BTCEUR SELL: A solid bearish continuationIm taking a short-sell position on BTCEUR as I explained in yesterdays educational post (I believe Crypto is due for more losses based on my technical analysis)
What we have here is a wedge (or contraction in my books) leading to the 38.2% of the recent high to low of the swing of price.
Im targetting 123.6% of that move but will be happy to get out even at 100%... since I am a proactive trader I will monitor price action for any signs of an upmove reversal to collect profits and then if the bearish signs remain I will sell again.
BTCEUR
Bitcoin may hit 7400usd by first week of AprilDear readers,
After last weeks huge dip and follow up manipulated wicks, I see something huge to come by end of the month. I am speculating that by first week of April we may hit 7400 or more. I will eventually update this chart if I find any move that act against to this idea.
Trade Setup:
Buy price < 5300
stop loss < 4800
Target > 7300
Peace,
Budha
BTC/USD TA Update (bullish short-term pattern?)BTC/USD
Bitcoin is holding strong the price range between 5200-5400 zone and looks to be forming a bullish ascending triangle
as the price keeps making a series of higher lows. BTC just had a bullish MA cross of 50 & 100 moving averages on the 1H time-frame.
This signal short-term shift in momentum to the upside but still not confirm until immediate resistance at 5500 areas is broken.
If Bitcoin can confirm a bullish breakout in the coming few days. The upside target is between 0.5-0.618 fib resistance or 6k-6.5k zone.
When most indicators show extreme fear and oversold conditions we likely see a relief temporary bounce.
Bearish side, if BTC closes below 5k this will invalidate upside scenario.
Yet another great opportunity to buy the DIPHi all,
I am back with another idea. We are blessed to witness great price action over last week and got great new lows to buy for the life time opportunity.
On weekly:
Bulls gaining momentum to end the dip
On Lower time:
little bearish that may or may not take back to 4500s one more time
Daily Suggesting sideways with Bullish Momentum.
Yesterday is a great manipulation day that signaled Great Buy opportunities.
Trade Setup:
BUY : 4600- 5000
Peace,
Budha