BTCEUR trade ideas
BTCEUR 30 DEC 2020 0215 hrsJust came off of resistance.. Careful up here. Taking some profit is alway a wise thing to do
We need further evidence of institutional interest. Where do we get that evidence? Off of the amount of stopping volume at the target list.
If re-accumulatioin does not take place at the primary target areas, will have to re-group and see whats going on in the background and if this is going to become distribution into mark-down.
If you are in profit and put some into your capital, you can come back and wait for re-entry to maximize gain and minimize large losses that giive your earnings back. More importantly in my opinion is fi SM does not come back... this can really come down hard and fast and why would you want to be stuck in that bullsh**.
If you waii for price to come to you you begin playing this game a bit more on your terms
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.
btceur 15000 next week then pump to 20000 before crush to 9000Bitcoin Parabolic rally getting stacked and will most possibly have a small -5% pullback to 15000 and then there will be a pump to 20000 till end of the year.
Then the bull market will start due to bankruptcy waves after the disastrous financial year 2020 will be show the hidden side of iceberg of financial crisis.
We will have a 50% crush in 2021 till 9000 or even lower.
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
