BTCEUR trade ideas
BTC/EUR distribution patternas we can see BTC vs EURO trap into a descending triangle as a distribution pattern for 4 months. due to this pattern and low volatility we can see, there would be a short opportunity here.
This trade idea has a 2.5 risk to reward ratio.
COINBASE:BTCEUR
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.
