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Btceuro

Big dip at 58000 euroHere is what I think will play out when the next big correction happens, which still looks like will happen on march 25th. If it gonna play out similar to the previous big correction. We now will have a slow run up to the march 25th if no bigger update or news happen that cause bitcoin to hit the crash line earlier we will still expect 25th be the day we see the big dip. The last few days of lows we could see where most of the support lines are and combining with some of the data of the previous run I think this be a possible scenario. 25th of March we will hit 58000 euro and start the decent down 26th due to contracts ending speed of fall increases 27th hit bottom at 49000 - 48000euro 28th we will get a small recover going up after people buying back after hitting bottom 29th Hit next bottom of 47000-46000 30th start rise because next day many crypto have updates on 31st 31st and 1 april be going up and depending how fast we go up we could see the start of next run up or if not will will go down 2nd April if still going down hit 46000 before going up again, to start the next run up to April 27 and hit 68000 I personally set a limit sell a alarm at 57000 and also a limit sell at 57900, after that I suggest keep eye on bookings list and depth to see where most bookings for it to dip down to. Extra tip Never be too greedy when setting your limit for buy or sale, if you set at precisely with large volume of booking there are chance you might only get a partial sell so I alway set the slightly lower to make sure it get sold and set buy limit slightly higher to make sure have a buy also.
by chungdha
1
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
Limbo action on BTCHello wonderful person! I have added my thoughts into the chart, hoping this will be quicker to read and understand than a wall of text. Just some pointers are that the first Fib retracement is added from the very start of this first upward price action (First trend). The second fib is actually a Fib trend extension that measures from the first correction and up to the top afterwards, and then to the 2nd correction. I will use this one to spot new resistant lines and support, but compare with the first fib retracement. Stay safe and good luck trading!
by egilagre
Pi cycle indicator closing in on cross?The pi cycle indicator crossing has correctly predicted the last three BTC tops within 3 days of those tops. At the beginning of Jan, the two indicator lines (green, gold) were $6.7k apart, on Feb 1 they were $4.5k apart, and now they are only $2.08k apart, as can be seen in the graph. Fortunately, they have begun to move more in parallel due to BTC's recent drop. However, a steep rise in BTC price (like tonight) would cause the lines to re-accelerate this gap closing at the prior pace of roughly $80/day. This rate would cause a crossing in roughly 25 days and a potential top in 28 days. I'm very long and watching this indicator closely because it's been so dam accurate in the past.
BITSTAMP:BTCUSDLong
by SIGPokerKing
3
Not out of the danger zone just yetHello beautiful person! Oh how long it has been since last posting in here, and I am sorry for this late post. It truly has been a very interesting month, and with this correction? It is a strong theory that the correction we experienced this week was manufactured by or by someone in F2Pool. This was evidence due to onchain analysis of wallet addresses and the speculation is that they wanted to earn money from shorting and selling and buying less expensive BTC on the way in again. However, this is speculation, but there are now people that have placed alerts on certain addresses from F2Pool so they are aware of next move from them. Just wanted to pop in here and give you my next 5 cents that this correction might not be over just yet, so be careful with your trades. There is not much volume seen in the market just now, so the bounce might be a "dead cat" even though the ALT market seem to be green. Just a word of caution. For myself, I have loaded up some more FIAT that is ready on the side line, if we do get more correction As you can see from the trend line that I had drawn previously, it is absolutely still valid. If this holds, we are still in a strong uptrend. As always, be safe out there and happy trading.
by egilagre
Bitcoin $100k-300+ Target - Watch out for rising volatilityBitcoin is clearly showing by it's path over the last 3 weeks where it is potentially heading and on what type of parabolic trajectory. If you project the last Bitcoin cycles growth after the breaking of the then all-time high (ATH) of $1.175 and reaching a peak at around $19.891 that makes a ~16.00% gain, so projected to breaking the ATH at $19.891 that gives a potential target for Bitcoin at $336.657 around mid-August 2021. If you then also take a look at the stock-to-flow model for Bitcoin you could derive another potential target at $100.000 around also mid-August. That give us two trend lines and a volatility channel to watch for and use The $300k upper trendline could be an indicator for resistance and the lower $100 target trend line a potential support level for each week. Please note the massive potential increase in volatility each week as the trend lines between $300k and $100k spread out. Prices can rise or drop in a range of 20k, then 3 weeks later 40k and so on. There is no guarantee (for anything) that Bitcoin will hover along on the upper trend line. And so far the initial pump buys above $30k maybe sending the wrong signals to some. Also be aware nobody! really knows what the target will be and influences or black swan events (compare with Corona price drop in Q1 or the SECs suit against Ripple) could occur in 2021. Bitcoin appears to be in the next complete madness cycles of ridiculous growth that pales all other asset classes. I have shifted my assets accordingly and am also (of course) closely watching alt coins. For now particular ETH and LTC. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** * this is not financial advice, but my own personal opinion *
BITFINEX:BTCUSDLong
by CarpeMomentum
How strong are the buying urges of the ins.companies?Hello beautiful person! So, these are really troubling times ahead, with a large holiday season coming real fast along with end of year. This month December is associated with expendure of cash and last chance investing before end of year. Will this be different, because of the covid and lock downs? will people buy less stuff for the holiday season? Will they rather invest some of the money rather than buying? just saving? or not affording to spend or save? Whilst these question keep buzzing around my skull, what are the institutional companies doing, their strategy, when BTC are starting to lose steam and are looking into a correction? WIll they keep buying the dips, hence minimizing the correction? Or will they allow the correction to play out in order to buy cheaper BTC? or worse, will they play along with the correction and sell along with the whales, hence steeping the correction even more in order to fill their lower buy in orders? At this day of age its hard to know, because we are in uncharted territories now in regards to really large players in the BTC market, and they tend to have different strategy than private investors and traders. Alas, the TA so far tell me that BTC have lost some steem and we are looking into a correction. However, I will not sell any BTC at this point, even if we will correct; because I believe 2021 will be a great year for crypto. If it correct, which I believe it will, I will buy some more. The price level I will look at is: - 15500 Euro, if this holds, and TA looks stronger, I will buy here. If TA still predicts a correction, I will wait to buy for next likely support. - 14800 Euro, Same strategy as above but it has stronger possibility to be supported and will probably have a small buy orders here. - 13800, this is a critical support line, because if this breaks the double top pattern is complete and indicates a strong correction. If this support breaks, we are looking for a larger drop, and this support line is a place I will be watching closely. If this holds, this support line could be a good bounce to move upwards. BUT like I said before, these are really uncharted territories with these heavy type of investors, and trading now is risky, at least how I see it. I still believe strongly in BTC and will continue to invest. Stay safe and hope you all are having a great time.
by egilagre
Current trendline confirmed, for now!Hello wonderful person! Hoper you have had a great & safe weekend. There was a sharp correction and test on the BTC price happening yesterday, but the current trendline held. We might see another correction, but if so; the trendline should still hold. The indicators are still strong, although they are showing some loss in strength, but still strong. There are two things I changed on the chart: - Extended the fib retracement to match current top. - Extended current trendline in the same angle, in order to capture current and future price actions. PS Just because indicators show a continuous strength, with a possible correction. There might come news in the media that can instantly shift the course any direction. Therefore important you keep yourself updated at all time, stop losses in place; and only trade what you can afford to lose. Have a great day, and happy trading!!
by egilagre
Massive breakout, new fib retracement drawnedHello Wonderful person! We saw a very good break out and turned the resistant line in to proven support line, which is awesome! There are a couple of concerns with some indicators that momentum is fading off, but lets see if there will be more strength added this week. (dont forget to check the RSI). Interesting pointers are the new fib retracement that almost perfectly matches the new support line, and the current trendline is holding. It is not unheard of that we might see a correction down to the next trendline, around 12500 Euro.
by egilagre
Break trendline or break resistant line?Hello wonderful person! Now it is breakout point one way or another. Either the current trendline will hold and the resistant line is broken. OR current trendline is broken and resistant line is holding, which means next price is 12200 Euro; but might bounce at 12950 Euro (depending on the strength) My indicators point more towards a correction, and we will bounce at 12960; and might continue to the next trend line at 12200 euro. Have to wait and see what the indicators tell at that time. What is yours? As always, stay safe and sane, happy trading all!
by egilagre
Current Trendline closing in the tough resistant lineHello wonderful person! I am trying out a new way of delivering messages in the articles by having more text and symbols in the chart itself rather than writing them in the article. Hope it will be a more efficient way, but I am open for suggestion in the comment. Small conclusion about a key factor I am watching now, is the wedge between resistant line and the current trendline. One way or another, we will have a breakout from this in the next couple days (within this week). As always, please stay safe and sane in these times and happy trading!
by egilagre