BTCEUR trade ideas
BTC testing Nov and Dec trend linesAlthough BTC is still inside the descending channel/bullish flag on the daily chart, it is now testing the November and December support trend lines. There is some divergence in smaller timeframes, though, so we may see some upside soon. It will be interesting to see what the next couple of days have for us.
For fun - Bull has strong legsOn a smaller time frame we see what looks like a double bottom.
I think we will see a retest of $33,000 and then back down below this bull. Time will tell
PUMP to 41kEUR/50kUSDSeems like we are inside a mega bullish flag.
Fine-tuned the TA posted previously on the Jan22.
Possible route to 41kEUR/50kUSD.
BTC/EUR (BTC/USD) Magnified repeating pattern?Hello everyone, this is no investing advice as I am no trader by any means.
It appears to me that a combination of apparent bearish and bulish head and shoulders patterns is forming on BTC/EUR (and BTC/USD) .
If finalized this will look like a magnified version of the already formed pattern and will result in a modification of the trend line inclination.
Unfortunatelly I cannot tell if this will end up being bullish or bearish, I am just trhowing an ideea here.
Cheers,
TR
BTC. I am learning wyckoff. Need help.Hi, i want to learn wyckoff. This is my first attempt. At first i tried doing accumulation analysis on 2H. Later saw that we have overbought on weekly RSI. Can someone clarify if were in distribution on bitcoin? What is right/wrong on the chart? Might post my distribution chart later if i get feedback. Thank you.
Bitcoin is in a rising channelBitcoin is in a rising channel
It can go to the upside or the downside.
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Symmetrical triangle for bitcoinSymmetrical triangle for bitcoin
We can go to up to 29400.
Or we can go down to 24000.
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Descending triangle for bitcoin.Descending triangle for bitcoin
We can go to 16500.
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BTC - bull flag on the daily chartIt looks like BTC is forming a bull flag on the daily chart, since hitting ATH on Jan 8th. There's a trend line acting as support since December 21st, and we're getting close to the confluence point between that trend line and the bull flag's support. I'll keep watching for now, and plan to add more if we get a breakout above the bull flag's resistance.
Inverse head & shoulder for bitcoin new updateNew update
It can go to 0.618 Fibonacci line.
That's 28300.
Not a lot of volume.
We have also the yellow trendline.
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Inverse head & shoulder for bitcoinInverse head & shoulder
Bitcoin can go to the 29500 line
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BULLISH FLAG to 41kEUR/50kUSDWe are still in a uptrend. Since March20.
Possible route to 41EUR/50kUSD.
Update BTCEUR ExperimentI'm usually wrong when I try do predict price action in a chart, but there you go.
ALT SEASON - When to expectCOINBASE:BTCEUR
If this happen to be the start of a deeper correction, we can expect that, after btc bounces off, alt season begins.
If all this happens btc will very likely reach to the top of a retracement level which takes us to between 55000€ ($66800) and 61000€ ($74000).
That is how it has happened in Oct. 2017, when, after btc finishes it's retest, alt season began. I am not a financial advisor so don't buy anythink i say. Wish you all successful investment.
BTC Price down over 11% vs EUR - Expect rebound at month endBTC price has dropped sharply in the past 24hrs and is down over 11% against the EUR.
Price has bounced off resistance at €25600 and shows strong support.
1. Options contracts worth around 101,000 Bitcoin expire on January 29. There are more bullish open interest (calls) in the options market than bearish ( puts).
2. World's leading asset manager BlackRock may soon add exposure to #Bitcoin futures which is a bullish sign.
Expect the price to rally again at month-end and break though trend line.
LONG
Break down of symmetrical triangle of bitcoinBreak down of symmetrical triangle.
We go down to 0.5 Fibonacci line.
We go to 18800 !!!!!!!
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