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SHORT POSITIONTECHNICAL FORECAST FOR EUR/GBP: BEARISH EUR/GBP DAILY PRICE CHART EUR/GBP ATTEMPTS TO SET FOOTING AFTER TUMULTUOUS SELL-OFF The normally sleepy pair of EUR/GBP has been abnormally active so far in early 2021 trade, driven by a growing divide between the UK and Europe around vaccine progress. The pair did finally start to probe some support a few weeks ago that’s since helped to hold the lows, and this plots around the 78.6% Fibonacci retracement of last year’s major move. But sellers have remained very persistent, and this opens up a couple of interesting possibilities given that support is still, as of this writing, in place. First, traders can approach the setup with breakout potential in mind, looking for a breach of Fibonacci support to lead into a possibly new bearish trend. Or, alternatively, a pullback to find resistance around a prior area of support could re-open the door for bearish trend strategies. This could be sought around the 61.8% Fibonacci retracement of that same major move that had helped to set support in early-February. This can keep the focus for the pair on the bearish side, looking for the British Pound to continue to outperform the Euro. We are looking at sell position for a target @ £(0.83011) with our stoploss above £(0.8838) Fibonacci Retracement If you find this helpful and want more FREE Updates on TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ 1_GFX English Support Team ❤️
Short
by AFFINITY_MARKETS
1
Bitcoin Preparing for New Highs April. $100,000 Inevitable.As in the words of Michael Saylor: "There is no better asset to buy, there is no better asset to buy, for a third time there is no better asset to buy." Don't get lost chasing alt-coins that you forget to accumulate the ultimate apex financial asset of our lifetime which is Bitcoin. I have been telling people for the past 2 months that Bitcoin under $100,000 is a good deal. I remember when I use to say Bitcoin under $10,000 was a steal not that long ago. We have been trading above a steady $50,000 for Bitcoin the past couple weeks. It seems like every time we test the 50 day moving average and bounce off we get a beautiful run up. January 27th 2021 was the last time we touched the 50 day moving average and that yielded a 100+% gain in Bitcoin price within 45 days. We also have a bullish divergence on our daily MACD. History repeating itself? We'll see. Always stack those satoshis! If you don't know what to buy just freaking buy Bitcoin! Convert that dirty fiat currency loosing 20% yearly purchasing power into Bitcoin that gains purchasing power every year. Much love, peace, health, and wealth!
COINBASE:BTCUSDLong
by peacefuljustin
4
SIGNAL BTC - NEW DAY TRADE UPDATE 55700 BE ALERT POSSIBLE IN 24HHello friends, I hope nice day for everyone here. Bitcoin looks to breakdown to us target 55700 into short term. # our before day trade target already hit Trend show possible whale follow sell trend. Our before update did hit in 24H 57700 as expected. @@Follow/like for more 24/7 Live updates on tradingview.@@ Discipline are the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly
Short
by watchtrend
4
24.2.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days, bitcoin has become the centre of your questions again after a major decline. Is the bear market coming again? Where will this correction stop? What to do? We would certainly not talk about the bear market in the current situation. The decline of the bitcoin price was due to the values at which it was last weeks. The fact that it fell by as much as 22% is nothing out of the ordinary, and in the last bull run, momentary declines of up to 40% were nothing strange. Moreover, from the point of view of fundamentals, practically nothing has changed. What type of correction are we currently tracking? This is a more complex question and there are several options: 1. Triangle As a first option, we are offered a triangle, which would mean that we would move in a triangle formation for about 2 to 3 weeks and then head up again. 2. ABC correction The second option is ABC correction. However, it should be noted that this can also take several forms. In general, the strongest support would be at $ 40,680. 3. Other On a theoretical level, we must also admit the fact that it could be some form of channel or distribution. There are really many possibilities for correction structures. At this point, we cannot say clearly what type of correction it is , as we do not have enough data on the chart yet. What to do next? Currently, the only option is to watch the chart and trade intra-day until the chart shows what formation is going to form . Once we find out, we will be able to determine more precisely the decline target as well as the target for further growth. May the crypto be with you!
BITSTAMP:BTCUSDLong
by DolleroTechnology
3
$100K Bitcoin??Bitcoin has reached our profit target of $52.8K!! Actually for the pendantic it reached $52566, but close enough. We are currently finding resistance here and will likely form a consolidation pattern before the next breakout. The levels $49.7K, $48.2K, and $45.6K will all provide support. Those latter levels are unlikely but one can hope. Our next target is $55.7K. At this rate, we could have $100K Bitcoin as early as this summer. Institutional interest keeps driving buying and sentiment for cryptos.
BITSTAMP:BTCUSDLong
by quantguy
2
20.1.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days and weeks, everyone has been most interested in the king of cryptocurrencies - Bitcoin. It recently set his new ATH at USD 42,000 . Since then, however, we have undergone a slight correction and in this situation, we have two options for further development. 1. Triangle The first possibility is that we are in a triangular formation, which we are slowly ending and we will soon grow. For this to really happen, we need to keep the bottom trend line on the chart and also break through the top trend line. 2. ABC correction In this case, it would not be a positive report and another wave of decline would follow. So we would fall across the bottom trend line and go test the support at the level of USD 28,200 - 29,200. Both options are still realistic and as we can see, the chart no longer has much space. This means that it will soon have to decide which side to we will look at. Which of the options will finally be realized does not change the fact that we are still in the bull run. Each correction, therefore, represents an opportunity for another cheaper purchase. May the crypto be with you!
BITSTAMP:BTCUSD
by DolleroTechnology
5
Update: Is Bitcoin Going Parabloc? - YesLast time I made a similar post about Bitcoin's parabolic behaviour, we were still below 15k. Only 11 days later and we might already be hitting 17k soon. Bullish sentiment is higher than ever. Together with the stock markets, Bitcoin profits from the US elections and the reduction in uncertainty. Pair this bullish sentiment with the constant addition of USDT into the market and we have a recipe for parabolic growth. The next minor resistance is around 17k. Consider taking some profits there. If the price manages to beat the 17k resistance like it did with the 14k major resistance, there's nothing stopping Bitcoin from reaching 20k again.
Long
by FieryTrading
Banca price as Bitcoin heads to $250,000I believe with all the advancements in AI that Banca is spearheading we could possibly see three different prices with Banca as Bitcoin heads higher to its $250,000 goal in mid or late 2022. I believe we can see an initial $0.005 price followed by $0.01 then $0.05. Understand that these price predictions are just that and should not be taken as final but everyone should do their own research and invest only what can be lost. The altcoin sector will only become valuable if what they build can be used in real-world markets.
BLong
by altcoinb
Bitcoin FoundationIf Bitcoin's market history continues to repeat itself I see 20,000 breaking around Jan 2021 20,000. The reason I think bitcoin's market cycles will continue to repeat itself is because the market is more pure than other markets like the quantitative easing/interest rate stock market. This is because the foundation that holds the Bitcoin market together is more pure. The minors are the one's who work to compete for newly printed coins through proof of work. The minors are the cornerstone and foundation of the bitcoin market. When minors are unprofitable and the has-rate is to expensive the minors then dump there coins and act as an organic resistance levels. The reason the minors do this is to stay a float for the future when the hash-rate becomes more affordable. Every 4 years there is a euphoric cycle that happens right after the halving. I believe this happens because minors become very profitable when the has-rate becomes very cheap. The cut in half of coins being able to be minted per block is what creates this. Therefor the minors never dump there coins during this 2 year euphoric has-rate period and that's what creates these amazing bitcoin bull cycles. The minors then collect as many coins as possible during this time until the has-rate becomes unprofitable. Then 4 year halving comes around again rises rinse and repeat. Obviously investors play a big role as well but the minors are the foundation and investment demand will never be great enough to beat minors sentiment based off hash-rate. Minor sentiment is the key to bitcoin market fundamentals and that's why the bitcoin market cycle is so pure.
BNC:BLXLong
by ziler
4
WAITING FOR 12,200$ and STRONG DUMP Towards 9200$ SupportTechnical Market Outlook: The BTC /USD pair has broken above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing high was made at the level of $11,400, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite the overbought market conditions. The next target is seen at the level of $11800 and $12,200. The nearest technical support is located at the level of $10,000, $9,200 and $8,800. Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$ Strong DUMP expecting on 12,200$ towards 9200$ and 8800$ where we can see new bull Run start. 🛑SUPPORT/RESISTANCE ✅S1= 9200$ ✅S2=8500$ ✴️R1=10900$ ✴️R2=11800$ Please like, share, comments and follow me to get daily base analysis. Thank you for your support, I appreciate it.
BITFINEX:BTCUSDShort
by Allmypips
9