BTCEUR trade ideas
BTC/EUR fiber retraction by 0.5if and when the BTC goes to 0.5 (28896 EUR) of retraction in fibo
it will be the beginning of a new cycle of crypto bull markets
and out of curiosity it is in the middle of two supports
34k/24K(EUR)
Pitchfork + Fibo Retraction + Supports
today these are the values but the story changes as new candles form
Elliott Wave Theory ?CORRECTION IS A CERTAINTY LACK OF KNOWING WHERE IT WILL BE CORRECTED
what do you think about this?
What Is the Elliott Wave Theory?
The Elliott Wave theory is a theory in technical analysis used to describe price movements in the financial market. The theory was developed by Ralph Nelson Elliott after he observed and identified recurring, fractal wave patterns. Waves can be identified in stock price movements and in consumer behavior. Investors trying to profit from a market trend could be described as riding a wave. A large, strong movement by homeowners to replace their existing mortgages with new ones that have better terms is called a refinancing wave.
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BTC 4D-MA Crossed down. What's next? Dear Traders and Hodlers,
here I make a prediction for the BTC-EUR pair (which is similar also to USD).
As we are currently in a bearish market, BTC 4d-candle crossed down the 50MA. So, if the next 4d-candles will find resistance to 50MA, BTC will probably retest the $41.3K support in the next weeks.
The market could then turn bullish if BTC will face the bearish-trendline from ATH.
Write down your opinion in the comment section and let me know if you agree or disagree with this idea.
Thank you.
BTCEUR bullish divergenceDear Friends, on 15-min chart we can see bullish divergence both on RSI and MACD. Therefore the market is telling us the price is more likely to bounce higher temporarily than it is to go further down. Therefore with 2:1 risk & reward ratio we can make a profitable trade.
buy at 42200€
stop at 41400€
profit target at 44000€
r & r 2:1
Bitcoin Weekly Buy SignalBitcoin had a nice retracement to the 0.382 Fib level and bounced back over the Base - line.
The Stochastic RSI confirms a buy signal in the oversold area, which shows nice room for growth in the next weeks.
As long as we are above the cloud and inside of this "ascending broadening wedge", this should be safe.
I am expecting Bitcoin to rise to old highs in the near future, riding this wave till indicators show signs of weakness.
Stop Loss is targeted at 2x the ATR, so 5781,42 x 2 = 11562,84 points from 44815.
End of BTC era? Or is it just a correction? Dear Traders and Hodlers,
here I make a prediction for the BTC-EUR pair (which is similar also to USD).
I didn't find a straight forward entry for this pair and I think that the market turns into bearish mode.
If you disagree and think that the bullish market will continue let me know in the comment's section if you agree or disagree with my idea and explain why please.
This pair will be on our watchlist and we will see if this prediction will be satisfied. I hope not. But its very feasible scenario.
Hit the like button if you agree with this idea. Thank you.
MACRO VIEW of BTC uptrend!!!Macro view of BTC market in uptrend. We can see 4th dump of this bullrun on 1W time frame.
Actually Bears do not have big Volume , this is average Volume against big May dump.
It looks like ending of the up trend, maybe big Correction, BUT! MACD made a Red - Cross.
Next days and weeks will show, how market mean it.
Bearish 5 Drives harmonic This is big bearish think, personally Im waiting for more signals and price action to update prediction.
The most important thing is where BTC will make next spike.
In this case retracement from B to C will break MA 200 D and 221 D down, next retracement from C to D will confirm D as a resistance (S/R reversal is in game).
Rough Bull/Bear Targets in Wyckoff scenarioBased on previous thoughts on the alleged Wyckoff distribution pattern seen during spring bull run, I copied the bars from that time to check for correlation. No arithmetic valuation for this as of yet, might do in the next days. Measuring what seems to be the pattern's entry point, I expect a market top of 78500 EUR (90000 $ today), after Wyckoff characteristic ups and downs. Followed by a drop to 43700 EUR (50100 $ today), with minor bull traps. No current arithmetic valuation of this model's accuracy ( below 70%), might do in the next few days.
FOMO"YES BEARISH I CAN BUY MORE BTC"
*BTC BULLISH MOVE*
"I'M ALREADY IN PROFIT !!"
*BTC HUGE BEARISH MOVE*
"I HATE THIS!!"
This move is just to take out the most emotional people. Those people just bought BTC, ETH & Altcoins just because most youtubers or social media people are saying: "at the end of the year BTC will always rise" Those people get FOMO. I think there will be lot of buy orders ready on this level.
Expanding bullish triangle pt.2Now We can see 2 trend resistance lines which BTC must break up and retest for retracement to ATH and beyond (4H chart).
Bearish movement is in chart too.
Remember, BTC can do everything like other markets, which are tradable.
Stay focus to swings/where BTC will make next high/low.