BTC forming an H&S?Looks like BTC is forming a big H&S on 1h timeframe. Closed al position at €32k for now
BTCEUR trade ideas
BTC/EUR almost ready to bounce up?Does the golden cross and its opposite make sense in BTC? I think looking at trendlines is better and RSI.
RSI line should remain in the green area for it to be bullish and the price movements should close above the trendlines...
Let's see what the BTC price movement will do next.
BTC vs Euro & the Money Flow Index (MFI)I'm sure everyone is now knowing a big move is imminent. However the question is, which way is price action going to go? Studying BTC against the Euro helps a lot as I believe the dollar is seeing increased volatility (more than BTC!) against other currencies, and the Euro seems to provide stronger signals at the moment. Also the money flow index is a fascinating oscillator to study, especially when looking left. The purple circles above indicate the last time MFI touched 11, you can see a fall in price action followed. Perhaps this time is different.
Following the correction we need between 15 & 25 days to see higher lows on the MFI before price action recovers. Historically speaking the month of August has represented some of the best times during the calendar year to take a position.
Short to 2017 ATH1. 1 dump (4h frame 210MA 23500)
2. Retracement to 29000 eur.
3. CME gap fill (20000Eur)
4. correction to 23500
5. Bounce of 2017 ath and new big run.
Maybe a reverse head & shoulders for bitcoinMaybe a reverse head & shoulders
The target is 35224 line.
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Symmetrical triangle and bitcoin went down.Symmetrical triangle and bitcoin went down.
I was perfectly right.
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Symmetrical triangle and going down to 30580 line.Symmetrical triangle and going down to 30580 line.
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M-pattern for bitcoin and we did go down.M-pattern for bitcoin and we did go down.
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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.
Click on my chart below. Don't forget to push the like bottum. Thanks
