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BTCEUR trade ideas

How strong are the buying urges of the ins.companies?Hello beautiful person! So, these are really troubling times ahead, with a large holiday season coming real fast along with end of year. This month December is associated with expendure of cash and last chance investing before end of year. Will this be different, because of the covid and lock downs? will people buy less stuff for the holiday season? Will they rather invest some of the money rather than buying? just saving? or not affording to spend or save? Whilst these question keep buzzing around my skull, what are the institutional companies doing, their strategy, when BTC are starting to lose steam and are looking into a correction? WIll they keep buying the dips, hence minimizing the correction? Or will they allow the correction to play out in order to buy cheaper BTC? or worse, will they play along with the correction and sell along with the whales, hence steeping the correction even more in order to fill their lower buy in orders? At this day of age its hard to know, because we are in uncharted territories now in regards to really large players in the BTC market, and they tend to have different strategy than private investors and traders. Alas, the TA so far tell me that BTC have lost some steem and we are looking into a correction. However, I will not sell any BTC at this point, even if we will correct; because I believe 2021 will be a great year for crypto. If it correct, which I believe it will, I will buy some more. The price level I will look at is: - 15500 Euro, if this holds, and TA looks stronger, I will buy here. If TA still predicts a correction, I will wait to buy for next likely support. - 14800 Euro, Same strategy as above but it has stronger possibility to be supported and will probably have a small buy orders here. - 13800, this is a critical support line, because if this breaks the double top pattern is complete and indicates a strong correction. If this support breaks, we are looking for a larger drop, and this support line is a place I will be watching closely. If this holds, this support line could be a good bounce to move upwards. BUT like I said before, these are really uncharted territories with these heavy type of investors, and trading now is risky, at least how I see it. I still believe strongly in BTC and will continue to invest. Stay safe and hope you all are having a great time.
by egilagre
How I think Bitcoin Might Go From Here. HODL.There's no guarantee in anything. But I think something similar to this is very likely. The price might not go down, so don't sell it, cause you might miss a big upside. Just keep holding. Traders, do your own thinking. I'm here trying to make some predictions on very simple resistance and support levels. My idea is to keep it simple. Might do more of these not only for bitcoin, but stocks too, so If you liked my thinking and I would be right, follow.
Long
by erikagigye
btceur one more week of chances to sell before parabolic crush Similar to March there will be a one week window to sell before the parabolic crush will start, that will be worse than in March. In March it was just a psychological crush - fear from uncertainties... Now there the real effects of lockdowns with millions of bankruptcies worlfwde will be visible. As well -no vacin till end of the year -new lock downs -oil war of Saudis with Russia -NoDeal Beexit -US election
Short
by viparmenia
13
Current trendline confirmed, for now!Hello wonderful person! Hoper you have had a great & safe weekend. There was a sharp correction and test on the BTC price happening yesterday, but the current trendline held. We might see another correction, but if so; the trendline should still hold. The indicators are still strong, although they are showing some loss in strength, but still strong. There are two things I changed on the chart: - Extended the fib retracement to match current top. - Extended current trendline in the same angle, in order to capture current and future price actions. PS Just because indicators show a continuous strength, with a possible correction. There might come news in the media that can instantly shift the course any direction. Therefore important you keep yourself updated at all time, stop losses in place; and only trade what you can afford to lose. Have a great day, and happy trading!!
by egilagre
BTCEUR 22 NOV 2020 1036 hrs (chasers lose)Trend analysis versus range analysis. Price moves in waves, not strait lines. You can see the two key potential supply/profit taking zones. You dont want to buy when the CO is selling. Where does the CO sell? Where does the CO buy? Buy low/sell high right? If you miss it or it fails to meet criteria, depending on your personal risk tolerance you let it go. A good rule of thumb if in teh learning process: Do not enter a trade as soon as you open your chart. Assume you missed the move. Wait for profit taking to cease and for price to come to you. If you chase it, 9/10 times you will lose.
by dee718