BTCEUR trade ideas
Small move up and then a small correctionHello wonderful person,
I have just come home after a well rested Easter holiday, so this article will be shorter than usual and I have added most thoughts into the chart.
Previous prediction of drawn movement was not that off, and that was quite pleasing (The light blue drawing on top).
Final thoughts are that I think BTC will still move sideways with small inclination and hug the bottom trend line, only to perform a new small correction (see chart text).
Oh, and if you had hedged BTC with adding some ALT into your portoflio, congrats! You would have had some nice gains when BTC was sideways.
As always, be safe- trade safe- and happy trading!
Interesting fact: 5 waves formedFun facts: 5 waves is formed on BTCEUR pair but not on BTCUSD
on this BTCEUR chart, major point (1) and point (4) is not intersect, which is a valid elliott waves.
However, the case is different on BTCUSDT pair. The point (4) is dipping below point (1) and so it is invalid.
Anyway, BTC seems exhausted at the moment, it failed to break ATH 61800 whereas others cryptocurrency broke its records.
Congratulation for ETH hodlers, the value of ETH will not be limited to 2100USD ONLY.
UPDATE
We're now testing the EMA Ribbon lines again.
Let's be patient and wait for the next few block of candlesticks for a buy/sell confirmation.
Ascending triangleAscending triangle
Price prediction : 52845
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Cup & handle for bitcoinCup & handle for bitcoin
Price prediction : 57647
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$BTCEUR is ready for an upside breakout$BTCEUR is testing 49300 for a breakout higher to target 54000. Build your holding
BTCEURBTC/EUR Supply and Demand view.
In this moment, im still waiting for BTC to come for more demand zone, fill 50% of Trading Range and explode to the upside.
has been a weak short term period for BTCHello wonderful person!
So, the expected launch was not impressive and looked more like a hobby sized rocket launch than a NASA or Space-X version to the moon.
BTC dropped and moved very cautious with any strong momentum. Could it be because stock market is strong, and yield is back up? Maybe...
Personally, I need BTC to break the previous trend line in order to have full faith again (for a large bull in shorter term window, but I still have 100% faith in BTC fundamentals).
The ALT coins have seen massive gains, and strong sentiment that ALT season is still upon us (for those who wish to venture into those risky adventures).
Hedging BTC with large cap ALT coins within DeFi (UNI,Terra, Cake, etc), NFT (Theta, Chiliz, Flow, Enjin, Mana, etc) and Platform (BNB, Ada, Atom, DOT etc), would have given nice gains on both Euro and BTC front; and still believe that ALT have more room to grow
Just mentioning some to give an example, not a financial advice.
By hedging with for example 60% BTC and 40% strong ALT, you would not be that vulnerable WHEN BTC start to gain momentum again; whilst still have some nice gains from ALT coin season.
Stay safe out there and have a great time with trading, and remember to trade only what you can afford to lose and do not forget to book some profit!
BTCEUR 28 MAR 2021 1240 hrs (order block/volume)I used to think price action alone was too high risk. But I have opened my mind to price action tactics and all i can say is yes you can trade price action with a greater than 80% success rate (or better) . So credit where credit is due and apologes where apologoes are due... to the price action guys.
however.. why not use an indicator that gives you a fairly accurate estimate of the force that will likey come from that previous order block
Price has been bumping off of that supply block/supply zone. I do like the idea of calling it a block versus a zone. Price wats to clear that block before getting through it. some order blocks may not get revisited for months. Its the old look to the left of your chart basic technique.
Our job as retail is to target the order block... that is it. What we do when price arrives at that order block, wether to buy or sell will come back down to your range analysis. A pretty large advantage you gain using volume over price action alone is that you can roughly determine when the block is cleared and price is either ready to mark up or mark down.
If the order block is in a supply zone we would look for a no demand
If the order block is in a demand zone we would look for the no supply.
Bull flag for bitcoinBull flag for bitcoin
Price prediction : 56300
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BTC next move 2021.03.26 Possible M paternIf the one hour closes lile that its a hanging man candle, and then a possible M patern going to 43,6 k Eur
BTC medium term projection I am showing what I see as a medium term possibility for BTC using Fibonacci and Elliot theory to project out in time if the cycle remains as is.
This is for my records and not financial advice.
Final Standwe need these 2 line's to Hold or risk a Free Fall and lose a uptrend from December on the euro btc chart 1H
