BTCEUR trade ideas
Happy New Year and this is NOT 2017!Hello Wonderful and beautiful person!
Happy new year and 2021 will be indeed an interesting year for crypto, not just price, but:
What are the response of different nations on BTC when their own currency is under threat.
What will the nations do: protect their own currency control and stifle their own technology and financial progress? or will they accept crypto and include "acceptable" regulations.
What amazing new platforms will emerge with crypto finally being more "commerce" and accepted by banks.
Will the ideology Blockchain and crypto persist? or will the financial giant swallow it whole like Cronos did with its children in fear of them overthrowing him
How many of us will will sell and book profit, or hold until next "purge"/dump like that of 2018 January? It is only about time when the next correcton will happen.
My title is not a clickbait, and just a reminder that this time around is NOT 2017 nor 2018. We now have hungry, strong, resourceful investors that are into the crypto.
These investors will pick up all or most of BTC being thrown into the market. Want proof?
Just look at:
The growing number of companies putting their cash into BTC as hedge.
The massive gain these companies are advertising by going into BTC.
Growing number of financial institutions that are into BTC, and NEED a bag of BTC as collateral
Look at the massive SELL orders from bears, and how little impact it have on price. Bears try to dump, but the bulls just suck it up like a vacuum cleaner with huge smile.
I am NOT saying we will not have a correction, because that we will, but do not compare the 2017 with this year. That might be a mistake, if you are a trader.
Personally I will keep doing what I have been doing: Which is to HODL most of my BTC, but put aside some crypto and BTC for trading in order to try to add more into my HODLE bag.
Both RSI and TDI are showing weakness on the 4Hour chart, but the daily is still very strong.
Stay safe out there and good luck with the Satoshi-hunting, I know I need some luck this Q1.
BTC/EURThis is only a prediction, no financial advice
Long term BTC EUR Prediction
BTC will test the red resistance lines, but eventually break and bullish towards 100.000EUR region in end 2021
Rising wedgeRising wedge shall go down.
First can stop at the 23100 trendline.
Second can stop at the 21620 trendline.
Third can stop at the 20995 supportline.
Click on my chart below. Don't forget to push the like bottum. Thanks.
If we break the resistance line 23820 than we can go to 24431If we break the resistance line 23820 than we can go to 24431.
We have also supportlines.
If we break the resistance line 23820 than we can go to 24431If we break the resistance line 23820 than we can go to 24431.
Bitcoin/euro bearish divergenceBitcoin will go to test support line.If it break
Then price will go lower.
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
We can go to the upside or maybe to the downside BTC-EURO.If we break the pattern to the upside, we can go to 23495 BTC-EURO.
If we break the pattern to the downside, we can go to 19128 BTC-EURO.
Click on my chart below. Don't forget to push the like bottum. Thanks.
M-pattern or a double U-patternMaybe we have a M-pattern and we shall go to 18686.
Or we have double U-pattern and we shall go to 23495.
Click on my chart below. Don't forget to push the like bottum. Thanks.
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.
Three Dives Pattern.I have been tracking this for the past three days , I wonder will it play out over the coming days , a potential retracement back to 0.78 of the all time Fib.
Only time will tell.
