BTCEUR trade ideas
BTCEUR Sitting At 8500.After rolling down on HL's, the BTCEUR is now steady at 8040.
My Analysis
In my view, something similar happened on 03 Jan '20, and if I connect that historical sequence then a bearish map shows that travels to 5000, but, 8913 is interesting .
Same BTC, but different pair...Looking at things from a different view can always help!
BTCEUR is trading in a range just like BTCUSD but not as many fakeouts here and much more horizontal!
The bottom of mid-term range where BTCEUR is currently sitting (7900) can break soon since there is not much liquidity left, we may see a free fall like previous times to 5k area (6k on BTCUSD) or even lower (somewhere around 3k) if it doesn't hold.
On the bullish side, we can expect a new ATH, if BTC breaks out of the resistance zone (blue area).
BTC potential retracement sometime from the middle of Sept 2020If the pattern holds firm , we could be looking at a frice of €8k ish sometime by the middle of Sept, with a potential retracement back to a low in and around 4K , that is on the basis of BTC doing the unpredictable by shooting to the moon pefore that
BITCOIN / EUR ON DAilyhello everyone, BTC EUR on a range since May 01, may have a change of position in the coming days.
BTC ASSETT w/ BEST Performance: Covid19 Impact (5 Year) (Bitcoin as a Deflationary Asset or Inflationary Index)
note: Stock market liquidity boosted by FED Stimulus == increase Inflation
Gold Safehaven to BTC
BTC/EUR, the price is about to explode to the moon.Bitcoin to Euro is currently trading in the range market. In case we made it to the upside, that will be very bullish sign.
Bullish BTC IdeaRecent bullish run so momentum is bullish.
Rising triangle formation is bullish.
ETH and a few other cryptos also look bulish.
BTCEURVEO UN PUNTO FUTURO DE MITIGACION EN TEMPORALIDAD DE UNA HORA, PARA CONTINUAR CON UNA VENTA PROLOGADA. VELA INSTITUCIONAL EN VENTA EN ESTRUCTURA ALCISTA EN DIARIO Y 4 HORAS.
perfect rejectionHello wonderfully wonderful person!
Stock markets all over have seen a large pullback. Maybe more investors have awaken and smelled the coffee? Time will tell on how the market will react now. Will it be the emotion fear that will trigger more downfall or the emotion hope that will set the market upward?
Anyways, back to BTC; and it seems to be very connected to stock rather than gold as of yet, since gold I believe saw a minor upward price action.
The indicators were showing a weak momentum for some time now with the horizontal movement, and it was just waiting for some nudge to either regain momentum or fall.
The latter happened and let us see how far it will fall, but we have some well tested and strong support lines shown in the chart.
Mind you that these will not hold if the emotion in market is fear, so dont put too much faith in these support lines.
For my part, it is still too volatile and it might be that the rest of the market is catching up with the belief that the world is not yet recovered and that will keep lowering the price in market.
Or this sell off is a short lived fear and people will rush in to the market to pickup more.
who knows at these times, so I will be waiting a little longer on the side line with my pocket filled with some fiat, waiting for a good moment.
Like i mentioned in my previous post, September or november is the turning month for me about being bull or bear.
PS
I am still holding BTC and stocks and have not sold out, but have sold off some in order to liquidate to have some cash at hand; in case further fall.
Keep safe out there and dont invest more than you can afford to lose.
