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BTCEUR trade ideas

BTC/EUR chart shaping a downward triangleBTC/EUR chart currently seems bearish; it looks like a downward triangle with 2 highs and 2 lows. Nevertheless, we might need to wait for the third pair of high/low as confirmation. My guess is that BTC/EUR will offer us better prices to buy soon. The support is strong at €37000 ($44850). Elon's purchase pushed the BTC price up to around this support level. Despite this looking like a downward triangle, I must point out that the volume at bottom is diminishing, so that might signal a trend reversal to the upside. I am still a bull and believe that we will still witness the expansion of BTC after this correction. Thus, I haven't flagged this idea as "Long" or "Short".
by vmedicaviola
Even Cathie Wood is bullish on Bitcoin! Replacement for bonds? Cathie Wood just stated she thinks $BTC will take the place of the new 60/40 (bonds) !! “You think about the traditional 60/40 stock-bond portfolio, but look what’s happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What’s next? We think crypto could be the solution,” said Wood, who’s the founder and CEO of a family of exchange-traded funds based on disruptive technologies. Read the full article on Marketwatch (Can't post the link here) please like, I would like to join the chatrooms and need reputation <3
Long
by Oc34nM4ster
Not out of the danger zone just yetHello beautiful person! Oh how long it has been since last posting in here, and I am sorry for this late post. It truly has been a very interesting month, and with this correction? It is a strong theory that the correction we experienced this week was manufactured by or by someone in F2Pool. This was evidence due to onchain analysis of wallet addresses and the speculation is that they wanted to earn money from shorting and selling and buying less expensive BTC on the way in again. However, this is speculation, but there are now people that have placed alerts on certain addresses from F2Pool so they are aware of next move from them. Just wanted to pop in here and give you my next 5 cents that this correction might not be over just yet, so be careful with your trades. There is not much volume seen in the market just now, so the bounce might be a "dead cat" even though the ALT market seem to be green. Just a word of caution. For myself, I have loaded up some more FIAT that is ready on the side line, if we do get more correction As you can see from the trend line that I had drawn previously, it is absolutely still valid. If this holds, we are still in a strong uptrend. As always, be safe out there and happy trading.
by egilagre
Bitcoin no longer finds support at the 100 daily MA, but it... First of all, these corrections are incredibly important and healthy for the overall trend. Without them it would've been over already. I'm happy it happened, I was getting worried about the overly parabolic nature of this bullpen. I'm on the sidelines for the moment waiting to get back on the BTC train. This is my chance it seems. Fingers crossed. WHAT I HAVE NOTICED: - Before this bull run: BTC corrections would find support at the 100 Daily MA. Almost all of them. - NOW: I found that currently on both the USD and EUR Bitcoin charts, most corrections end at the level of the 50 Daily MA. The most important thing! Use Fibonacci Retracement tool. They almost always stop at the golden ratio level of 0.618 from the last big move. I expect 40.5k because of the confluence of the 0.618 fib and the 50 MA. Additionally, the corresponding level of the previous cycle also retraced to just below its previous significant (followed by a nasty correction) ATH. TREAT THIS INFORMATION CRITICALLY. I'm no expert on this.
Short
by MiketheN00B
1