Bitcoin / Euro Pitchfork experimental ideaDoes Bitcoin / Euro give a new perspective compared to the usual Bitcoin / USD chart?
I drew a Modified Schiff Pitchfork with anchor-points December 2018, November 2021 and November 2022.
It seems to respect the Fib levels and 0.25, 0.5, 0.75, 1.0 levels well. Let´s see how it plays out.
BTCEUR trade ideas
BTC/EUR. Eyeballing across the €100'000 roofBitcoin robustly pumped to $100,000 and above for the first time on Wednesday, December 4, 2024 surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January.
Chief among the picks is Paul Atkins, whom Trump intends to nominate to lead the Securities and Exchange Commission (SEC), which regulates cryptocurrency.
Atkins, know in social media as a crypto advocate and former SEC commissioner, is expected to regulate cryptocurrency with a lighter touch than Gary Gensler, who leads the commission under the Biden administration. Gensler, who aggressively fought the industry’s expansion in the US, is set to resign on Inauguration Day.
Bitcoin touched $100,000 just hours after Atkins was announced as Trump’s choice for SEC chair.
This is all right with the new milestone (counted in greenback), built on the stunning rally since Trump won the presidency throne on November 6, which fueled a $6,000 one-day spike in bitcoin that brought it to a new record above $74,000. A week later, it hit $90,000.
By the way.. The main technical graph for BTC/EUR COINBASE:BTCEUR says €100'000 milestone has not been passed through yet to this time.
While talks are talking, last exam is not passed yet. Macro data still stoke fears over a possible recession and the notion that the Federal Reserve could be too slow with cutting interest rates. Non-farm payroll added just 12K new places last month.
Fresh labor market data is on the radars on Friday, Dec 06 (+202K non-farm payroll forecasted).
Sure, there is "no guarantee", though.. until last exam is not passed yet.
In case of success only, we can talk about further growth towards 150 thousand euros.
292.000€ Bullrun Bitcoin - Continuation Shoulder Head ShoulderAs can be seen from the private videos, the bottom in form of a SHS continuation has formed.
I wait for month to go public with this Chart but i expect a lower right shoulder with approx. 25k-33k so its more symetrical. A little bit sad that i must NOW after everybody talks about the bullrun, i go public with it.
1. Szenario: Retest of the yellow neckline and targeting 118.000€.
2. Szenario: Forming as usual a new pattern and over the next month a controlled level up game with target of 292.000€ its atm the same as approc. 343.000$.
GL & HF
BTC correctionaccording to this LuxAlgo indicator, BTC can undergo a short correction. This is due to the red zone the price is in. The red zone indicates a low money flow, people do not buy or sell a lot in this zones. This suggests BTC is slighly overbought. At the other hand, the sentiment profile (at the left of the profilemap) shows a strong market, with even 100% change on bouncing futher to HH.
Trend Analysis of prediction for next peak is coming Using the Log scale, from the last cycle top which has been broken in Nov, a estimate of the exponential peak will be sometime after Feb'25.
With all the chatter about the incoming Trump Administration and the pro bitcoin Billionaires from Jan '25 on should see the RSI peak in the 1st Half of '25 in my humble view.
It is my opinion only and not financial advice
ITS gonna boom possiblyI am testing my own mathematical indicator derived from Lagrange Theory.
Its showing good signal and trend reversal.
LII is for buy and sell signal whereas LMV is for trend reversal pattern. So far its good.
Along with i use the combination of Trix and named as TRIX multiple created using ptne script editor that is available publicly now.
These two indicator are still under testing. Another anyone can try and give me feedback. With these three i can see the possibilities of BTC going upward.