*Correction* Symmetries - this idea is still under constructionI would love to hear your thoughts on this.
BTCEUR trade ideas
lets imagine big rising wedge3 2 1...
I dont know yet how far we can go, I was bearish but I was wrong that it will come soon, I was starting to be bullish, but those previous huge movements makes me feel that everything is going now according to big plan
BTC/EUR vs BTC/USD: Discover the Crucial DifferencesBTC/EUR vs BTC/USD present significant technical distinctions. Since May 2022, both BTC/EUR and BTC/USD appear to have formed an ascending wedge pattern on a linear scale, which typically breaks downward, signaling a bearish pattern.
What's intriguing is that the asymmetry of this pattern for BTC/EUR is more intriguing than for BTC/USD. Over time, BTC/EUR has tested the uptrend lines (UTL) seven times, while BTC/USD has tested them only four times, leaving three different gaps compared to BTC/EUR.
This illustrates the importance of analyzing Bitcoin beyond the USD context, as it can influence both classic patterns and more modern indicators. It's worth closely monitoring BTC/EUR, especially since in the Forex market, the EUR is an asset with a high trading volume.
btc disbelief ending?In my previous idea, I think I make a mistake, I think we may be not close to disbelief, but we already are in late disbelief stage. I bet on that analysis that we could go up to $30k but I didnt expect we will catch it so quickly. But never mind, I take this candle as an anomaly, and we could erase it from ta. But let be honest it is a good sign.
Today I was thinking that after this massive pump we will go straight down, and last stage before rally will go according to my previous plan with target 20-16k. Bitcoin after this pump still go up, but as we see RSI bitcoin is now oversold, so I'm quite sure that we will have few more days when the price will stay on more less same level. Final dump before rally could bring us dump to $27k. I'm not sure if my previous plan with 20-16k could be valid.
So, do rally will start soon?
BTC/EURBased on the bullish pattern, Bitcoin hit the first target and we are likely to reach the second target as well.
Bitcoin 'trapped' between 22 and 55 MAThe monthly 22 and 55 MA define the boundary for Bitcoin a the moment.
To the downside there is solid support at the 55 MA and lower around 19K monthly support.
When the 13 EMA (orange line) crosses the 22MA the real Bullrun may start.
But that might take a while ...
BTC @ main SUPPORTWe just dropped to the Weekly main support.
If this doesn't hold the Monthly major support is the next stop.
But I don't think we'll get there...
BTC/EURFriends, I have determined the possible targets of Bitcoin based on Euro.
In my opinion, Bitcoin has done a pullback to Moving 200 and I think we will continue to correct. Of course, I don't think Bitcoin wants to make a drastic correction right now.
BTC/EURBitcoin has three downward targets, which has hit the first target and we expect the price to reach the second and third targets as well.
The Dollar Index Falls to a Minimum of the YearYesterday, important data on inflation in the United States was published: the CPI index was 3% in annual terms, this is the lowest value since the beginning of 2021. Thus, inflation is slowing down for the 12th month in a row, approaching the target of 2%.
Markets greeted the news with a surge of volatility — perhaps the quotes win back the expectations that the Fed will soften the current tightening policy (which is far from a fact). Against this background, the dollar index, calculated against a basket of other currencies, fell to a minimum of 2023 — respectively, the prices of EUR/USD and GBP/USD reached the highs of the year. Dollar-denominated stocks also rose in price (the Nasdaq 100 index updated a year's high), as did commodities (the price of oil rose to a maximum since the beginning of May, and gold rose in price by more than USD 20 in 2 hours after the news was published).
It is curious that the bitcoin rate against the dollar reacted with a weak growth, which was leveled by the subsequent bearish movement — a negative sign. Moreover, on the BTC/EUR chart, the price is near the support at 27,200, moving within a bearish channel (shown in red on the attached chart), which is becoming more and more evident.
Note that today at 15:30 GMT+3 another portion of important news will be released, US PPI data will be published, as well as unemployment data. Get ready for another burst of volatility, which could both further weaken the US dollar and allow it to take revenge for yesterday's decline.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
REVOLUT FAILED STOP ORDER EXECUTION.Here is how Revolut executes orders below market price against their customers.
I placed STOP ORDER in Revolut app around 15:57.
Order executed immediately, and 101 EUR below market price at that time. (Or any time after that)
Order executed at 15:58 Local time or 12:58 UTC.
My order executed with price of 26328.
Actual price have not reached level of 26328 even 1h 50 min earlier or few hours later, in fact it BTC still trades way above that level.
The Battle against the dollarBitcoin facing the bullrun support/resistance flip while dollar is gearing up for a double bottom
For both pairs there were similar pattern in the past what you can see below
If dollar completes the target of the potential double bottom then you can probably see bitcoin making a move back to support for a potential double bottom aswell
Potential reaccumulation happening for bitcoinNot much time left for this range to finally breakout
Because of the declining volume an volatility this range points out to be reaccumulation
We already had an spring an test of support on the 200 sma of the 12h chart, this has proven big bounce levels for bitcoin in the past
We want to see an jump across the creek with volume to see bitcoin going back up to resistance and look for an breakout
BTC Doing some analysis we can see Bitcoin can still go down dropping into his support created way back, I'm holding but selling some portions
Trade at your own risk
Have a lovely weekend!
BTC with a deviation above the rangeHere is the possible scenario for BTCEUR pair in upcoming days and weeks…I think BTCEUR is a good chart to check sometimes since it can give good view for BTC.With Deviation above the range high and coming back into the range i assume BTC is ready to fill the daily Gaps depicted on the chart.Lets see how its gonna play out.
Always student…
It's an ideaI'm not a trader, I just like logs.
It somehow looks like we are trying to bottom here. If yes, we are in for some nice, spiky moves.
Wen lamboWhat should the move to 240.000 euro even look like? It certainly won't be a straight line. And when will it happen?
BTCBitcoin technical analysis:
The possible target of Bitcoin is determined based on the Euro.
Good luck.
Karim Heydari
Power lines from BTC 3150 USD lowThese lines in BTC seem to constantly form support and resistance zones. There is one above the price right now.
bitcoin at very crucial important resistance level 25000$/€24000Bitcoin have arrived to important level of resistance that played a big role during last two years.
If it will break through €24000/$25000 and stay above for a month transfering it into support, the bull rally will start with new ATH.
Failing below 23000 could lead to crush till 12000 and below where the margin call of most bitcoin big hodlers like microstrategy, grayscale will start.
bitcoin at very crucial important resistance level 25000$/€24000Bitcoin have arrived to important level of resistance that played a big role during last two years.
If it will break through €24000/$25000 and stay above for a month transfering it into support, the bull rally will start with new ATH.
Failing below 23000 could lead to crush till 12000 and below where the margin call of most bitcoin big hodlers like microstrategy, grayscale will start.
