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BTCEUR trade ideas

BTCEUR: ThoughtsI just want to share my thoughts. Bitcoin is still in a quite dangerous position (especially now), but as soon as there is proof, that it's seen as an investment comparable to Gold or any other asset which spreads a thought of value, there can't be any limits for it's price, nor any for Cryptocurrency at all. This entire spectrum of new technology and the Blockchain itself provides immeasurable value, since it simplifies and quickens processes in all kinds of fields. I believe in Cryptocurrency and its community, as well as in its potency to overcome any obstruction. Enjoy the journey.
by FallenxAngel
CRYPTO CRASH COMING SOONHow many of you know recently there has been a 50% attack on ETC and attackers take back transactions after made. And technically it is very possible for every other crypto. For example what will happen once bitcoin mining is not profitable anymore? Will those guys just shut down miners and go away ? Once the hashrate drops enough there will big players which can produce blocks faster and reverse a transaction after it is made. There may be cyrptos which are not vulnerable for those type of attacks but majority of current crypto currencies are not and once few of them ( ETC alread experienced) experience those attacks and people won't rush to buy shitcoins anymore. Though you can HODL forever maybe one day bitcoin will be one million dollar ( If Dollar crashes enough :D) Though i am not saying short any coin. Since few player holds most coins. They can pump it easly. Just be aware cyrpto crash is soon.
by UnknownUnicorn6324825
1
Second wave hitting soon?Hi there beautiful person! It has been an interesting week with some incredible money printing and movement in the markets, along with slow movement in BTC. There is a lot of speculation around now, and I thought I could throw my 2-cent speculation into the bucket as well. If you have the time and interest, I would appreciate if you read the whole article and pressed a like if you agree. If not, then have a go at the summary and have a great week ahead of you and be safe! Short summary: Market in Post 2008 crash has not been recuperated and we still have a broken system. This combined that covid-19 is hitting/affecting all markets globally, dictate that this is nowhere near the 2008 scenario and incentives and strategies in that period will not be as effective in 2020 and 2021. List of content: This is not the same situation like in 2008, rethink your strategy Second wave is coming BTC can actually retest 3500 EURO area BTC price will increase. First is small changes to the chart: Moved the resistant and support lines to better positions Changed the view to weekly to see the overall trend better Added the triangle from previous post. This is not the same situation like in 2008, rethink your strategy Many people out there are comparing this situation to the one we experienced in 2008, and are creating their strategies accordingly. That might be a mistake that will cost them dearly and possibly miss out on some great return. In 2008 it was "mainly" the banks that were hit, cause of bad house mortgage and liquidity. This scenario was rather local and did not hit the world on a global scale, an especially did not span on a lot of other market levels. Although it did affect globally to some extent, it was more or less due to connection with US market and dollar that was the reason and not the reason itself. the solution back then in 2008 was to print a lot of money and put them into banks, which worked to most extend; but did not fix it. Post 2008, aka in 2020, we are still left with a "broken" system and a market that did not fully recuperate from previous crash; whilst the value in stock market is inflated, just waiting for a needle. This time around, the catalyst/needle covid-19, has hit globally and equally across multiple market areas. This effect is therefore many magnitude greater because of snowball effects. List of a few: Unemployment is up, number of companies is falling, uncertainty and fear is increasing in people, world wide Currencies will be devalued due to overprinting, consumer market is crashing, gold and copper value is short term lowered and miners cant afford to keep business running, etc This time period we are in now will have different waves/effects, and value of different assets will react in those different waves. Second wave is coming First wave hit China first with total shut down of many important factories and airports, which did it tolls on the financial market and homes in China. First Wave continued internationally and went towards Europe, and continued to US. Second wave is now in beginning in China, where we will see the after-effect of first wave. This will further decrease the overall stock market and other assets (than in first wave) will start to gain momentum. BTC can actually retest 3500 EURO area It is because of this second wave that I believe that BTC will see a further decrease and possibly retest the 3000 Euro. One reason is that investors will need to sell off more to cover their losses in other assets. BTC price will increase. The retesting of 3500 EURO will not be a long lived level, because investors will want to buy into more BTC to diversify when the "real" after effect of helicopter money takes into effect. BTC will probably stay within the triangle for some time, when it starts to increase in price; so watch for that 9000 resistant. When? Somewhere around end of second wave, and that might be around end of summer or early fall. Shortly after BTC is increasing it will kick off a new Alt-coin race. Thank you very much for reading through all of this wall of text. Really hope you found it interesting and useful. Please, stay safe and have a great week ahead of you.
by egilagre
BTCEUR SELL: A solid bearish continuationIm taking a short-sell position on BTCEUR as I explained in yesterdays educational post (I believe Crypto is due for more losses based on my technical analysis) What we have here is a wedge (or contraction in my books) leading to the 38.2% of the recent high to low of the swing of price. Im targetting 123.6% of that move but will be happy to get out even at 100%... since I am a proactive trader I will monitor price action for any signs of an upmove reversal to collect profits and then if the bearish signs remain I will sell again.
Short
by PrimedGroup
BTC is at a crucial point and resistant lineHello beautiful person! Just wanted to pop in and share some thoughts on the progress of BTC and market. So, the stock market seem to be still down; but GOLD and SILVER has seen almost 5-10% gain. This could indicate that investors are hedging against inflation and other means when central banks all over print massive amount of currencies and flush the market. Interestingly enough, BTC increased in price along with GOLD; which kinda seem to have a correlation now. Anyways, the thing I saw now is that the BTC price is at the lower end of the triangle I drew up earlier this month in my previous articles. If, BTC manages to cross this resistant line and hold above it for more than a couple of days; that would be a good indication that BTC is back into game for further increasing in the triangle. However, I do not think it is likely that BTC will stay within this triangle, but rather bounce off and go down towards 5550 EURO. The triangle: Triangle more zoomed in: As always, wish you the best and stay safe out there.
by egilagre
Bitcoin lookahead based on the current pattern formationLooking at the current chart trend using Elliot wave theory I can see the formation of wave 0 to 1 and 2 to 2. Based on the this chart observation, here is my projection for the completion of the 5 wave pattern followed by ABC. This is based on an ideal situation and the candle stick approximately follow the charted wave pattern. Note Elliot waves can break down or off at a moments notice causing the chart to alter direction up or down. It will be interesting to see how BTC performs against Elliot wave theory and the current global pandemic called Corona virus (COVID-19) This is my opinion and for my education, I am not a financial adviser.
Long
by EndaKeane