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BTCEUR

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
Newb prediction: €60k Euros ATH within two weeks.Is there a trend in the correction? During the two previous events where BTC hovered at a support level, both events lasted approximately 7 days and then BTC took off for another run, if there is a pattern we may see one more day with BTC struggling to get past the resistance level of €50k euros but by the 23rd March with luck BTC may return to recent velocity and potentially hitting a new world breaking ATH of €60k euros before mid April.
Long
by TobesVibration
2
Supports for the next big BTC correctionSo last few days dropping down could be seen as test where the support line would be, so that about 45000euro and did not fall down further and next big dip would also not fall beyond that. The timing of the next dip really depends how fast we are going to hit that red line, but most 25 days upwards trend happened for the last two dips, most likely this time would be the same and see the start of the dip happening on March 25th and lowest it could drop be 45000euro which is around 54370usd.
by chungdha
Elliot Waves Complete Guide | Chapter 3.4 - "Barrier/Expanded"Hello Traders. Welcome to Chapter 3.4, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the realm of technical analysis and these textbook patterns also have Elliot Wave patterns within these common patterns. So, as you can see, if you can memorize the simple patterns, then you can start applying more advanced theories on top of them! Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat Correction , Expanded Flat 3.3 Running Flat, Contracting Triangle 3.4 Barrier Triangle, Expanded Triangle 3.5 Double-Three 3.6 Triple-Three ----- Barrier Triangle The only difference from the contracting triangle is that the line BD or ACE is horizontal. This is actually a very common pattern we see used daily by traders - the "ascending triangle". The other one goes towards a horizontal line, so a Barrier Triangle is a variation of the contracting pattern. A barrier triangle has the same characteristics as a contracting triangle except that waves B and D end at essentially the same level. Expanded Triangle Most rules are the same as for contracting triangles, with these minor differences (make sure to memorize these as well!): - Waves C, D, and E each move beyond the end of the previous same-directional subwave (the result is that going forward in time, a line connecting the ends of waves B and D diverges from a line connecting the ends of waves A and C.) In the next chapter we will be going over the double three, and finally the triple three as a conclusion to chapter 3. Make sure to read review all of my previous chapters. It will start to get more advanced!
BITSTAMP:BTCUSDEducation
by XForceGlobal
15
BITCOIN DOUBLE TOP (WARNING)Bitcoin is rallying on low volume, extremely low volume in fact. This is a clear divergence between price and what is actually going on. Like I said previously I believe we will see 15K this year. Yes we can create a fakeout of the highs, yes we can remain at these high levels for the rest of the month but at some point when price starts to turn and everyone starts to run for the door price will crash fairly quickly. Human nature does not change Ninjas!
BITSTAMP:BTCUSDShort
by NinjaTradingServices
15