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BTCEUR

Bitcoin Simply Thought - BTC Price AnalysisHello dear readers, I am a big fan of keeping the chart simple and clear. I think there is a common thread in every chart. Of course, there are hundreds of analyses and approaches for one and the same situation. But the intersection, that is, the overarching direction of the market participants is particularly interesting. It is like a primary trend (not individual), with the corresponding outliers in the secondary trend (individual opinion). To recognise this intersection, a clear analysis is often better in my view. The obvious factors will have the most influence, and not a swing in one of x indicators. That is why I have kept this BTCEUR analysis very simple but relevant: - The primary trend continues to move bullishly in an uptrend channel. It is always more likely that a trend will continue than that a reversal will occur. . Accordingly, there is no good reason for this corner to believe in a trend reversal in BTC as long as the trend channel with the D-Close can be held! - On the contrary, the price is currently at an entry point from the perspective of the trend channel. - Resistance becomes support! After Bitcoin first failed very frequently at the horizontal resistance zone marked, it finally managed to break through. A resistance that can be overcome becomes a support. As this resistance was very strong, I also estimate the support to be strong. Conclusion: - The market structure remains intact. - The price is at an exciting entry point. Support here is provided by the trendlines and the horizontal level. - The price target looks realistic, a sensible SL enables a trade here with a CRV of over 4. - If the trend channel is left with the closing price, I end the trade. As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action! If you want to support my work I am happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader
1
BTC: Obstacle ahead....will go throughAlright, so the ultimate target is 125000€, but before that, BTC has a challenge to overcome. We're in the final wave of a cycle started in 2011 (I know, this Kraken data goes back to 2013, check Bitstamp) and there still is room to rise. However, this summer should see a chaotic time with a drop from an expected top at 66700€ down to a first support at 38000€. A word of warning on this expected obstacle: - wave 2 of (3) was shallow...so wave 4 of (3) could be deep and that leads to an intermediate trough at 29000€ minimum. Humm, I don't like it, don't want to believe in it! Anyhow, current trend is in a wave 3 of (3) of so higher highs are expected towards the end of 2021. wave (4) of is expected by mid-August.
Long
by djahma
# Bitcoin exhaustion towards 66700€## BTC is currently in a wave 5 of (3) of ...meaning: it's got room to rise in the mid term. (see my weekly chart) - But for this daily chart, most indicators scream "I'm tired": 1. Look at this volume trending lower with the trend 2. Look at this momentum not taking off (I dont care whether you look at PriceRateOfChange, RSI or MACD...they all convey the same momentum message: "Exhaustion", "I'm tired, let me rest") 3. Or the price itself shaping up in an ascending triangle. - However there's hope 1. If you are new to the crypto game, hop in fast to get a share of the current push towards 66700€, or wait for August bottom (ref: weekly chart) 2. If you are a 2013 veteran, stay in. Yes, this summer will be red, you could sell 20% of your position, but you will be gifted for Christmas, hold on just a few more months (ref: weekly chart)
Long
by djahma
BTC/USD COINBASEBTC/USD COINBASE 4H hollow candlesticks. After a HUGE Bullrun, we might see a HUGE correction as well. Price movement in the green parallel uptrend channel. If price breakout this channel... First stop at 40K, after breaking this support level we might expect the price at 20K or even below at 10K. Low volume. Bitcoin Price (BTC) = $56,936.69 -1.51% = 28.32 ETH +1.25% Market Cap: $1,919,513,740,709 24h Vol: $193,294,602,080 Dominance: BTC: 55.4% - ETH: 12.1% Good Luck CryptoHellas Team
COINBASE:BTCUSD
by CryptoHellas
BTC - next BULL RUNFirst of all: Where are we? For having a better idea about the scale and location of my analysis I added this snapshot of the BTC chart in the daily timeframe: About the core of my idea: My analysis is based on the 5h timeframe, in which i spotted the potential BUY chance. So I spotted this interesting downtrend channel. We saw a strong 6% bullish move today, so I wouldn't enter right now. Patience is key. So what I am waiting for is something like this: I am waiting for the price to, once again, touch the lower line of the channel, and then find enough support to take off (maybe for the last time in a while). How far is the current bullish move probably going? As I said before, I am expecting it to come back down, and then take off bigger. We might see price bounce off the red bar I marked right here, and then seek support at the lower side of my channel in order to finally break the red zone. In case all this happens, what is the trade going to look like? What I am expecting from this trade? The most likely scenario is that we make an approach to the green line, which I named "bouncer". From there we might actually retrace as low as the 50%, or even 100% level on the downside, just like this: Of course, it is possible that we even make new all-time-highs and chase the upside 50% and 100%, or even 125% extension target, which I identified with my system. Then, we might see numbers like 69.000, or 85.000 in the future. ------- of course, all that is just speculations. I am very open minded for both ideas, a hard correction, or another bull-run. What I will focuse on is catching the next bullish wave - regardless of how far it will reach towards the sky - or the moon - or mars. My trade will approximately look like this: Depending on where or when we touch that lower line of the channel, I am eyeballing an approximate initial RRR of 10 to 1, using approx. 2% risk (unleveraged). As I will not sell my entire position once we hit the green "bouncer" line, but only a part of it, the RRR will later improve drastically. ALL THAT IS FAR AWAY IN THE FUTURE AND REQUIRES THE PRICE TO HIT MY LOWER CHANNEL LINE AGAIN. Otherwise - I'm dropping this idea. Never chase a trade and don't be afraid to miss out on the big moves. Be careful out there. Thank you for reading. PS: Feel free to download this analysis for better understanding or scaling.
COINBASE:BTCUSDLong
by AlphaTradingGermany
7
BTC/USDT BINANCEBTC/USDT BINANCE 4H hollow candlesticks. After a price breakout of the green parallel uptrend channel, this purple parallel downtrend channel has formed. If the price breakout of this downtrend channel, a new TA is needed. Multiple support & resistance areas show as horizontal lines. High volume. MACD shows a bullish trend. Bitcoin Price (BTC) = $51,790.44 -7.76% 32.26 ETH1.48% Market Cap: $1,617,625,120,714 24h Vol: $169,708,355,716 Dominance: BTC: 59.7% ETH: 11.4% Good Luck CryptoHellas Team
by CryptoHellas