BTCEUR trade ideas
Rising wedge normally goes down but in a bull trend it can go upRising wedge goes normally down but in a bull trend it can go up.
If it go up I think maybe 33000 line.
If it go's down 24500 line.
RSI in weekly timeframe is 94 !!!! Very dangerous.
When we went to 16600 previous bull run we were at 90 in RSI and then we had the drop !!!!!!
Fear & greed index is 91 also dangerous.
Click on my chart below. Don't forget to push the like bottum. Thanks
Moving Average 2020 strategy 18 / 36 Moving Average strategy
Could be used to capture momentum price action on a daily candlestick point of view.
Rules: When the 18MA is Below de 36MA and cross the 36 line upward (meaning that now the 18MA is above the 36MA) the algo will take a long position. Whenever the opposite happens the algo stop his long position and open a short position until we cross again And repeat same action.
We start this algo on the 1 January 2020 Until NOW
A total of 9 trades (5 Longs and 4 shorts) 7 wins / 2 loss
let’s looks at his performance during the year: 33.80% + 29.22% + 38.70% - 0.56% - 0.21% + 4.22% + 21.21% + 7.60% + 207.71%
Total performance since 1 January 2002 = 341.69%
Clearly interesting when volatility is high we only see small loss when volatility in the market is low
ALgo Trading ON BTC based on RSI RSI / MACD / MARSI and Moving Average could be wisely used in order to make better spread trades.
Let’s have an analysis on the indicator RSI. We start an algo focused on RSI on the uptrend of Bitcoin since 28 oct 2020 -> today.
Rules: If the RSI drops below 25%, We take a long position. Whenever the RSI is Back to >70% we sell this position. Time per candle is 30 min.
The algo took 7 trade let’s look at his performance: 5.62% + 7.14% + 6.03% - 0.55% + 1.17% + 11.17% (the last trade is not done yet since we have not yet reached the 70% on the RSI indicator)
Total Performance since 28 oct 2020 = 30.58%
Average time before closing trade is 2 days
Investing in BTCBTC has begun his journey to a 6 figure value asset.
We must think to ourselves what is our position in this market. Are we traders or are we investors? Because I see a lot of investors behavin like traders and letting themselves be caught in the trader mentality.
We are bombed with youtubers and gurus predicting the tops and bottoms, urging us to sell our positions to reenter at a better price or predicting a bottom so deep that never happens and keeping so many people out of this new gold rush.
If you want to invest in btc, behave like an investor.
Reduce the noise around you, put your position in (by euro cost average or just buying the hole position, that's up to you), relax and always check the price in a high time frame.
Get in the train, the journey has began but we are only in the beginning
BTC needs to hold 8-day moving average to keep goingAs we're selling off, the first key support is the 8-day moving average. So far, so good. However, if we lose it, we will likely find support at the 21-day moving average. Below that it will be ugly. Until then, a dip-buying opportunity.
Invisible bounce on BTC/USD.... the EUR/BTC offers a nice bounceI noticed this difference between the EUR/BTC and USD/BTC chart.. the swing low of 2Jan seems to be held by the EURO chart today
Happy New Year and this is NOT 2017!Hello Wonderful and beautiful person!
Happy new year and 2021 will be indeed an interesting year for crypto, not just price, but:
What are the response of different nations on BTC when their own currency is under threat.
What will the nations do: protect their own currency control and stifle their own technology and financial progress? or will they accept crypto and include "acceptable" regulations.
What amazing new platforms will emerge with crypto finally being more "commerce" and accepted by banks.
Will the ideology Blockchain and crypto persist? or will the financial giant swallow it whole like Cronos did with its children in fear of them overthrowing him
How many of us will will sell and book profit, or hold until next "purge"/dump like that of 2018 January? It is only about time when the next correcton will happen.
My title is not a clickbait, and just a reminder that this time around is NOT 2017 nor 2018. We now have hungry, strong, resourceful investors that are into the crypto.
These investors will pick up all or most of BTC being thrown into the market. Want proof?
Just look at:
The growing number of companies putting their cash into BTC as hedge.
The massive gain these companies are advertising by going into BTC.
Growing number of financial institutions that are into BTC, and NEED a bag of BTC as collateral
Look at the massive SELL orders from bears, and how little impact it have on price. Bears try to dump, but the bulls just suck it up like a vacuum cleaner with huge smile.
I am NOT saying we will not have a correction, because that we will, but do not compare the 2017 with this year. That might be a mistake, if you are a trader.
Personally I will keep doing what I have been doing: Which is to HODL most of my BTC, but put aside some crypto and BTC for trading in order to try to add more into my HODLE bag.
Both RSI and TDI are showing weakness on the 4Hour chart, but the daily is still very strong.
Stay safe out there and good luck with the Satoshi-hunting, I know I need some luck this Q1.
BTC/EURThis is only a prediction, no financial advice
Long term BTC EUR Prediction
BTC will test the red resistance lines, but eventually break and bullish towards 100.000EUR region in end 2021
Rising wedgeRising wedge shall go down.
First can stop at the 23100 trendline.
Second can stop at the 21620 trendline.
Third can stop at the 20995 supportline.
Click on my chart below. Don't forget to push the like bottum. Thanks.
If we break the resistance line 23820 than we can go to 24431If we break the resistance line 23820 than we can go to 24431.
We have also supportlines.
If we break the resistance line 23820 than we can go to 24431If we break the resistance line 23820 than we can go to 24431.
