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BTCEUR trade ideas

DFT hourly mapping - Most likely shortObservations: -The red clouds are most likely FOR NOW to cock block any attempt to go through this red storm. Wait for neutral or green clouds to appear in the long term trends (supply turning to demand). -The hourly medium term investor trend turned its resultant to buyers area despite a descending trend.This should be breakable but didn't yet. => I recommand for people OUT to not FOMO now. => If 4550 euros doesn't hold in min15 closure. I recommand a short to 3880 euros (next demand support). Stay safe, set up SL. Gl
Short
by Mr_Gesier
(W) - BTC in Symmetrical triangle + Possible Bull flag?What most people don't realize at times like this is to zoom out and check the bigger picture. This is the weekly chart of bitcoin which show a symmetrical triangle formation and possible bull flag. Also note how the volume is slowly lowering since the kickoff of the bullish run. In the shortterm bearish scenario: My first target is going long 6500-6700 My next target is going long 5300 - 5500 in the shortterm bullish scenario is going short at 9000 and 9500. In my eyes confirmation of a continued bull run would be a higher top than the previous one with good volume. Like for example a strong close with not a huge wick above 10k. These are very safe entries looking at the chart now if the volume keeps the same.
by jonathanvn
2
Theory of Bitcoin fallHello Beautiful person! I have been thinking about reasons of bitcoin fall and been watching "experts" on stock market, to see if there are correlations. To set the stage a little, let me just summarize the reality we are hitting now: Most of us are aware that the stock market is overpriced/overvalued and possible a large bubble Some of us have foreseen that this bubble will not hold. The Covid-19 acted as a catalyst to the above mentioned points, and then some We are only in the beginning phase of whatever you can call this: strong correction or recession. Many people thought BTC to be digital gold, and why is it falling Gold and other precious metals are also seeing a drop. So what I have learned is that during a market crash or strong correction, investor usually follow one core principle: Protect your asset/money. In order to protect your assets:, the first to be sold is volatile assets. Then sell off assets that you "know" are over valued (tech stocks) Then you need to cover your losses by selling assets that have yielded great results, aka book profits. The 2 last steps are perhaps the major steps that throws us off when it comes to logic :) Why sell off assets that are strong and still have a good future? To book profits and protect your assets so you can stay in the market for longer time. Bitcoin, sadly, covers perhaps all the above bullet points: Volatile, tech and performed great. It is only logical that BTC will be hit hard, given above mentioned arguments are valid. All I am trying to tell you, my fellow traders and BTC fan is this: Think twice if you believe that this fall of BTC price is a result in no belief in BTC. There is a logical reason behind this fall, that is not necessarily connected to the end of BTC or lack of belief in the asset. PS Looking at the chart, it might look like we are heading into a sideway trading between the support and resistant line. DS Stay safe out there and in these times: be sensible!
by egilagre
Bottomless or reached bottom?Hello there beautiful person! How are you all feeling after a red week in stock and crypto market, with still even more red day today? Are you looking for buy-in, or selling to cash out? On my part, I did not expect this heavy drop in crypto this fast. I expected a drop, as I do with gold price before it goes up, but not this fast and so hard though. BTC/Euro is at a very interesting point right now at 5044, and it crossed a very large support line at 5268. The million dollar question is: will the price hover around that major support line or not? Next support line after 5268 is 3680, and that is the support line I think is the most likely bottom. However the optimist in me tells me that 5268 is the lowest low we will have this time around, until next bad news comes our way. Personally, my buy order got activated around 6500 so my cash is spent; and now it is time for me to watch this unfold. Wish you all a safe week, and dont forget to wash your hands well.
by egilagre
Bitecoin Heah & Shoulder Pattern Outlook, Next short term stepsAn observation made today. The RHS of H&S 2 is remarkably showing signs of similar structure albeit in proportion to the previous H&S 1 as indicated in this chart. From the H&S 1 pattern , the 25th OCT 2019 pattern had a strong reversal over 2 days (knee jerk reaction to the candle pattern falling below its support line as shown in section 1 of this view in the H&S 1 pattern. Roll forward to the 2nd H&S LHS pattern , an observation identified, the action on the 8th March is showing similar traits to the previous (H&S1 LHS) chart when it breached the H&S support line as indicated in that pattern. If the pattern mirrored in H&S 2 LHS to the H&S 1 LHS, by proportion we could see an upside on the 10th March in the region of 20% from current prices. Then a long slow retracement to the otherwise normal direction and movement of timeseries harmonic wave theory, with it settling back to its normal flight trejectory in time ( quite suprisingly in and around the estimated day of the halving 10/11 May 2020) The flip side of this Theory is it does not turn on the sup [port line for H&S 2 but crashes through it, Should this happen based on previous indication from H&S1 we could be looking at a 17-25% fall off in price. Looking at the ADX DI chart the indicators shown at position 5 are remarkable similar in structure, if 6 plays out like 5 did, we are moving down further. We have a week of interesting market movement ahead of us, Let the bulls and bears into the ring to commence their battle. Me I am hoping for the downside swing.
Short
by EndaKeane
3