We are actually in an important phase for bitcoin future price movement. If the symmetrical triangle is broken at support line, the bearish pattern can be confirmed and the price can move to 20k support. If the triangle is broken at the resistance line, a short squeeze may occur. In that case we may see an upward movement till 50-52k resistance around Fib 0,618.
Like Bitcoin, Ethereum bounces several times from long term support trend line and can be considered as a bottom. The Stoch RSI is oversold. It gives us new long position opportunities.
Previous ETHUSD short position was closed with success.
Stop loss: 1800$
Bitcoin bounced several times from long term support trend line and can be used as local bottom to new long positions.
There is several bullish signals like Stoch RSI leaving the 0-20 oversold area, broking local downtrend line, ...
TP1: between 55k & 60k
TP2: previous ATH at 64k
Stop loss: 30k
With the economic reopening after covid-19 crisis, S&P 500 will rise to somewhere between 4,700 and 5,000 before falling 30 to 50% (previsions 2021-2024). I'm looking for a trigger event ( black swan ) like a big war associated to a big inflation.
It will be also an opportunity to buy cheap stocks for long term.
important indicator to follow:...
BTC reached Fib 0.382 and SMA100. Stoch indicator reached low. BTC should now bounce to Fib 0.618 and resistance trend line around 51k$ and if it breaks it, we can see upper prive movement to 57-60k$.
Previous BTC short idea closed successfully!
Stop loss: 42500$
ETHUSD reached almost 4k$, a psychological number. The RSI is showing a bearish divergence.
BTC could not retest 60k$ and should drawdown to expect a new retest later.
We already closed profits in other trade for ETH.
So looking now for a short till Fib 0.618 & support trendline towards the 2500-2600$.
The price bounced around 0,786 Fib level and formed a bullish channel. It's going to around 14600$ (0,382 Fib level) with two resistances: first at 11500-12000$ and second at 13000$ (0,5 Fib level).
- Buy now
- Stop loss: 8000$
- TP1: 12000$
- TP2: 13000$
- TP3: 14600$
- and more for longer run.