BTCEUR trade ideas
200k this year or 2023 for bitcoin! 📢Hi, I'm back with an update.
The 200k btc milestone (450% up from today's prices), will most-likely be between this year (2021) and 2023. Looking at the current linear trends on a logarithmic price scale.
Disclaimer: humans find it hard to believe and understand logarithmic scales. Our brains mainly think in linear scales and trends. However, I think with bitcoin a logarithmic scale is much more fitting the historical data.
BTC Going 19k before DecemberThis isn’t the first time this year that large long-dormant BTC transactions have been spotted. The CryptoQuant post said more than 10,000 BTC was moved when the BTC price was at $47,700 in March, 2,800 BTC moved in May, and more than 1,100 BTC was moved at $23,000 per coin in July.
BTC short term bounce to 21k+ EURDisregarding the structure of higher time frame, on the hourly here:
- decelerating rate of change of the drop,
- technicals showing positive divergence,
Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop.
ARKG is actually green today, either indicating (short term) risk-on appetite, or just short covering before the long weekend.
Multiple Pi Cycle Bottoms Flashing!The Pi Cycle Bottom indicator has historically been a close bottom signal the last 2 times it has flashed (2015 and 2018).
After having the Pi Cycle indicator flash on the BTCUSD chart in July, we now have it flashing for other currencies, some late July, some even yesterday, further validating the Pi Cycle Bottom.
I do believe we can head slightly lower but make no mistake, for long term, this is the buy opportunity of a lifetime!
GBP
AUD
CAD
CHF
The euro perspective of bitcoin: 16k versus 8kTLDR: attempt to long around 16k-17k with stop at 15k, switch to short if under 13k
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Area around 16k EUR is likely to be at least a local bottom, given:
-strong confluence of fibs
-technicals entering oversold zone
-symmetry of a lower degree: -73% correction
-close to major top of 2018
-coincide with volume profile wedge, albeit a small one
A rebounce could be produced in the short term.
However if BTC keep sliding, either directly or after a rebounce, the next meaningful support will probably be found around 8k-9k, due to:
-huge volume profile wedge
-symmetry of a higher degree: -85% correction
-some confluence of fibs
Risk assessment: if stop hit, loss will be ~10% depending on entry price.
BTCEUR key resistance levelsBTCEUR - in slightly downside biased range and currently addressing top of the 4-8hr range, likely pullback occurs before more .
In case of converting red zone in to support - likely our daily red zone opens up for the taking.
The green arrows up are buy bottom buy signals - while small red arrow is sell the bounce signal - they're automatically generated by the emaflow pro indicator.
Emaflow has a special range feature that projects where market will be oversold and overbought in the future - recent total cap projections were spot on:
Elliott waves correcion ABCafter looking at the graph, taking into account that a rule of elliott waves is wave C to go below wave 4, this channel will be broken down, the limit of the blue square above is the limit of wave 4 and the limit below is a price support, when breaking this channel there will be panic in the market, but it could be Beartrap before the final push to the new historic high
BTCEUR - Head & shoulder?Possible head & shoulder pattern on BTCEUR on the Daily.
Green line = neckline. Measured distance from head to necline is shown and copied to indicate the target to the downside.
Fib-levels (0.382 up to 0.786) are displayed on the chart for possible targets in case of a short.
First target (based on the H&S), around EU20.500 is in between the 0.500 and the 0.618 Fib.
On the 4H there's a bullish orderblock in that same area.
The 50DMA is also around this level.
Lower targets (possible wicks) are around the 0.786Fib (EU19.000 - EU19500) and the 0.886Fib (Eu18.000 - 18.500)
Nostradamus 101: BTC/EUR 4 months aheadYes, nobody knows what will happen tomorrow, but based on patterns we can safely assume that BTC has overheated.
Enjoy the next few months fellas, it will be a ride, FOMO campaigns non-stop, don't get fooled, just play your day-trade,
in and out, unless you are acquiring spot assets in which case HODL.
If I were you, I would wait for BTC to re-test the 47,000 area and then go short until 41,500, the rest is up to you.
This is not financial advice, just a prediction based on the audacity of bankers during the 2008 mortgage crisis and 2012
sovereign debt crisis.
Nothing is ever what it seems, but if you can use this prediction to your advantage, good for you. Enjoy. You're welcome.
Nostradamus 101: BTC EUR 3 months aheadThis is an update to the previous forecast see link below.
Based on what we have seen, we are now effectively in a battleground. The same 'big' holders who are on the verge of selling their crypto assets are the same people asking us to HODL.
Bitcoin, I believe in you, but, you are not worth your money. You are worth our money, just not this much, and as the environmental implications become more imposing, so will the
need for regulation, taxation and audit of miners; so will the need for celebrities to turn our attention to another crypto gimmick; so will the need for other distractions cloud our
judgement as those who have pre-mined" spill their guts. Good for them. You got us. Why all this mad nonsense you ask? Because, we are a second away from midnight when it
comes to BTC (in particular), and hopefully it stays "your crazy to say that", but am I? are we? Haven't we read all the books, watched all the movies, seen all the news, learned
about all the shady after 50 years of declassified documents? Haven't we? "You're a conspirator!" Relax, facts are facts, just like the fact that there are closed "open meetings
that happen in Switzerland once a year under a mountain that control the majority of our everyday lives "Haha" You say? One Jeff Bezos will make millions of teens squirm. One Jeff.
And this meeting is no Jeff, possibly worst, possibly better, who knows, what we know, is that we're not in the club, because if we were, money would never be an issue.
Watch out guys, safe trading. Good luck have fun. Peace.
Nostradamus 101: BTC EUR 1 year aheadI made this observation for myself to see what a year in crypto really looks like, let's see how right or wrong one can be, tread carefully. Personally, see it going to 30k, but that is speculation. Safe trading.
#Theywillwanttoflushthemarketbeforerealadoption
#Nothingiseverwhatitseemswhenbigmoneyisinvolved
Divide it all.