M-pattern for bitcoin and we did go down.M-pattern for bitcoin and we did go down.
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BTCEUR trade ideas
Bitcoin in maybe breaking the triangle !!!! We can go to 29400 !Bitcoin in maybe breaking the triangle !!!!
We can go to 29400 !!!!!!
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Ascending triangle we go up to 36800 line !!!!!Ascending triangle we go up to 36800 line !!!!!
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Bitcoin maybe shall go downOBV indicator shows it shall go down the same as before and the drop was 18,59 %.
If we drop the same as before, we go to 26512 line but I think we shall go down to the next support line and that's 24379 line.
We shall see what bitcoin shall do.
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Rising wedge maybe we are going down for bitcoinRising wedge maybe we are going down to the 24400 line.
It's also possible that we go sideways. We shall see.
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The percent if we drop from the top of bitcoinThe percent if we drop from the top of bitcoin.
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We are still going in the rising wedge bitcoinBitcoin is still going in the rising wedge. We had a drop but it is still in the wedge. We have a nother rising wedge normally it go's down. But with bitcoin you never now.
We had already rising wedge and everytime it go's up. Maybe between 35387 en 35745.
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BTC approaching 2017's RSI peak, still some room to push higherI've been focusing mostly on the daily chart and the 8-day and the 21-day MAs, but when we take a look at the monthly chart, we're still not at the peak RSI levels we've seen in 2017. At the very least, this suggests we've room to push higher in the short term.
I would like to see it cool off a bit, though, but every dip is being bought with strength, suggesting we can still go a lot higher in the short term.
btceur same rally like 2017 will end with same crush like 2017If this is similar rally like 2017 with parabolic grow, then it will end with similar parabolic crush with 18 Month Bear Market with prices as low as 10 000 and 5000.
btceur top would be if 200% gain happens in less than 40 days.This is not the top.
Previous top followed the 250% gain that happen during only 6 weeks.
The speed of acceleration is not yet at maximum like it was during the previous rally.
There would be a short 2 week -20% pullback soon, around about 38 000 € or c. $45 000.
But bigger dip with 40% would be 3 Months later in April.
And if real HODLer will hold and survive the -40% they will see biggest 250% gain to prices above 150 000 in May.
After that I expect the real long Bear Market for 360 Days like the whole 2018 to prices below 25 000€
Bitcoin go's maybe to 35745 levelTake a Fibonacci retracement from the high to the low you get 35745 line.
Maybe bitcoin go's to 3.618 Fibonacci level.
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We have a nother rising wedgeWe have a nother rising wedge normally it go's down. But with bitcoin you never now.
We had already rising wedge and everytime it go's up. Maybe to 35748.
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My prediction was almost perfectly 33000 line.My prediction was almost perfectly 33000 line.
Bounces of my trendline 29100 line.
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Rising wedge normally goes down but in a bull trend it can go upRising wedge goes normally down but in a bull trend it can go up.
If it go up I think maybe 33000 line.
If it go's down 24500 line.
RSI in weekly timeframe is 94 !!!! Very dangerous.
When we went to 16600 previous bull run we were at 90 in RSI and then we had the drop !!!!!!
Fear & greed index is 91 also dangerous.
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Moving Average 2020 strategy 18 / 36 Moving Average strategy
Could be used to capture momentum price action on a daily candlestick point of view.
Rules: When the 18MA is Below de 36MA and cross the 36 line upward (meaning that now the 18MA is above the 36MA) the algo will take a long position. Whenever the opposite happens the algo stop his long position and open a short position until we cross again And repeat same action.
We start this algo on the 1 January 2020 Until NOW
A total of 9 trades (5 Longs and 4 shorts) 7 wins / 2 loss
let’s looks at his performance during the year: 33.80% + 29.22% + 38.70% - 0.56% - 0.21% + 4.22% + 21.21% + 7.60% + 207.71%
Total performance since 1 January 2002 = 341.69%
Clearly interesting when volatility is high we only see small loss when volatility in the market is low
ALgo Trading ON BTC based on RSI RSI / MACD / MARSI and Moving Average could be wisely used in order to make better spread trades.
Let’s have an analysis on the indicator RSI. We start an algo focused on RSI on the uptrend of Bitcoin since 28 oct 2020 -> today.
Rules: If the RSI drops below 25%, We take a long position. Whenever the RSI is Back to >70% we sell this position. Time per candle is 30 min.
The algo took 7 trade let’s look at his performance: 5.62% + 7.14% + 6.03% - 0.55% + 1.17% + 11.17% (the last trade is not done yet since we have not yet reached the 70% on the RSI indicator)
Total Performance since 28 oct 2020 = 30.58%
Average time before closing trade is 2 days
