STRUGGLE TO HOLD ABOVE THE PREVIOUSLY BROKEN TREND LINE!According to the daily chart, the pair is struggling to hold above the previously broken trend line. In such cases, there would be small chance for a bounce. If our analysis was interesting for you, please support us with your kind likes.
BTCEUR trade ideas
GOLDEN POCKET HIT ON BTC/EUR, WILL WE BOUNCE?ARE WE GOING TO GET A BOUNCE FROM HERE OR WILL THE USD MARKET PULL US FURTHER DOWN?
50 day window miners dump bitcoin for price above 10000 closingTill end of the September the window when miners dump their bitcoin for price above 10 000 is 50 days.
This one is closing in 2 weeks.
Taking into account that in New York luxus properties already crushed more than 60% in price I expect similar crush in bitcoin till end of this year.
6000 is the dip to buy some.
BTC/EURO daily analysisHi friends
the daily chart of this market shows that it will experience an uptrend in the next few days but it is better to remain vigilant of the change in the direction of this market towards the opposite
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20200828 XBTEUR Short SetupHello everyone,
So here i describe the phases of a Wyckoff Distribution phase at 4HS.
Looks like we are standing on SOW, so whatch out!
Hope this helps you out!
Cheers!
-CharterX
Bitcoin bearish for the coming time, then very bullish supportBitcoin will go and test the 0.5 fib retracement and there is also daily bearish divergence. After reversing at the 0.5 retracement it will continue on to support where it then will go bullish.
btceur Ascending triangle formed. Break out will set directionAscending triangle is formed in Bitcoin chart.
Breakout in this week will be the decision maker and set the direction where the travel goes.
Break above 10500 €uro ~ 12500 $ will start the pump rally.
Will bitcoin not hold the 10000 till Monday, the crush will start.
Uncharted waters?1) Looking the daily chart over the last 3 years, it looks like it is the first time we cross the R1 resistance level
2) I can't find any other solid channel in which BTCEUR now is, besides the green channel which has only recently formed. However the channel seems to end at about 12.000
Do you think we may see a major pullback below the major R1 level or BTCEUR is heading to form a higher resistance level?
Correction has come, but how large?Hello hello beautiful person!
The divergence in RSI and other indicators have present for some time, but the FOMO in DEFI has been an amazing rally; combined with an above normal public awareness in internet and Televisions.
We are seeing a correction now, but the question is: how strong, and is this the one I have been anticipating?
T he chart
The chart is in Heikin Ashi, NOT price candle
RSI is showing divergence
Stochastic is showing divergence
CCI is also having divergence, but most importantly has not crossed to negative area (but in price candle chart it has)
Nearest strong support is EURO 9526, which we will hit if the correction is of any noticeable strength. If it is not hit, I believe that the hype will continue until previously suggested month.
Strongest support is area around EURO 8338 - 8000, which is a combined highest volume price level and previously tested support line.
Conclusion
There is too many moving parts in this economy now that is mixing with BTC, and makes it close to impossible to make any safe`ish TA predictions.
The world are seeing a spike in the number of infections as predicted, and larger companies have reported negative financial reports as predicted.
It is unknown how the nations governments will react and how the sentiment of the market will respond.
The overall notion I have is that BTC will increase as well as adoption, but I am not convinced it will happen this year as many others believe.
It all depends on how much the nations governments around the world can and will do in order to try and protect the bubble, because we will see more negative numbers or stagnation on balance sheets (on many of today large cap companies) this year and next year.
If nations are "all in" to protect the bubble, I believe we will not see the "real" rally of BTC until next year (inflation from fiat included), but we will see a good increase in price this year.
The good price increase, I would reason as a trend along with gold. Insecurities in the market and investor hedge in BTC, and precious metal.
btcusd rally if price will hold above 10000 for 4 more Weeks There are only 49 Days every year when one can sell bitcoin above 10 000.
If this time it will hold longer than 49 Days, then this would be a new rally to new ATH highs.
Otherwise there will be a crush till 4000
Possibilities of Bitcoin developementGreetings.
Relying on fib and ichi I think we will see a breakout to the upside of the triangle we are currently building.
Cheers
Bitcoin rarely above 10000. Only 50 days once in 18 Months. In last 2 years there were rare chances to sell bitcoin above 10 000.
It was possibly only for 50 days - less than 2 Months.
August and September would be he last chance to sell above 10 000, next most possibly in one year.
BTC UP - THE SECRET INDICATOR SAID IT BACK THENHello, the secret indication was correct: BTC was not retracing to 7k but rather going up (SEE THE LINKED IDEA). This is not to drag, but as a confirmation that the secret indicator works and can be used as a great confirmation. Please note I said confirmation. It has not to be used as the one and only rational for an investment decision.
Said that, it still shows a 26% upside still as per the chart below.
Also, the BTCEUR chart is clearer than the USD one, showing a clear restest and accumulation phase above the support. We can also see a triangle with the same exact target of the fibo extension
targets is 10,900-11700 EURO
BTCEURTrying to catch previous high. Simple swing stratagy with S & R and trend lines. Buying pressure looks good. I am thinking maybe i will sistematicaly move my SL to the value where i went into buy positions and make my TP or SL to end the position. Good luck folks..
daily analysis of BITCOIN/EUROthe daily chart of this market shows that it will experience an uptrend in the coming days but at the same time you have to be vigilant of the change of direction towards the opposite
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thank you
XBTEUR at support.Bitcoins reached long time support level with high momentum. A retracement is likely. Go long - at least for some hours.
