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.
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.
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.