BTCEUR trade ideas
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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BTC Likely outcome.COINBASE:BTCEUR
This is my view on what can we expect with BTC price in this bull cycle. Will see it soon together haha. History tends to repeat itself in this market as it does anywhere else. You should know that i am not a financial advisor so i could still be wrong.
Express your idea in the comments below.
Wish you successful investment to you all.
20/01/2021 Next movement of BTC Part 3 - ResultsFinally, the pressure from the bears has caused the btc to break below the last low of the symmetric triangle, creating a small collapse of -5.5%.
Will the value fall further? Who knows…
The 28'5k support has been shown to be very strong.
During the last week the support has been holding falls of almost 13%, 8% and 7%. This doesn't mean much, but it does give the bullish confidence that encourages them to keep holding.
Looking ahead to January 20 and 21 we will see how it develops, the EMA is indicating a bear market and in my opinion a descending triangle is being created, but we need to see if its construction continues during the next day/s .
Thanks and have a good day. =)
19/01/2021 Next movement of BTC Part 2the market still doesn’t know where to go… Long? Short?
the symmetrical triangle keeps getting narrower.
Let's see what happens when the price is forced to hit the resistance of 31’2k€ or the value goes beyond the last minimum of the symmetric triangle
Be ready…
**this is the continuation of my previous post**
19/01/2021 Next movement of BTCHello everybody,
It is a pleasure to be part of this community. I want to contribute my analysis.
It seems that we are in a moment of uncertainty, the market has not just positioned itself on whether the value is going to increase or depreciate, also we can see it in the EMA. That is why we find a timid uptrend.
Yesterday we could see how the support at € 29.5k stoically withstood the strong pressure of the bear market, this has given rise to the confidence of the bulls and to the creation of a symmetrical triangle.
The interesting thing comes with this symmetrical triangle that could be the prelude to the final decision of where the value of BTC is going to go. If in a big correction in value or hitting the all-time high like ETH just did today.
Everything will depend on where the value breaks if up or down.
Depending on how your (reader) finds you, you should be attentive to the following events in order to take advantage of the next move.
Thanks for your time,
Montyshaa.
