BTCEUR trade ideas
Generational wealth in the making - my point of viewThis is not a financial advice.
This is just my playout for the BTC purchases in the next year.
I've armed myself with the patience, stacking enough resources to cover my targets.
My whole theory is based on negative market segment - I am counting that global financial meltdown is in front of our eyes. Taking that into account, I think some sort of revolution will play next - and my bets are on blockchain space - mostly on BTC and ETH from speculative point of view.
Orange lines represents major BTC supports/resistances. Will wait till price drops to those lines and budget them as following:
- Target 1 (1 BTC = 17,000 eur) - 15% of allocated funds - very likely will happen
- Target 2 (1 BTC = 9,400 eur) - 35% of allocated funds - likely will happen
- Target 3 (1 BTC = 4,800 eur) - 35% of allocated funds - unlikely will happen
- Target 4 (1 BTC = 2,800 eur) - 15% of allocated funds - very unlikely will happen
The same strategy I will put for my ETH purchases which I analyze in my other idea.
The funds that remains free and do not touch certain Target from mentioned ones above, I will put according to my earlier targets after some time period.
Full disclosure: THIS IS NOT A FINANCIAL ADVICE. THIS IS PURE SPECULATION FROM MY POINT OF VIEW AND MARKET KNOWLEDGE.
Bitcoin is in the buy zoneThe 2-Year MA Multiplier is intended to be used as a long term investment tool.
It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns. ...
Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns.
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btceur bull market till May 2022 at 15000 on 10 week cyclesIf bitcoin will not break 65000 €uro ca $75000 in December then we are in bull market and following 5 cycles in 10 week periods till May 2022 will be selling cycles,
Price will slowly fall up to 15000.
Green arrows are the cycles when buying is profitable (except the unpredictable fluctuation in March 2021 the COVID panic month).
Red are the 10 week periods when selling shorting is profitable
Whole is n big parallel channel
200k this year or 2023 for bitcoin! 📢Hi, I'm back with an update.
The 200k btc milestone (450% up from today's prices), will most-likely be between this year (2021) and 2023. Looking at the current linear trends on a logarithmic price scale.
Disclaimer: humans find it hard to believe and understand logarithmic scales. Our brains mainly think in linear scales and trends. However, I think with bitcoin a logarithmic scale is much more fitting the historical data.
BTC Going 19k before DecemberThis isn’t the first time this year that large long-dormant BTC transactions have been spotted. The CryptoQuant post said more than 10,000 BTC was moved when the BTC price was at $47,700 in March, 2,800 BTC moved in May, and more than 1,100 BTC was moved at $23,000 per coin in July.
BTC short term bounce to 21k+ EURDisregarding the structure of higher time frame, on the hourly here:
- decelerating rate of change of the drop,
- technicals showing positive divergence,
Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop.
ARKG is actually green today, either indicating (short term) risk-on appetite, or just short covering before the long weekend.
Multiple Pi Cycle Bottoms Flashing!The Pi Cycle Bottom indicator has historically been a close bottom signal the last 2 times it has flashed (2015 and 2018).
After having the Pi Cycle indicator flash on the BTCUSD chart in July, we now have it flashing for other currencies, some late July, some even yesterday, further validating the Pi Cycle Bottom.
I do believe we can head slightly lower but make no mistake, for long term, this is the buy opportunity of a lifetime!
GBP
AUD
CAD
CHF
The euro perspective of bitcoin: 16k versus 8kTLDR: attempt to long around 16k-17k with stop at 15k, switch to short if under 13k
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Area around 16k EUR is likely to be at least a local bottom, given:
-strong confluence of fibs
-technicals entering oversold zone
-symmetry of a lower degree: -73% correction
-close to major top of 2018
-coincide with volume profile wedge, albeit a small one
A rebounce could be produced in the short term.
However if BTC keep sliding, either directly or after a rebounce, the next meaningful support will probably be found around 8k-9k, due to:
-huge volume profile wedge
-symmetry of a higher degree: -85% correction
-some confluence of fibs
Risk assessment: if stop hit, loss will be ~10% depending on entry price.
BTCEUR key resistance levelsBTCEUR - in slightly downside biased range and currently addressing top of the 4-8hr range, likely pullback occurs before more .
In case of converting red zone in to support - likely our daily red zone opens up for the taking.
The green arrows up are buy bottom buy signals - while small red arrow is sell the bounce signal - they're automatically generated by the emaflow pro indicator.
Emaflow has a special range feature that projects where market will be oversold and overbought in the future - recent total cap projections were spot on:
Elliott waves correcion ABCafter looking at the graph, taking into account that a rule of elliott waves is wave C to go below wave 4, this channel will be broken down, the limit of the blue square above is the limit of wave 4 and the limit below is a price support, when breaking this channel there will be panic in the market, but it could be Beartrap before the final push to the new historic high