BTCEUR trade ideas
Bitcoin 1hr chart Price channel Looks like the current trand is following Elliot wave theory. We are in a move on the leg (a) direction.
Don't be spooked by the current trajectory and the media.
Not financial advice, just technical analysis on the current hype in the media.
Potential Head & Shoulders formationFrom the 4hr chart a very nice RHS formation is in play, if the formation is completed , it is a Head & Shoulders chart .
I personally want to see it rejected in the near future.
H&S are great when going up but you can loose your shirt coming down if not managed well
Bitcoin predition - Next moveThis is for my personal records, it is not financial advice.
This chart plots what I think is happening next in the 2020-2024 Bitcoin cycle.
We have just finished the first correction since the All Time High( ATH ) was broken towards the end of 2020.
The first real pullback has occurred (Heskin candles).
Wit hthat level of detail , we can now draw the Fib trend onto the chart to gauge the ratios.
This is what I think they are.
BTCEUR - Pre Halving lookahead potentialThis chart is for my records and should not be considered financial advice by any readers.
The prediction is solely based on Fibonacci (% values) plotted over the 2016- 2020 cycle.
For each period Hi to Lo the return to 0.23 is common.
Coming to the 2020 halving cycle close , I am predicting in or about €6,620 ish as a lo mean value post halving for the 2016/20 cycle.
The trend was upward for the 1st 18mths followed by 30 mths of down trend for the 2016-20 cycle.
BTC's ascending triangle, more upsideBTC continues to build bullish patterns after bullish patterns and providing great entry set ups. This time it's an ascending triangle after the bull flag I mention in my last idea.
After breakout, it's now on its way to test the triangle's resistance, as support. I expect more upside, even though RSI on monthly and weekly charts remains in overbought territory.
What do you think we are going?
BTC hourly chart, printing a nice signal BTC hourly has shown a Bull Flag signal and is currently breaking out of its ascending triangle.
Short term price remains strong to the upside.
I have two targets (1 & 2) showing the measured moves to the upside.
So hopefully this week will be a good week for BTC
Not financial advice, its my reading of the chart pattern playing out
What Goes Up Must Come DownHow deep do you think the correction will go?
Just my private opinion, no financial advice!
Testing short term resistance? A beginner's ideaHi all,
I'm a beginner and just sharing this idea as a personal journal so please feel free to disregard this as irrelevant.
CLOSING MY LONG HERECLOSING MY LONG HERE.
IF RESISTANCE GET BRUTALLY BROKEN WITH A STRONG MOVEMENT I WILL RE ENTER THE MARKET WITH A LONG
BULLISH BREAKOUTTHE PRICE BROKE UP THE CHANNEL WHERE
IT WAS MOVING THE LAST TWO DAYS,
RESISTANCE BECAME SUPPORT:
TIME TO GO LONG
BTC/EUR, where to buy the dip?Please Support this Idea with LIKE if it is Useful....
BITCOIN/EURO
The price is following an ascending structure, price is in strong momentum so price may continue moving higher without a pullback, but we can't enter in the Impulse we have to wait for a correction to enter, If price makes a correction/pullback and holds above the support I expect the price to move higher.
