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BTCEUR trade ideas

Quicker the darkside is. Stronger, notHello beautiful person! Quick article, just wanted to heed you all a warning if you think about entering or trading. Price had a very strong support at expected level 25k euro, and bounced upwards. However it is wise to wait for a confirmation before entering, in order to minimize risk. Confirmation would come in form of breaking resistant line (previous support), and retesting as a new support line; while holding. This confirms that downward momentum is lower than the upward momentum, and we can see increase in price or sideways. Stay safe out there and control your feelings! Darkside, quicker it is. Stronger; it is not! PS Sorry For the messy chart. It was totally different from preview and to publish.
by egilagre
BTC in sync with previous cycles, bears to stay for nowCapturing the major bull runs from 2017, 2019 and 2021 in one overview. Comparing these cycles, the bearish phase consistently shows two major support zones. After confirmed death cross in previous cycles, the price broke the 1st support and found support at the lower support. When translating to the current price action, there is an important support at 24k Euro. If the death cross is confirmed, I am expecting further downside action towards the second support zone at 13k Euro at which I am expecting long term bullish sentiment to develop again. This analysis suggests that price will NOT reach ATH again in 2021, but rather continue bearish and only in 2022 find itself going back up. Of course, this year has seen institutional involvement more than ever, so it will be interesting to see whether BTC will find solid ground earlier than expected. Let me know what you think.
Short
by Avanstee
4
Been here before- Deja Vue!Hello wonderful person! We have been here before in these price ranges, and not that overall surprising that we are retesting. Especially considering how the stock market are correcting in USA. If the Stock market continues to correct, then BTC short term will follow and possibly test the support at 22k Euro. Be careful! if you believe in BTC; nothing changed. If you are a BTC trader, things just got more volatile, and dont forget your stop losses & profit taking; probably would not be a bad time to have some cash and stay on the side line until we see some confirmed trend breakout. For my part: I am HODLING with my hodl portfolio, and sold some of my trading portfolio in order to have some cash. I believe in BTC and will hodl, I believe in some of the large cap ALTS and will hodl. Stay safe, and if you are venturing into volatile territory and trade, trade safe and book those profits!
by egilagre
Wedge Breakout with S/R flip and Fibonacci confluence The wedge has finally broken out and has created a retest and seems to be coming down crushing, hopefully it keeps going down. The support which was broken yesterday has now turned to a resistance and price bounced off the 50% Fibonacci level. The traders dynamic index has also provided extra confluence with the the green line going below the yellow market baseline. I can finally say all my conditions for this trade are met. Fingers crossed its a win.
Short
by Elvis_ben
4
BTC/EUR is up to somethingThe publishing shows BTC/EUR on a weekview. First the facts; it has not shown a strong comeback after 2 weeks of going down. The higher lows and lower highs implicate that something is on its way. So far the facts. Now the million dollar question; what is it going to do next? Zooming out gives you overview, to look at the present trend. The present sideways movement looks like the market is waiting for an external input, like for example news ( positive or negative ), to make the decision for us. Without external news: if it does not want to go up, than it will probably fall, since in the end, there are only 2 tastes available. I think it is not ready with the downfall yet, the red candles show a too strong signal on a weekview. Time will tell if Im right. By the way, a downfall might not last very long, since there are simply too many people with too much money burning in their pockets :) So you are all invited to let me know what you think of my review. Greets, R.
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by Dat0herinner0ik0mij0anders