Bitcoin short with potential target to 3333$ -28%It seems that Bitcoin may reach 3333$ due to bearish impulse.Shortby compoundinterest70
Bottomless or reached bottom?Hello there beautiful person! How are you all feeling after a red week in stock and crypto market, with still even more red day today? Are you looking for buy-in, or selling to cash out? On my part, I did not expect this heavy drop in crypto this fast. I expected a drop, as I do with gold price before it goes up, but not this fast and so hard though. BTC/Euro is at a very interesting point right now at 5044, and it crossed a very large support line at 5268. The million dollar question is: will the price hover around that major support line or not? Next support line after 5268 is 3680, and that is the support line I think is the most likely bottom. However the optimist in me tells me that 5268 is the lowest low we will have this time around, until next bad news comes our way. Personally, my buy order got activated around 6500 so my cash is spent; and now it is time for me to watch this unfold. Wish you all a safe week, and dont forget to wash your hands well. by egilagre4
BTCERU 10500 per bitcoin the maximum then will crush to 4000 Bitcoin will gain 16% more till halving in may, then slowly lose the value with total crush below 4000 in AugustShortby viparmeniaUpdated 449
Bitcoin short with potential target to 5634$ -11,8%It seems that Bitcoin may reach 5634$ and then it could activate a lower target price at 3365$ due to a bigger bearish impulse.Shortby compoundinterest72
Btc New Scenario We have more then 100 days to go.. The bulish target is the more then 16000 euro.. Longby sicaadrian3
Bitecoin Heah & Shoulder Pattern Outlook, Next short term stepsAn observation made today. The RHS of H&S 2 is remarkably showing signs of similar structure albeit in proportion to the previous H&S 1 as indicated in this chart. From the H&S 1 pattern , the 25th OCT 2019 pattern had a strong reversal over 2 days (knee jerk reaction to the candle pattern falling below its support line as shown in section 1 of this view in the H&S 1 pattern. Roll forward to the 2nd H&S LHS pattern , an observation identified, the action on the 8th March is showing similar traits to the previous (H&S1 LHS) chart when it breached the H&S support line as indicated in that pattern. If the pattern mirrored in H&S 2 LHS to the H&S 1 LHS, by proportion we could see an upside on the 10th March in the region of 20% from current prices. Then a long slow retracement to the otherwise normal direction and movement of timeseries harmonic wave theory, with it settling back to its normal flight trejectory in time ( quite suprisingly in and around the estimated day of the halving 10/11 May 2020) The flip side of this Theory is it does not turn on the sup [port line for H&S 2 but crashes through it, Should this happen based on previous indication from H&S1 we could be looking at a 17-25% fall off in price. Looking at the ADX DI chart the indicators shown at position 5 are remarkable similar in structure, if 6 plays out like 5 did, we are moving down further. We have a week of interesting market movement ahead of us, Let the bulls and bears into the ring to commence their battle. Me I am hoping for the downside swing. Shortby EndaKeaneUpdated 337
Down Down BTCEUR !Sold at 8000 Trailing stop at 7650 Target: 6800 Any comment folk ?Shortby ManishYdvUpdated 5
Gain channel broken, I expect downwards trendPrice action broke that channel, and I expect it to turn the trend alsoShortby stefanofsecUpdated 113
Bitcoin current Head & Shoulder Pattern playing out 1 day chartBased on the current pattern , the 10th March is a key date for Bitcoin. After a reasonable length of time the current head and shoulder pattern is almost near completion. For me the 10th March is showing as a key date , for this date the candle direction is of interest. Will it continue its downward direction and fizzle out under €6000 (indicated by 7 downside) or will it bounce from the support line indicated at point 6 and head back up to position 7 upside. I am on the fence here and looking at a window from €7600 down to €7550 for confirmation of a continuation to the downside before the BTC halving in May time frame. . Would love to hear your viewsShortby EndaKeane338
Bitcoin - Head & Hhoulder Pattern in the process of palying outBitcoin is in a small H&S formation. The RHS has completed with the LHS in the process of playing out , in my oponion. If this is the case , the next support , resistence and support should mirror the RHS of the H&S ( give or take a couple of hundred) With the end of the quarter happening 28th of Feb, we have seen traders taking their quarterly profits. Buy in at the start of the quarter/year(2020) has yield a handsome return of 2x from approx €3.5K to €7.8K ( doubling on investment) With Q2 commencing on the 2nd March , the said traders have the opportunity to BUY back in knowing we have already reached €9700 in Q1. If the H&S plays out , we could be looking at the completion of the shoulder in the first 2 weeks into March 2020. In my oponion, the price action remaining for the H&S completion is as shown here in this illustration, with key prices numbered 1,2,3 &4 . Lets hope it pays out this way and that the market does not capitulate at the €7400 mark This is my oponion and not financial advice. It is my contribution to what I see happening on the chart for bitcoin as it is playing out.by EndaKeaneUpdated 114
BTCEUR BUY (Weekend Trading)Hey hey! Our videos are facing some technical difficulties but heres a trade we just sent to our community on BTCEUR buy! We'll try make a video about it later today.Longby PrimedGroup1