btceur top would be if 200% gain happens in less than 40 days.This is not the top.
Previous top followed the 250% gain that happen during only 6 weeks.
The speed of acceleration is not yet at maximum like it was during the previous rally.
There would be a short 2 week -20% pullback soon, around about 38 000 € or c. $45 000.
But bigger dip with 40% would be 3 Months later in April.
And if real HODLer will hold and survive the -40% they will see biggest 250% gain to prices above 150 000 in May.
After that I expect the real long Bear Market for 360 Days like the whole 2018 to prices below 25 000€
BTCEUR
Parabolic advance always ends up crashingWe came up to near $20,000 from the $12,000 breakout of the Cup&Handle pattern, but with a rapid parabolic advance.
Whenever prices change too quickly in a short period, it tends to correct hard.
Right now we're seeing similar pattern happening across the board, gold is also showing a parabolic roll over.
With that said, Bitcoin is still in a bull cycle makes it hard to short. For the moment I'm not engaged in any trade, being patient is also a part of the job.
###NOT FINANCIAL ADVICE###
Investing in BTCBTC has begun his journey to a 6 figure value asset.
We must think to ourselves what is our position in this market. Are we traders or are we investors? Because I see a lot of investors behavin like traders and letting themselves be caught in the trader mentality.
We are bombed with youtubers and gurus predicting the tops and bottoms, urging us to sell our positions to reenter at a better price or predicting a bottom so deep that never happens and keeping so many people out of this new gold rush.
If you want to invest in btc, behave like an investor.
Reduce the noise around you, put your position in (by euro cost average or just buying the hole position, that's up to you), relax and always check the price in a high time frame.
Get in the train, the journey has began but we are only in the beginning
btceur bear market will start earlier will end earlierAs earlier the Bear market correcion will start as faster it will end.
if bitcoin will continue rising and reach the parallel channel top at 30000 €uro then the following bear market will hold more than 1 year till middle of 2022.
Parallel channel to 2019 ATH is broken.
Parallel channel to 2018 ATH is close.
25000 €uro ca. 30000 USD is target to sell.
But it is very risky now to enter any Markets
Brexit deal failed from economic point of view...
COVID Mutation is more pandemic and even more deadly...
Almost all EU countries entering harder lockdowns in next days ....
Vacation will effect earliest end of Summer.
I expect an awakening after Christmas holidays are over on 28 December and next week all markets will crush.
CME Cheat Sheet 2021CME Group Futures Dates:
Dec 2020 BTCZ20 16 Dec 2019 > 24 Dec 2020 Settlement: 28 Dec 2020 -
Jan 2021 BTCF21 03 Aug 2020 > 29 Jan 2021 Settlement: 01 Feb 2021 -
Feb 2021 BTCG21 31 Aug 2020 > 26 Feb 2021 Settlement: 01 Mar 2021 -
Mar 2021 BTCH21 28 Sep 2020 > 26 Mar 2021 Settlement: 29 Mar 2021 -
Apr 2021 BTCJ21 02 Nov 2020 > 30 Apr 2021 Settlement: 03 May 2021 -
May 2021 BTCK21 30 Nov 2020 > 28 May 2021 Settlement: 01 Jun 2021 -
Jun 2021 BTCM21 28 Dec 2020 > 25 Jun 2021 Settlement: 28 Jun 2021 -
Dec 2021 BTCZ21 30 Dec 2019 > 31 Dec 2021 Settlement: 03 Jan 2022 -
Dec 2022 BTCZ22 28 Dec 2020 > 30 Dec 2022 Settlement: 03 Jan 2023 -
Source:
www.cmegroup.com
CME Bitcoin Gaps Study:
marketsscience.com
CME Futures Info:
www.cmegroup.com
CME Futures Open Interest Info:
www.cmegroup.com
Indicator To Track CME Sunday Opens:
🚀 XRP COULD PUMP VERY SOON AGAINST BTC 🚀
XRP'S PRICE IS RIGHT NOW AT A LEVEL WHERE, IN ITS HISTORY, IT PUMPS TWICE AGAINST BITCOIN'S PRICE.
WILL IT PUMP AGAIN?
HERE YOU'VE GOT OUR VIEW OF POSSIBLE NEXT TARGETS.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - cit. WARREN BUFFETT
HIT THE LIKE BUTTON TO SUPPORT OUR WORK! COME ON! IT'S FOR FREE 😄
This Is How Bitcoin Goes PARABOLIC - Merry Christmas MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
DO NOT BE LEFT BEHIND Bitcoin Bull Market Is here right now
Crypto Is Very Bullish right now should move a lot higher
This market has potential parabolic structure
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
btceur 15000 next week then pump to 20000 before crush to 9000Bitcoin Parabolic rally getting stacked and will most possibly have a small -5% pullback to 15000 and then there will be a pump to 20000 till end of the year.
Then the bull market will start due to bankruptcy waves after the disastrous financial year 2020 will be show the hidden side of iceberg of financial crisis.
We will have a 50% crush in 2021 till 9000 or even lower.
20201221 XBTEUR Short Accumulation Season (Update)So this is a continuation of previous, but since Trading view do not allow to see progress over time with renko, this is the same in Candlestick. I prefer to see it in renko to remove all noise, i recommend you take the habit on doing so as well.
As you can see, in Kraken we had a huge pin after 2017 bull run... right when price was falling, its like somebody in kraken bought or everything or a market buy maybe made a glitch... who knows... but since we are back to that pin,
as usual over time...
Cheers!
-CharterX
Elliot Waves Complete Guide | Chapter 2.1 - "Motive Waves"Hello Traders. I hope you enjoyed chapter 1 and studied hard. If you are having a hard time understanding chapter 2, please go back to chapter 1 and study that chapter first.
Chapter 2 - Motive Waves:
2.1 Impulse, Leading Diagonal
2.2 Ending Diagonal, Truncation
2.4 Extension, Fifth Wave Extensions
------
2.1 Impulse, Leading Diagonal:
Impulse Wave
As previously discussed in chapter 1, 'Motive Waves' are subdivided into five waves. These five waves always move in the same direction of the current trend by degrees. The countertrend of wave 2 never moves beyond the beginning of wave 1 and wave 4 moves never beyond the beginning of wave 3. The impulse wave is one of the most common of wave types. In the impulse, wave 4 never overlaps with the high of wave 1. Waves 1,2,5 are themselves are what is called "motive." Also, wave 3 is NEVER the shortest wave and always an impulse
Leading Diagonal
The leading diagonal is also considered a motive wave, but not an impulse. It is a subcategory of a motive wave because it also has corrective characteristics. Wave 4 overlaps with the top of wave 1 and can be the wave 1 of an impulse or a Wave A of an ABC correction. It's structure can be seen as: 3-3,3,3,3 or 5,3,5,3,5. For the leading diagonal, wave 4 overlaps with wave 1 and has a smaller retracement than our wave 2 as shown above. It is usually followed by a wave 2 in a motive wave or by a B wave in an ABC correction.
20201219 XBTEUR Short Accumulation SeasonHello Everyone,
I's been a while since i do not post. They did not let me post when i called the uptrend.. so let's see if now its all ok.
So the main idea is on screen. I have been waiting this butterfly for long, i actually thought there would be small downtrend before uptrend but it looks like someone is on a rush. There's evidence on RSI of it. In any case it was beautiful to see this last uptrend period. Hell of a move!
So as you see, we now have a bearish butterfly pattern in this market. This pattern it has been used for some time because if you traded well since beginning, it will give you hell of profits.. Same way sometimes whales use the Wyckoff, same way the y use the Bearish Butterfly Pattern.
As soon as we touched the 1.27 there was a stop. It is likely that we now enter a new supply area to end this cycle.
If you have study charts for big markets in this case im going to call the SOY .. for many years it was bouncing in a big range.. in horizontal before going up. So since btc its still young compare to oldest markets... i would say we could probably see same effect around here.. or like TESLA for instance... it made 2 W's before going rocket. We could see anther W ... bigger... that would make a huge double bottom (made of two smalls each).
Remember February to May is coming... Companies will have to present to IRS losses and profits after a pandemic . BTC right now have done almost the same movement of gold. A lot is going under the table and i think people is not seeing it. Inflation effects.. etc. selloffs are around the corner in a lot of major markets next yeat)
Anyway.. Im not saying it would start falling right away but pay attention on where are we standing right now. I would start doing profits and accumulating small shorts (this is not trade or financial advice, this are personal ideas... if i were a whale ;) )
Ill share a lot of graphics in the next coming days
Trade Safe!
Cheers,
-CharterX
btcusd 200000 middle of next year if rally like 2017 will repeatWhen the rally will follow same scenario like in 2017 with 10x gains of all cryptos, we could see 200 000 USD Bitcoin already middle of next year.
Main pullbacks could be
-from 30000 to 20000
-from 60000 to 30000
In this case there will be no more bitcoin below 30000 anymore.
But do not go all in, only invest as much as you can lose.
BTC EUR next movesDescending triangles can form as a reversal pattern to an uptrend, but they are generally seen as bearish continuation patterns.
Most traders look to initiate a short position following a high volume breakdown from lower trend line support in a descending triangle chart pattern. In general, the price target for the chart pattern is equal to the entry price minus the vertical height between the two trend lines at the time of the breakdown. The bottom trend line support also serves as a stop-loss level for traders to limit their potential losses.
The limitation of triangles is the potential for a false breakdown. There are even situations where the trend lines will need to be redrawn as the price action breaks out in the opposite direction - no chart pattern is perfect. If a breakdown doesn't occur, it could rebound to re-test the upper trend line resistance before making another move lower to re-test lower trend line support levels. The more times that the price touches the support and resistance levels, the more reliable the chart pattern.
There are two possible scenarios in the next couple of hours: BTC retests resistance line and breaks it, and then retests again the next resistance line; BTC breaks support and falls until next support. Putting SL right under 50 MA.
bitcoin dominance is over Monday the altseason will startThe market dominance of bitcoin TOUCHED THE MAXIMUM and will shrink this weekend.
Means bitcoin buyers are finished accumulation and now the price will stay at 24000 pet Bitcoin or at most jumping very volatily between 30000 and 22000 when investments in form of bitcoins will flow into alternative crypto coins with similar if not more expressive FOMO Rally like in December 2017.
Alternative coin Rally will start this weekend and hold most possibly a month.
Most cheapest altcoins with at least 1million Market capitalisation and 100k Daily Trading volume will rocket up to 10x and may be 100x.
Short Bitcoin buy Altcoins - this is your chance, that happens only once in two years
2016
2018
and now
2020
Elliot Waves Complete Guide | Chapter 1 - "The Overall Cycle"Hello Traders. I would like to introduce a new series of articles pertaining to the Elliot Wave theory. We are seeing higher interest in Elliot Wave theories these days but many traders and investors have a hard time grasping the foundation of Elliot Waves. I would like to finally start implementing my overall view of the basics on Elliot Waves so that investors can start understanding the many great charts we have here on TradingView. The Elliott Wave Theory is one of the best tools to describe how markets behave from both a technical and market psychology perspective. It is used to identify the end of a movement and predict where the market will turn via reversals. In combination of basic patterns, indicators, and Elliot Waves, you can have the secret recipe to a high probability, or near perfect trade.
I will be dividing the chapters as followed:
Chapter 1: The Overall Cycle
Chapter 2: Motive Waves
Chapter 3: Corrective Waves
Chapter 4: Variations of Waves