BTCEUR trade ideas
btcusd rally if price will hold above 10000 for 4 more Weeks There are only 49 Days every year when one can sell bitcoin above 10 000.
If this time it will hold longer than 49 Days, then this would be a new rally to new ATH highs.
Otherwise there will be a crush till 4000
Possibilities of Bitcoin developementGreetings.
Relying on fib and ichi I think we will see a breakout to the upside of the triangle we are currently building.
Cheers
Bitcoin rarely above 10000. Only 50 days once in 18 Months. In last 2 years there were rare chances to sell bitcoin above 10 000.
It was possibly only for 50 days - less than 2 Months.
August and September would be he last chance to sell above 10 000, next most possibly in one year.
BTC UP - THE SECRET INDICATOR SAID IT BACK THENHello, the secret indication was correct: BTC was not retracing to 7k but rather going up (SEE THE LINKED IDEA). This is not to drag, but as a confirmation that the secret indicator works and can be used as a great confirmation. Please note I said confirmation. It has not to be used as the one and only rational for an investment decision.
Said that, it still shows a 26% upside still as per the chart below.
Also, the BTCEUR chart is clearer than the USD one, showing a clear restest and accumulation phase above the support. We can also see a triangle with the same exact target of the fibo extension
targets is 10,900-11700 EURO
BTCEURTrying to catch previous high. Simple swing stratagy with S & R and trend lines. Buying pressure looks good. I am thinking maybe i will sistematicaly move my SL to the value where i went into buy positions and make my TP or SL to end the position. Good luck folks..
daily analysis of BITCOIN/EUROthe daily chart of this market shows that it will experience an uptrend in the coming days but at the same time you have to be vigilant of the change of direction towards the opposite
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XBTEUR at support.Bitcoins reached long time support level with high momentum. A retracement is likely. Go long - at least for some hours.
Add Exmo and Binance JerseyPlease could you add EXMO and BINANCE JERSEY on the charts for BTCEUR, ...
Symmetrical TriangleA big symmetrical triangle with a big divergence is on the way to breakout. The focal point is at 10.000 EUR. Stay alert, if the price breakout the take-off line and the volume will rise, you have a big opportunity to realize a big trade. Good luck!
BTC Buy the dip levelsBitcoin reached the fib-resistance of the previous ATH. The RSI is overbought so I expect it to retrace a little to 8600€ or 8300€ levels or stay at this level a bit.
SHORT TERM: ASCENDING TRIANGLE ON BTC/EURIN THE SHORT TERM WE COULD SEE A CONTINUATION OF THE TREND. IF WE BRAKE TO THE UPSIDE WE CAN EXPECT A PRICE TARGET OF €10165. HOWEVER, WE CAN ALSO EXPERIENCE STRONG RESISTANCE AT THE 0.5 FIBO LEVEL. IF WE BREAK DOWN WE COULD REACH A PRICE TARGET OF €8900. THIS PERFECTLY COVERS WITH THE STRONG RESISTANCE OF $10500. HOPEFULLY, WE CAN TURN THIS RESISTANCE INTO SUPPORT... WHAT DO YOU THINK?
Be careful, do not FOMOHello Wonderful and beautiful person!
Just came back from summer holiday, and for a while there it seemed like BTC was at holiday as well, but we got some massive response these last couple of days (7 days).
- Market cap increased by billions
- BTC market dominance fell by a couple of percent
- Enormous influx of interest and investment in alt coins.
- Large companies finally release their financial reports which confirmed my suspicion.
- Unemployment rate are very high in U.S and Europe.
- Precious Metals had major uprising.
Those of you who have read my previous posts (thank you very much), know that I was not convinced we were in a recovery but rather we saw a "dead cat bounce" (not a V-shaped recovery).
September was the month I kinda prophetised, in a Nostradamus kinda way, that we would see more or less the real effect on most of the markets. That month is still on the table for my part and has not changed, but we seeing more and more the real story now.
---- On the side note, Europe has opened up their borders in desperate act to make business flourish, and they are already reporting a large increase in Covid cases. Second wave is also still on the table ----
How will all this impact BTC?
well, I believe we will see a dip like we did on the "fire-sale" of Mars-April (investors will liquidate), and then we will see the anticipating massive increase in demand for precious metal and btc.
For my part, this increase we see now came unsuspected and it does not seem to hold its momentum.
- The RSI is not being convincing that this uprising has support.
- CCI has actually downward move, and in divergence with price action.
- Stochastic also are showing little momentum like RSI, but also in divergence like CCI.
- Price action is very contested as pointed out with the blue arrows.
- Volume does not support anyway near the new highs we have now
So, to sum up:
be careful and do not FOMO, as this could be short lived price increase.
USA are again turning on their printing machine and Europe have approved financial aid to all EU countries, which WILL impact the market; but not sure how.
Precious metal, especially gold and silver are artificially held lower than the demand with Future market. Physical gold and silver are not easy to get, and new mines are not being started yet.
Clear addam and eve spotted .Imminent breakout (bullish)This is a bullish pattern with a high rate of failure . Expect aggresive move to the upside and even more agressive one to the downside .Short term trade .Take your 1-2-3% gains and get out .
BTCEURAs part of the funding round, investors were offered a 16.4% stake in BTCS Holding AG.
The round was led by the Swiss banker Roger Studer. He joined the board of directors of the company along with the ex-director of the Center for Research Credit Suisse Giles Keating.
The received funding will be used by Bitcoin Suisse for scaling and business development.
The current valuation of the company is 302.5 million Swiss francs (over $ 327 million).
Bitcoin Suisse founder Nicklas Nicolaisen said the company "is determined to be the first European unicorn in the digital asset industry."
Bitcoin Suisse also reported receiving a guarantee from a Swiss bank to protect assets.
As a reminder, the company announced the start of a funding round in May.
BTC/EUR - Why I am waiting for a long signalI use the BTC/EUR on a daily chart because the EUR is way more stable than the USD and only 2 indicators - 30 SMA (a month of data) for a directional baseline and standard ATR for volume.
The price have to break the trendline from 13. feb. and close clearly on the other side of 9200 before I consider to go long. Next resistance is at 9600.
BTC - IS THE WEAKNESS OF $ MISLEADING US ON ACTUAL BTC STRENGHT?Hello,
Bitcoin is a commodity, even if a digital one, and as all commodities it tends to increase its price when the USD is weakening and it decreases when the USD strenghtens, all else being equal. So le't take a look at the BTC chart in another currency to have the picture clearer.
As we can immeditaly see, the distance from actual prices to after Halving highs is DOUBLED than what shown on the USD Chart. However, even on the EUR Chart, the pattern which is forming right now is bullish. The descending triangle is broken to the upside and the way it is being broken signals that it is not going to be a false brekout.
What do you think? Is the relative strenght shown on BTC due to external variables such as the USD or it is structural?
