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BTCEUR trade ideas

BTCEUR - short term prediction - Weekly updateBTC stays bullish and confirm my prediction of last week. We are seeing higher highs and higher lows to signify a growth in the price even if not at the fast pace at which BTC have made us accustomed to in the last months. This almost sideways trading is good to create a strong support level in the range 41 to 43 thousands. the next resistance appear to be around 44/45K but should be easily achievable if the sell off have really stopped as it seems. overall the upward trend is continuing and we will see soon BTC at 50K EUR.
Long
by BurningStacks
Limbo action on BTCHello wonderful person! I have added my thoughts into the chart, hoping this will be quicker to read and understand than a wall of text. Just some pointers are that the first Fib retracement is added from the very start of this first upward price action (First trend). The second fib is actually a Fib trend extension that measures from the first correction and up to the top afterwards, and then to the 2nd correction. I will use this one to spot new resistant lines and support, but compare with the first fib retracement. Stay safe and good luck trading!
by egilagre
China mining ban announcement by April - Bitcoin surges 9% China's Inner Mongolia will end all cryptocurrency mining projects and stop reviewing new projects in industries which consume large amounts of energy, as it attempts to meet energy efficiency targets. All cryptocrurrency mining projects - which require huge amounts of computing power and hence use large amounts of energy - will be shut down by the end of April this year. Inner Mongolia is an attractive "mining" spot alongside Sichuan and Xinjiang due to low electricity prices. The region accounted for 8% of bitcoin mining computing power worldwide, China overall, accounted for 65% of the total!!!!
Long
by Oc34nM4ster