Eur0pa

Eur0pa

Ok guys! Well I know everybody is expecting a bullish rally, and news seems to support that and I don't want to talk negative but here is the ugly truth: On the daily time frame a divergence in succession is very apparent. I am so surprised why no one talks about that and just ignore. It may collapse. Be cautious about the greedy news and don't thrust to anyone....

Eur0pa

When it comes to Bitcoin it is very funny to see ppl commenting about going to moon/skyrocketing when ever they see green bars and likewise doomsday when they see reds. The chart is very clear. You don't have to be a technical chart einstein and no need for stupid over complicated tech analysis (never seen working for bitcoin). Simple Stupid but true. Everybody...

Eur0pa

We are in a symetric triangle but with a bullish trend in the 50-150 MA at daily time frame. Right now there is a build up at 10700-10800 band. There is a better probability of breaking the 10800 resistance and extend towards 11200 resistance band than a fallback. If we can break 10800, next we may re-test 11400~11500 band and regain losses of the last week. Later...

Eur0pa

We may retest 10300 as the momentum falls and 15 minute divergence than we can consider talking a long to 12000. We will see.

Eur0pa Updated 

Although we have broken the resistance at 9650 I am still waiting for a valid confirmation. I am still not convinced that there is a reversal upwards. Volume is not enough to provide enough thrust to take off besides there is a divergence at 1 hour chart RSI which can still cause a stall in price which afterwards lead a devastating crash. Signals are still...

Eur0pa Updated 

I always like to keep it plain & simple. No fancy talk. I will go straight forward. BTC builds up around 9800 and consolidating towards the upper edge of the channel so a breakout will be imminent. Direction may be confirmed till 1600 Zulu time or around. Just beware of the false breakouts. BTC does that always. Seems it is more possible of going down then up but...

Eur0pa

There is a 15min divergence in the chart and the BTC is in a strong support. We have a potential buy opportunity here for day traders. Don't forget to put your stopp losses. We may even go long if get a clear confirmation. Check my earlier posts. Disclaimer: Demo accounts only. Not for live trading. You are responsible for your own actions. Dont forget...

Eur0pa

BTC Squeezed in a narrow area. It bounces from every little support and resistance levels. From this moment it is not possible to guess whether it will break up or down. I believe the downward trend is not finished yet but also I am cautious about a break upwards from the channel. Lets see what will happen. Very risky to stay long at this point even it easily can...

Eur0pa Updated 

This is my analysis for the idea that this is a correction wave. You can see the main trend line in the chart. If we bounce back from the 9300-8900 support level then we can see 15000 and higher levels. Do not forget that this is BTC and can do what ever it wants. Wait for the confirmations. If it breaks down that support then we can see 7500 or even a trend...

Eur0pa

The support level of 11130 which is a very strong support level. But We have a obvious ascending triangle and if the 11130 support can't hold it (probably can't) next stop looks like 9800. Looks like this is the correction we are waiting for a long time. Disclaimer: Not for live trading. Take your own risks. This is only an idea.

Eur0pa

Buy when everybody sells and sell when everybody buys. We come along way without a proper healty correction, this is very alarming for me. The atmosphere is too good to be true. Some may have other plans as they did before. No one can really tell if the bitcoin will go sky high or to a bottom line. Who knows tomorrow BTC is not going to fall deep down to 1000...

Eur0pa

I find Bitcoin very risky at times like these. Now it is just gambling it can go either skyrocket or skyfall. I see a very obvious head and shoulders pattern and I will stay out of the risk area unless it beats up 8500+. On the other hand there is a divergence which points a decline in short term. Good Luck. Disclaimer: Not for trading.

Eur0pa Updated 

I believe we are going to have a correction soon. Signs of a correction. We have a divergence forming up on daily chart. Volume is constatly getting lower parallel with the divergence we've already completed 3 impulse waves (elliot waves), we are in the overbought zone in bolinger bands for a while the delta between EMA lines is wide enough and will...

Eur0pa

it is very symetric and very clear, head and shoulders and double top. Be ready for 6100 correction.

Eur0pa

Hello Fellow Traders, Although we have a significant diversion in all time intervals we keep going higher and higher. We are in a overbought zone in RSI also I lost track of counting elliot waves. There had to be a correction sometime ago but didn't and still no sign of it. Instead we are making a surprising parabolic accelerated bullish run in the last 24 hours....

Eur0pa Updated 

Final countdown. We are almost there. The last line of resistance. If we could break 5400 USD then we can confirm the bull run. Odds are RSI is oversold and heavy resistance. This will be tough. This is not a trading advise. Just my idea. Do not use it for your investment.

Eur0pa

If you don't invest in Bitcoin NOW you will regret it for the rest of your life and your grand children will probably curse you forever. Here is why; Check the pattern in the Chart very carefully. See the resemblance? On October 2nd, 2013 BTC price was 77.9 USD and then on 30th November 2013 BTC price sky rocketed to 1173 USD. Following 685 days BTC price was...

Eur0pa Updated 

If I know anything about Bitcoin that it is the most deceptive. Whenever everybody starts to talk bullish and everything looks green it declines fast, fast as light speed and whenever everybody starts to talk about BTC that it is going to hell it goes high and higher. Look at the ideas how bullish they are now. Just a couple of days ago same ideas were talking...