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 trade ideas
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.
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.
The candle that you see is a shooting star !!!The candle that you see is a shooting star !!!
The price shall going down.
horizontal resistance break... We already break horizontal resistance and upper Bollinger Band on 1h chart ... on 4 h and daily price hold above basis Bolinger Band... RVI and RSI rise ...short pozitions on exchanges falling... that looks bullish to me ...
Bitcoin May Vibes (Start of alt season?)I'm seeing similar vibes to May for the BTCEUR pair.
A consolidation at this range would be an extremely bullish sign for Bitcoin, also allowing room for some money flow into Altcoins again.
Let's see what happens.
On balance volume still looks goodOn balance volume is still looks good. Bitcoin is still in the trend.
If we break the trend line bitcoin go to 15354 euroBTC-EURO :
If we break the trend line than we can go to the 15354 euro.
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.
Extreme lower Shadow that doesn't show on USD/BTC chartNobody talks about it but look at this lower shadow on nov 22.
It seems to ONLY show on EUR/BTC chart. I don't know how that's possible
but it shows that the price did go as low as 13200 EURO for a brief moment.
So I think the price might still go lower because of that.
That shadow doesn't look very nice..
Cheers!
BTCEUR Daily Where i put my BUY ordersBTC has drop today 26-11-2020
I think we gonna see 1 more drop comming.
Retest support zones: €11.300 , €10.800, €9.200.
Bullish Case:
If we hold €14.300 20MA Line on Daily we cam have a 20/25% Spike up, that will bring us to €18.000 New All Time High!!
BTC shorttermThis is a needed pullback in a bull market. The lower we go, the better for the long run. I expect we will see ATH again in 1 or 2 months. 2021 should see 100k dollar
4 HR BTCEUR SnapshotA quick look at the 4 hr chart for BTCEUR. A good chance of increasing price in the next day or so if the support holds. From the chart I think we have a good chance at moving up higher. Off to an ATH or a deeper correction--what do you think?
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
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!!
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.
