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BTC-EUR

BTCEUR 'D' - One Level of Support left Before 30% Cliff EdgeHey guys - There's a few things going on here: We've got a strong Sell signal from Crypto Tipster v2, combined with a descending trend line which the price has touched quite a few times historically and rebounded on the downside each time so far. This combined with several layers of resistance above and only one (albeit quite strong) level of support on the underside could mean the potential for a further fall in Bitcoin price. Seems unlikely, or at least unwanted - but the reality is if this level of support gets broken, there's not to stop the price free-falling 30% or more to around the $10,000 mark. Let's all keep watch on this one! What do you guys think?
Short
by theCrypster
2
BITCOIN MAJOR PULLBACK SINCE $69K ATHFollowing a 50% drop from $69k ATH, Bitcoin resume its major deadcat bounce with a 20% increase so far. The market has multiply supply zones (S1, S2, S3) that needs to be invalidated before we change bias to Bullish. I will be looking at short opportunities on the major supply zones. There is no reason to long on short term at the moment. Analysis on price action progress will be uploaded accordingly. Note; The only bullish signal will be a strong uptrend on the weekly.
BITSTAMP:BTCUSDShort
by gasom
3
📈Education content - When can we confirm a real breakout?Hello trading friends, This is a 📈Education content, we did use BTC as an example trend. ✅To give this example there is nothing better to show the real chart as now. 💎You have also a rule in trading that is called the 50% return of the last trend line, it's not always working, but most time this rule is working fine for more than 70%. ⏱To explain this trend. it means when a price Chart breakout - we check the last trend pullback from the last trend line with more than 50% to the last trend line below if this is the case, then there is a high chance we have here the first confirmation of the fake trend. ✅Small explanation Price breakout to 34K to 35500 with last trend 1H candle, we should hold the 50% range between the start of increase to above trend. if the price breakdown is more than 50% back to the last trend line we could see the first signal of further breakdown trend. ✅of course, the time frame will confirm or this is a real trend or not as there is a need for a second trend shows in 80% of the time the first signal for break downtrend or uptrend - it can work 2 sides. and that's why the 50% rule is very important for real breakout or fake trends. 📈we did add a real chart of BTC and you can see in this chart example all the trends that could make it a fake trend but not happen, so for this reason it did confirm and increase further. 🚁for example, if the trend did choose and follow the red trend lines on the picture, then it could be a fake trend, and again this is not happened, because of the time frame and 50% rule confirmation. 🎯Breakouts are great to follow and show good PNL, it called also the speed scalps. Have a great day.
by watchtrend
10
NZDCHF downAs per the last post on NZDJPY - I think the move down on NZDCHF is coming a little sooner. Both suggest a shift in the NZD as the driving factor for the bigger move. looking at the monthly we are closer to the regression top. The weekly is already above Regression. And all major timeframes (Monthly, Weekly & Daily) are Stochastic overbought positions. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Short
by Mayfair_Ventures