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BTCEUR trade ideas

My first: a bit down before we go up againThis is my first analysis. Please excuse me when I'm using wrong terms. I have observed the whole market quite some time and since the deep dip in March I'm investing some play money. Currently it looks like that we are testing either a bottom line which formed during the last days before we go up again (green drawing). Or if we break that its rather one level down, the bottom of the last month (red drawing). Only my two cents which can be 100% wrong. Nobody should listen to me.
Short
by J-J-
STARTING RANGEThe last two movements of Bitcoin suppose the start of a range. Apparently we can not know yet if it is an accumulation or distribution range. We should wait for the spring to confirm our long positions. In addition, we have to note the breakdown of the uptrend of the RSI. We can expect a slight breakout of the uptrend channel in reaction to the overbought market. The overbought of the bitcoin before the event of the halving as well as its great bullish rally, means that many traders are making profit in these prices. The price will settle for a time at these price levels, marking a clear range. We must wait calmly for the purchase opportunity to be given.
by CryptoWyckoff
Probably re-test previous support lineHello again Wonderful person! Hope you all have had a great time since last time, and still take it safe even though the lock-downs are easying up (at least in Europe). It has been some time since my last article due to heavy lifting in my current work, and had no extra energy to spend on the charts. Very interesting move for BTC the last couple of days, and to be honest, I did not expect this sharp incline and quick break of the upper triangle resistance line. So now what? I have included a new indicator on my charts: Commodity Channel Index, and still tweaking its moving average index (so not in the publish chart yet). My thought is to compare this CCI with the RSI and Stochastic to get a better comparison. It looks like the indicators are showing some weakness in the momentum, but overall still strong. I wish I could give you guys and myself a better reasoning, but I think we will re-test the support line: 8500, do a small "dead-cat bounce" and further re-test the support line at 7777. Also, I am open that BTC might go up a little more before the re-testing, but I am willing to take the risk and rebalance my portfolio and hold more cash to see if I can buy at a better price the next coming month. Hope you all are still sane in the lock-downs and keep safe, until next time!
by egilagre