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BTCEUR trade ideas

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
Massive breakout, new fib retracement drawnedHello Wonderful person! We saw a very good break out and turned the resistant line in to proven support line, which is awesome! There are a couple of concerns with some indicators that momentum is fading off, but lets see if there will be more strength added this week. (dont forget to check the RSI). Interesting pointers are the new fib retracement that almost perfectly matches the new support line, and the current trendline is holding. It is not unheard of that we might see a correction down to the next trendline, around 12500 Euro.
by egilagre