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EURUSD - Multiple Indications for Bullish MovementSummary of indications: Market @ weekly Support Market ready to bounce up from daily Trendline Support RSI Indicator is oversold ------------- Hi Traders! The idea of this setup about our analysis, that the market is very likely to move up. Therefore, here are some indications (other exists too): Firstly, the market reached the weekly Support Level closely. It didn't touched it yet, but is possible to move up. Be aware, that the market also could touch the Support first, before it goes up. The second thing is that the market is at the daily Trendline. This daily Trendline is descending, but supporting and it got respected in the past too. Another clue is that the RSI-Oscillator shows a very unsold stage from which it is coming back. The lowest value of the RSI was around 20. Our TP would be the next Resistance, which also confluences with the 50.0% Fibonacci Retracement. If you have another point of view, something to add or anything to ask, feel free to do so! Thanks and successful Trading :-)! (****Take your own risk!*****)
Long
by swissmoneymakers
REALISTIC RECOVERY AFTER THE MAZE - MICROSTRATEGY - MSTR - DAILYRare are the one's publicly showing that they are going all in the bitcoin investment because of its volatility. Looking at the MSTR Nasdaq "Microstrategy" curve since 2020, we see a pattern looking like any small gem crypto chart pattern on any DEFI (Decentralized Finance) platform. It went up with lot of maze, became parabolic and ended with super volumes top squeeze. After the fall we see some consolidation and later on a more realistic price increase in a flatter angle. The red horizontal zone is probably the area where the price is trying to find a support. Huge sells volumes have been defeated recently. We will probably see the price increase if it passes over this red zone with nice volumes. The end of year possibly will probably see a much more "greener" Bitcoin, will it become profitable for MSTR? ____________________________________________________________________________________ Thanks for your likes, shares and comments! Much appreciated! This is not financial advise, just some ideas shared with the community.
NASDAQ:MSTRLong
by Diallo_Charts_Ideas
Crypto.com - Simply Bullish? (Small update v3)As usual, not investing advice. I've been very happy with the results so far from CRO/USD but wanted to give a small update. I added a small purple heart line between the blue bull trend line & the orange parabolic line shortly after releasing my 2nd chart. After watching and seeing this line showing strong influence of rejections & possibly now support, I thought it would be a good idea to share with everyone and see what you all think. Cheers.
Long
by Crypto-TJ
17
Elon Musk Buys Bitcoin!!! Get Ready for Mars — The Elon effectPaying for Tesla products via bitcoin Brand merge company with Bitcoin — vanguard for Bitcoin — Businessman and women have been coming out in doves supporting Bitcoin. However, we are yet to see major retail companies taking payments in Bitcoin or Altcoins. If the Elon’s empire integrates with Blockchain he might create a whole wave of revolutionized payments. SpaceX took Buying Bitcoin on when Support of Bitocin and Elon’s mission go back with popular names often question when this investment was going to happen. Tesla’s new expansion into the home power and HVAC sector shows the range of products they are considering. In the decades to come, I see a fulling powered by Tesla Lifestyle. Why be surprised if you pay with Bitcoin? “We think of bitcoin like internet gold,” Cameron Winklevoss told Portnoy in a video that’s been viewed over 500,000 times on Twitter. They went on to say Elon has spoken about needing a payment system for space — Coming from the creator of Paypal it’s the biggest validation you could ever want. “Bitcoin is a safer bet than gold due to Elon Musk’s to mine the precious metal from asteroids.” Cameron Winklevoss told Portnoy I can’t give official advice as I ask for you to make your own decisions based on your own research. My thoughts Waits for the hype to calm — Once we reach $42,000 I see the price making a blue sty break-out to $50,000. There is a line of support at both these prices that signal for a bullish deviation to break the current highest price. I am long in Bitcoin. Personally, I see the value of bitcoin as a potential store of wealth for me to invest in my business. First time I bought in 2017, seeing the 2018 hype now I see a serious future to the currency. As companies accept bitcoin in retail, the demand will grow and those with supply benefit form their position. The Great Re:Set is something I have seen from The World Economic Forum and other international bodies. No one seems to know whats this means. However, it is clear that a shift is coming. Futureproofing for this with a decentralised blockchain is protection from this. I feel that Elon has seen; what’s happening with the price of bitcoin, The Fed printing dollars and the Lockdowns slowing economies worldwide. Payments are going to change soon and blockchain seems like a more and more valid option. Thank you for getting Here
BITSTAMP:BTCUSD
by merlin.headington
1
Why is there no direction in the price of the Bitcoin?Acutally, so many outside influences make it difficult to predict which way the price of Bitcoin will go. Bulls and bears keep the price well in a balance and it remains inside a narrow bandwidth with very low volumes. Let us try to see the whole picture. I list here the main fundamentals and present a chart, which shows the partly interfering trends and signals. What are the fundamentals? • News from South Korea about banning cryptocurrency trading in the future. • News from China about banning cryptocurrency mining and verification. • Right now, China hosts 80% of the computer capacity for the Bitcoin blockchain. Will operation of the Bitcoin come to a temporarily halt? Will investors lose Bitcoins? What about the mining contracts? How long will it take to replace this huge computer capacity? • News from USA that they will sell seized Bitcoins worth over 300 million US-Dollars. • News from Bulgaria that they will sell seized Bitcoins worth 3.5 billion US-Dollars. • Because of the newly implemented high transaction fees, will Bitcoin survive as a payment coin? What can we read in the chart? • There is a red dashed line at 14129. Below that line, the scenario is bearish and above that line, the scenario is bullish. • There is a triangle, drawn in dark-blue color. Bitcoin is actually at point 4. From there, it should continue in direction of point 5 and there, it should outbreak on the upper side of the triangle. • However, we see that the price moves in direction of point 4 again instead of point 5. Will there be a downside breakout today? In the last few weeks, we experienced already enough downside breakouts. • Since January 7, 2018, the value of the Bitcoin moves down inside a channel with blue dotted borderlines. • On the same time, it is also within a sideward channel build by the red dashed line and the yellow dashed line. It is not very likely that we will see a decisive move in either direction. I expect over the weekend low volumes and the price oscillating inside the square that is built by the blue downward channel and the sideward channel between the red and the yellow line. However, we have to be prepared for a downward outbreak, which would result in a free fall down to the level of 5568. This could happen if some traders would start selling in panic in a market with low volumes. In this case, use the opportunity for buying cheap Bitcoins. What is the best strategy in such a quiet and boring market? Two subjects are becoming important in such a quiet market: • Market Corrections • Portfolio Erosion Goldbug1 has written a great article about both subjects. I recommend reading it. Personally, I learned important things about how to trade such a difficult market. It is really worth reading about his strategies. Please click on the chart below for reading it. I wish you good luck, happy trading and a great weekend. Luckyhelper
COINBASE:BTCUSD
by luckyhelper