Hello, I would like to reach level 5 reputation in order to be able to chat with others on live chat so that I can learn and ask the right questions. So I made this chart, but I don't have a lot of knowledge. This is why I would like to be able to chat with other traders on live chat. Thank you .
After rolling down on HL's, the BTCEUR is now steady at 8040.
In my view, something similar happened on 03 Jan '20, and if I connect that historical sequence then a bearish map shows that travels to 5000, but, 8913 is interesting .
Looking at things from a different view can always help!
BTCEUR is trading in a range just like BTCUSD but not as many fakeouts here and much more horizontal!
The bottom of mid-term range where BTCEUR is currently sitting (7900) can break soon since there is not much liquidity left, we may see a free fall like previous times to 5k area (6k on BTCUSD) or even lower...
Looking to the past we have repeatet stronger downtrends for 2 to 3 weeks (red lines). The special situation in March 2020 was causing a dip twice as deep. Continuing this pattern I come to the conclusion that we are at the next itermediate bottom zone beginning June (first half of the second week if I should bet now). There is a small chance that we might go...