Tether FUD has driven BTC up, but as I can see, there’s been a HUGE rejection and the price is still inside the small and the big triangle. That said, if it broke the small triangle upwards, the resistance of the big one would be nearly impossible to break. RSI 4H is about to turn down and RSI 1D has started to turn down.
Also, if you count the waves, it was the...
Hi, there.
The last pump was totally artificial. Don’t get in if you don’t wanna get burnt.
It always happens the same. Huge volume coming from nowhere and price goes up so hard. You get in and price starts to go down. Exchanges do it when they need to increase the amount of buys and sells in order to receive their fees.
As you can see in this 5 min. chart, there...
BTCEUR, next entry for short-time +6% long position.
Entry at the minimum level into the middle of the buy zone if the signal moving there.
Open Take Profit position with (4÷7%)
Close position when the signal will reach the target Profit range +4÷7%.
Enjoy and #surfthetrend if you are a #trendsurfer
BTCEUR, Possible Head & Shoulder.
If the BTC goes across the dynamic support of the new trend channel probably will go down around the next support.
At this moment the market testing the physics value support of 8500 Euro. Many people have entered in the market with this value.
#surfthetrend if you are #surfertrend
Since daily was so bad, this is totally possible. At this moment it does appear that this is what we will see play out, if we break the 100SMA on the 4 hour. I will follow up as it progresses.
Check if the Support work before opens a LONG POSITION. Don't be hasty.
-> Support Level 8512 Euro.
-> NETX support and checkpoint at 6800 Euro
Please, Follow me and leave me a like If you use my forecasts for BTCEUR.
#surfthetrend
TREND MACRO ANALYSIS ANALYSIS
BTCEUR, The next level and waves of the market on Coinbase.
This is a macro triangle pattern of BTCEUR until today. If bitcoin will go up to more the dynamic resistance (green direction) the operative level of the market for the next days will be in 11.600 and 13.417 Euro.
Otherwise (red directions), if it continues in the bull...
I think BTC is in a descending channel symbolized by these two yellow line.
It will certainly bounce on the 8ke support and reverse on a nice inverted H&S with 10k as the neckline.
Attention in the next few hours. Probable change of trend!
In the case wait for the maximum lowering of the price before entering. Monitor the horizontal movement and the MACD+MOM+BB and Parabolic SAR into the short time set (1h or XX minutes).
#surfthetrend
If this do not play out, I will stop publishing.
As we are getting closer to the apex of that triangle, i'm expecting to drop a little bit and forming the final wave "C".
In the last days, we can see the trend reversal in the Downtrend Channel.
The minimums are always greater in the Dynamic Resistance Channel. If the Candles will break this resistance with force, we will proceed to open a new Long Positions. The TREND REVERSAL SIGNS are clear. Before opening the position, wait for the passage to be verified by identifying the next...
BTCEUR, SHORT POSITION for +15% next 3 Days.
Wait for the passage below 8.900 Eur, If the downtrend will be confirmed.
1. Sell from 9.750 Euro.
2. Support at 8195 Euro.
3. Test support (Wait for testing of support)
-> Re-Buy at 8.300 Euro
4. Timing: 3 Days.
BE CAREFUL
-> Around 8,840 Eur - Point of a potential reversal of the trend.
Ok. At this moment if BTC, will break the resistance at 9572 EURO and the resistance will be work like a “NEW SUPPORT” you can BUY for open a LOGN POSITION into (ZONE A).
But if BTC going in a retracement in direction of dynamic support (Yellow dotted line), I think that it’s better that you buy in a ZONE B.
- Be careful and verify the force and speed of the...
The last inverted H&S provide us a nice trade swing, but we not enough momentum to break the resistance.
BTC is now in a bearish descending channel for sure for at least one week.
Target is 8800.
I am currently working on the preferred scenarios 1: "BTC/EUR - "Bull Flag" - small pause in the market trend?", see link to related ideas.
We should not underestimate the second pessimistic scenario in which the price continues to descend down to lower levels, this is a possible scenario, and we must be prepared for it as well.
Breakthrough on the lower trend...
BTCEUR, Mini Bullish into trend channel
If BTC starting the run to upward and don't break the dynamic support (the yellow upline in a chart)
Entry at 9380 Euro (or Around)
Target 1: 9800 Euro (More Probable)
Target 2: 10200 Euro
Target 3: 10620 Euro (Very difficult but with BTC all is possible)
Max Take Profit level: +17,5% at my dynamic resistance
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