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BTCEUR trade ideas

btceur bear market will start earlier will end earlierAs earlier the Bear market correcion will start as faster it will end. if bitcoin will continue rising and reach the parallel channel top at 30000 €uro then the following bear market will hold more than 1 year till middle of 2022. Parallel channel to 2019 ATH is broken. Parallel channel to 2018 ATH is close. 25000 €uro ca. 30000 USD is target to sell. But it is very risky now to enter any Markets Brexit deal failed from economic point of view... COVID Mutation is more pandemic and even more deadly... Almost all EU countries entering harder lockdowns in next days .... Vacation will effect earliest end of Summer. I expect an awakening after Christmas holidays are over on 28 December and next week all markets will crush.
by viparmenia
20201221 XBTEUR Short Accumulation Season (Update)So this is a continuation of previous, but since Trading view do not allow to see progress over time with renko, this is the same in Candlestick. I prefer to see it in renko to remove all noise, i recommend you take the habit on doing so as well. As you can see, in Kraken we had a huge pin after 2017 bull run... right when price was falling, its like somebody in kraken bought or everything or a market buy maybe made a glitch... who knows... but since we are back to that pin, as usual over time... Cheers! -CharterX
Short
by CharterX
20201219 XBTEUR Short Accumulation SeasonHello Everyone, I's been a while since i do not post. They did not let me post when i called the uptrend.. so let's see if now its all ok. So the main idea is on screen. I have been waiting this butterfly for long, i actually thought there would be small downtrend before uptrend but it looks like someone is on a rush. There's evidence on RSI of it. In any case it was beautiful to see this last uptrend period. Hell of a move! So as you see, we now have a bearish butterfly pattern in this market. This pattern it has been used for some time because if you traded well since beginning, it will give you hell of profits.. Same way sometimes whales use the Wyckoff, same way the y use the Bearish Butterfly Pattern. As soon as we touched the 1.27 there was a stop. It is likely that we now enter a new supply area to end this cycle. If you have study charts for big markets in this case im going to call the SOY .. for many years it was bouncing in a big range.. in horizontal before going up. So since btc its still young compare to oldest markets... i would say we could probably see same effect around here.. or like TESLA for instance... it made 2 W's before going rocket. We could see anther W ... bigger... that would make a huge double bottom (made of two smalls each). Remember February to May is coming... Companies will have to present to IRS losses and profits after a pandemic . BTC right now have done almost the same movement of gold. A lot is going under the table and i think people is not seeing it. Inflation effects.. etc. selloffs are around the corner in a lot of major markets next yeat) Anyway.. Im not saying it would start falling right away but pay attention on where are we standing right now. I would start doing profits and accumulating small shorts (this is not trade or financial advice, this are personal ideas... if i were a whale ;) ) Ill share a lot of graphics in the next coming days Trade Safe! Cheers, -CharterX
Short
by CharterX
BTC EUR next movesDescending triangles can form as a reversal pattern to an uptrend, but they are generally seen as bearish continuation patterns. Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The bottom trend line support also serves as a stop-loss level for traders to limit their potential losses. The limitation of triangles is the potential for a false breakdown. There are even situations where the trend lines will need to be redrawn as the price action breaks out in the opposite direction - no chart pattern is perfect. If a breakdown doesn't occur, it could rebound to re-test the upper trend line resistance before making another move lower to re-test lower trend line support levels. The more times that the price touches the support and resistance levels, the more reliable the chart pattern. There are two possible scenarios in the next couple of hours: BTC retests resistance line and breaks it, and then retests again the next resistance line; BTC breaks support and falls until next support. Putting SL right under 50 MA.
by proxnavam
BTC bearish divergence ?Hi, I'm just starting to understand technical analysis so note that I'm just an enthusiast. What do you think about this bearish divergence? (pink lines) Price makes higer highs while the oscilator (macd) shows volume going down. I interpret this as an bearish divergence. (let me know if I'm wrong please) I know evryone wants to go to the moon but I think it might be better for the rest of the bullrun if we saw a solid retracement. I think the move up or down would happen 13 or 14 nov. Cheers!
Short
by ShadowJunglist