Head & shoulderHead & shoulder we can go to 24689.
If the supportline don't hold. We can go to 18611.
BTCEUR trade ideas
Technical Analysis BTC/EURAfter a correction phase of 20-25% , the market climb up and is dropped down again towards a support level.
As you can see we are having a ascending triangle in which the market will possibly breakout from and hits to the barrier of the resistance level of 34300 EUR from the ATH .
EMA 200/50:
Looking at the EMA of 200/50 it still confirms the upwards trend we are in ⬆️
RSI:
We are seeing a decrease of the RSI since 8th of January.( explains the drop in the market )
With currently having a RSI of 57 we still have a more buying power in the market but is not solid enough for a big push.
We still seeing a upwards trend, it’s just waiting for the market to breakout and push trough the resistance level and create a new ATH🔥
Please let me know what you think of my technical analysis and feel free to like or share your thoughts🙌🏼👨🏼💻
Bitcoin Price Pprediction ARTThis is my vision for BTC, revealed to me by the flying spagetti monster.
Like the old saying goes;
Why drink and drive, when you can make price predicton ART. That Flyes!
Technical Analysis BTC/EUR by NvDAfter a correction phase of 20-25% , we now are moving towards the resistance level of 34300 EUR from the ATH .
Looking at the EMA of 200/50 it confirms the upwards trend we are in ⬆️
Looking to the RSI the market buying more then it’s selling which gives a good indication along with the other indicators that we are in a upwards trend.
Now we know know we are going upwards , it’s just waiting for the market to push trough the resistance level en create a new ATH🔥
Please let me know what you think of my technical analysis and feel free to share your thoughts🙌🏼👨🏼💻
Profit booking form higher level- Long view is still positive Bitcoin has seen selling pressure from recent highs of 34 K followed by strong bull counter attack, It seems initiation of Impulse wave is round the corner if the price moves up and remains above 33700. those with existing position can hold as per their risk reward appetite, looking at volatility a deep stop loss of 22500 can be maintained. Fresh entry can be avoided till resistance is not breached.
Symmetrical triangle for bitcoinSymmetrical triangle for bitcoin.
We shall go to the 34000 line.
Don't forget to push the like bottum. Thank you.
Risky areaIt seems that there still exists a bearish trend on Bitcoin, if this rising wedge is not broken it could mean a drop. Lets hope it has strenght to break it
BTC Ascending Triangle - Breakout imminentAfter cooling off for a bit, as I expected (see previous idea), BTC formed an ascending triangle and it is about to breakout. If it breaks to the upside, which I expect, we will likely see new ATH.
Bitcoin can go up or down. My thoughts.Break trendline above and stay above with 1 candle from 4 hour timeframe.
You can buy it. We can go to 33562 line and above.
Break trendline above and stay above with 1 candle from 4 hour timeframe.
You can buy it. We can go to 33562 line and above.
Push the like bottum. Thank you.
Bitcoin can go up or down. My thoughts.Break trendline above and stay above with 1 candle from 4 hour timeframe.
You can buy it. We can go to 33562 line and above.
Break the yellow trendline downwards and stay down the trendline with 1 candle from 4 hour timeframe.
You can short it. We can go to 16500 line.
Push the like bottum. Thank you.
Head & shoulder on the 4 hour timeframeHead en shoulder on the 4 hour timeframe.
It can go's to the 16500 line down.
Don't forget to push the like bottum. Thank you.
Reverse head & shoulderRebounce of the head & shoulder.
If we break the blue trendline, we close 1 hour candle above the trendline.
We can go to 34221 and maybe break it !!!!!!!
Don't forget to push the like buttom !!! Thank you. Greetings.
Bullish option for BTCThis could be a bullish option for BTC.
Wait for a good entry signal and ride 1 or 2 waves up.
Check other idea for bearish option.
This is not financial advice.
$BTCEUR bullish case till end of February 2021Strong bullish case with a huge inflow of retail & institutional investors still happening. The mainstream indicator "should I buy bitcoin?" from your quasi-trader friends is significantly slower due to COVID-19 social restrictions. RSI & Stoch indicators have taken a bit of a breather with the black monday of 11/1/2021. On this date 325k bitcoin exhanged hands and we experienced "only" a 30% drop - nobody said its going to be a straight path up and those who expected continues and consistent gains were wiped out by funds and whales dumping their positions at all-time highs. Thus we are ready for another leg up and we continue from there. Looking for confirmation with a strong daily and weekly close above 30k EUR.
Other:
+BTCEUR is proving to be a much more liquid market than 2017
+Plan ahead of time and stick to your planned trades
+Expect a disaster wick, hope for the close in the right direction - hedge your positions accordingly
*Not trading advice*
Bullish Unique Three River Bottom in the making?I think we will continue going up.
Just sharing for discussion and may continue updating TA if pattern is confirmed :)
Must close day well above 27,7k
BTC forming an H&S?Looks like BTC is forming a big H&S on 1h timeframe. Closed al position at €32k for now
BTC/EUR almost ready to bounce up?Does the golden cross and its opposite make sense in BTC? I think looking at trendlines is better and RSI.
RSI line should remain in the green area for it to be bullish and the price movements should close above the trendlines...
Let's see what the BTC price movement will do next.
BTC vs Euro & the Money Flow Index (MFI)I'm sure everyone is now knowing a big move is imminent. However the question is, which way is price action going to go? Studying BTC against the Euro helps a lot as I believe the dollar is seeing increased volatility (more than BTC!) against other currencies, and the Euro seems to provide stronger signals at the moment. Also the money flow index is a fascinating oscillator to study, especially when looking left. The purple circles above indicate the last time MFI touched 11, you can see a fall in price action followed. Perhaps this time is different.
Following the correction we need between 15 & 25 days to see higher lows on the MFI before price action recovers. Historically speaking the month of August has represented some of the best times during the calendar year to take a position.
