BTCEUR trade ideas
FUTURE OF BITCOIN! Let Me Know what you think?how do you see bitcoin unfolding in 2021?
Personally i am Bitcoin Long All Day, but I know what bitcoin has been like in the past.
BTC Support and ResistanceBTC might retrade to support 2 in the next couple of hours if is unable to break new resistance line
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
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.
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!
BTC price actionBTC broke ATH.
put/call ratio in the middle shows indecisiveness of market. will sell if it goes below 0.70
price above 50 and 200 ma
fibo looks good, possible retracement below 1 in the next couple of hours
Right shoulder BTCEURDear santa, this is my prediction, can it be true?
What is see in the end of 2020 is the right shoulder rising up on the daily time frame.
Big things will happen!
btceur 60000 per bitcoin if break out of ATH is like in 2017in 2017 the fight against previous ATH from 2013 at 1100 resulted to rally with 5 Waves and 20x gain. Some Alts were at 100x and more.
This time could history repeat and but we will not have 20x, at most 3x as of volumes are too big.
But altcoins could gain 100x and more as of there are more trading pair at very low prices, where one two bitcoininvestment could shot any alt like it was last months with DeFi ones.
BTC making a bullish flag on the daily chartAfter getting close to ATH, Bitcoin cooled off a bit to gain some momentum. It is now forming a bullish flag and we're about to test its resistance.
A successful breakout will for sure take us to the new ATH. If we fail, we will likely test the support of the bullish flag at around 14,000 EUR.
What's your take? Let me know below your thoughts.
Bitcoin AnalysisLast time I shared my analysis I highlighted a Weekly demand being visited by price and reacted to the upside. In most cases this indicates that long orders were picked in the zone where the majority of orders are, in the base of the demand zone. Interestingly we now see that a Daily demand zone has formed on top of the Weekly; again a bullish sign and it looks like institutions/marketmakers are accumulating positions. However we're trading here and the market can do anything; we should always keep this in mind. Trading is an odds game and with the two signs just mentioned (reading supply/demand imbalances and PA) the odds are in our favor to the upside. Personally I'd place my stoploss just below the distal line of the Daily demand zone.
The danger of buying at highs3 Years later nothing changes, and a new opportunity to cheat newbies on the same level.
triangle break ...potential to crash lower... we are below HMA and BB basis on daily an 4h chart... lower BB band on 4h is broken...
BTC,The bear session is coming..Not an expert,actually im still learning trading,but from what I see,this is a bear sign.
BTCEUR ExperimentI'm not a trader. So, a little reminder to myself about not to panic sell in December. Buy & hold. Only trade the wave with small amounts and when I'm in a good mood.
