After 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...
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...
It 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
After 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.
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.
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.
Rebounce 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.
This 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.
Strong 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...
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.
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...
