new resistant line based from fib and retesting from price actions.
- Removed clutter and old lines.
Small summary:
- Regardless of any indicator, news and rest of the market in finance are still in large affect, so stay updated with real-news
- Price have break the old trend line that I added, which is previous bull run trend line.
- The new upper resistant has been tested and is strong. Expect a rejection on first attempt
- If rejected, most likely hit back to the trendline in gold. (the one I corrected), and follow upwards to resistant line again.
- ALT-coins have shown a tremendous strength and proven it is ALT-season (NFT & De-Fi), but this might might change when BTC get really strong momentum.
Be safe out there and happy trading, and dont forget to do your own due diligence before trading.
Because, non of what I am writing are financial advice, just how I view the market and trends.
Inverse head & shoulder for bitcoin. I was right.If we break the green line to the upside bitcoin can go to 49700
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BTCEUR to outperform BTCUSDMy exchange allows me to trade Bitcoin x5 in USD or Euro's. This chart shows the relationship between BTCEUR divided by BTCUSD to account for the moves in the fiat. My take is that I'm better of longing BTC in Euros for now. The Dollar index is reversing a year long downtrend that may force foreign currency holders to pile into USD to protect their wealth. In the Aughts the Dollar Index went to 120 and in the 80s it was as high as 130. The Euro has show some strength against the Dollar, as the Volatility Stop flipped a couple of times in the last year, but that's damning with faint praise. There is also a possibility that when BTC decides to S the bed it will do so more violently in USD, making the Euro denomination easier to trade.
Is this the beginning of new Bull-rush?Hello wonderful person!
I have left the previous chart more or less untouched, just moved the boxes in order to see the chart better.
Also just added a new text box along with a possible new trend line.
Stay safe out there and happy trading, and do not overextend your positions.
Bounce or crashAt 40800 - 40500 we either get a bounce and that be last time we will see this low prices or it crashes down.
If it dips under it we can expect a crashing more over several days to hit its correction.
