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.
BTCEUR trade ideas
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
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.
Bitcoin next days uptrend incoming?First analysis, please feel free to comment and critique my idea for prosperous discussions and maybe I can learn sth. from you.
I would suspect Bitcoin to break the current downtrend in the next hours. The current correction following the 33814 high and the 32885 high just hit the lower trend support and the 0.5 to 0.38 Fib retracement where BTC found support. At least bitcoin will test 32100 in the next hours.
However, following Fib Time Zone 1 we may see an immediate breakout to newer highs, testing the 33800 resistance and maybe taking it in the next two to three days. After a retest of the 33100 to 38000 support zone, it's possible to see a new all-time high at Fib Time Zones 5, where Fib Time Zone 1 and 2 nearly matches.
Either wayHello wonderful person!
Just wanted to pop in late this sunday and give my 5 cents.
Currently, I really cant see any strong indicating a move to either directions and the overall market seems to be unsure to me.
Therefore, my strategy now is to just hold a little bit more to see.
Since the BTC might seem to be less volatile now, maybe it is ALT-season soon?
Happy trading all, and be safe!
Technical Analysis BTC/EURAfter a correction phase of 20-25% , the market climb up and is dropped down again towards a support level.
As you can see we are having a ascending triangle in which the market will possibly breakout from and hits to the barrier of the resistance level of 34300 EUR from the ATH .
EMA 200/50:
Looking at the EMA of 200/50 it still confirms the upwards trend we are in ⬆️
RSI:
We are seeing a decrease of the RSI since 8th of January.( explains the drop in the market )
With currently having a RSI of 57 we still have a more buying power in the market but is not solid enough for a big push.
We still seeing a upwards trend, it’s just waiting for the market to breakout and push trough the resistance level and create a new ATH🔥
Please let me know what you think of my technical analysis and feel free to like or share your thoughts🙌🏼👨🏼💻
Technical Analysis BTC/EUR by NvDAfter a correction phase of 20-25% , we now are moving towards the resistance level of 34300 EUR from the ATH .
Looking at the EMA of 200/50 it confirms the upwards trend we are in ⬆️
Looking to the RSI the market buying more then it’s selling which gives a good indication along with the other indicators that we are in a upwards trend.
Now we know know we are going upwards , it’s just waiting for the market to push trough the resistance level en create a new ATH🔥
Please let me know what you think of my technical analysis and feel free to share your thoughts🙌🏼👨🏼💻