Morning folks, Although we were a bit sceptic last time about good entry chance, because we saw how BlackRock just buying out any, even minimal deep on the market. Still, market was able to reach 65K area that we've discussed on Thursday. 65K is also daily oversold. Since we have strong upside momentum, upside bounce should be at least 5/8, which is around...
In the bigger pictures Up trends from low is in progress Medium term outlook will stay bullish as long as support holds Next target is long term resistances
Morning folks, So, BTC keeps it unstoppable rally, and is strongly overbought on weekly chart. But for now market totally ignores this. Yes, upward action is slowing, we have small tactical bearish grabbers on 4H chart, but it gives low chances on moderate retracement. BTC successfully holds above previous ATH, showing no significant retracement and no doubts -...
Morning folks, So, on Monday we've sent relatively modest target - around 65.5K, it was completed. Now BTC stands at weekly overbought and strong upside continuation is hardly possible immediately. Still, intraday scenarios are also not perfect. At first glance, on 4H chart, with the grabbers aboard, we could count on tactic downside deep. But, on 1H chart (not...
Morning folks, Well, as all targets that were standing inside previous swings are done, now its time to increase the scale. No much comments are needed here. Our next upside target is 85K. Also action between 65 and 69K levels seems important. If downside retracement will happen - we could get upside butterfly as well an entry chance around 40-45K area.
Morning folks, Well, rally looks great, but absolutely unnatural and has no relation to normal market dynamic. It is pumped externally. This is not a surprise when 80% of spot market and all transactions and depository operation stand in one hands. Bubble? Yes, but it is not totally ripen yet, need some time to grow more... Our setup has worked perfect whatever...
Morning folks, It seems that market is tired a bit from previous ETF rally. Major drivers are worked out already, and market needs something new. Supposedly coming April halving and possible ETH ETF approvement in May are most probable ones. Right now price stands in tight consolidation, which is might be treated as a bullish sign. At the same time, this...
Morning folks, So, intraday H&S patterns that we've discussed last time has started very accurately as we've suggested. But, BTC was not able to break the top, forming minor W&R, grabbing stops around it. Thus, this H&S has failed. This is bearish moment. Dont' forget, that market stands at very unstable area of strong 52K monthly resistance. On daily chart...
Morning folks, So, BTC hits our Yearly Pivot Resistance 1 level and in nearest 1-2 months, it will be really decisive time for next direction on the market. Meantime, while BTC is still coiling around, let's take a look at lower time frames. Context remains bullish, so we do not consider any shorts by far. We suggest that 51.5K area will be vital in nearest...
Morning folks, So, upside target of 52.2$ is reached. Now price stands at strong resistance area, including monthly major 5/8 level, Yearly Pivot Resistance 1 and upside weekly XOP target. Additionally we see that daily butterfly has been completed and market is overbought here. Although we do not exclude some wobbling in 52-55K area, so 1.618 butterfly target...
Morning folks, So, 47.2K target is also completed. The next one is 50.50-52K, which is a big monthly cluster, including upside weekly XOP target, our XOP here, from reverse H&S target that we're trading now (it stands around 50.50K), Yearly Pivot Resistance 1. But for now it seems market needs some tactical pause. Now major 5/8 monthly Fib resistance is hit,...
Morning folks, Sorry for a bit messy chart, just try to put everything necessary here. So, our minimum target is mostly done - 45K area. Next one is 47.22K - H&S major target. But, since the 45K area is moderate resistance level, it is normal to expect tactical down reaction on it, somewhere to 44K area at least. Before upside action will continue
Morning folks, So, today we take a look at daily chart finally. Last time we've discussed upside bounce that should become the right arm of H&S pattern on 1H chart. Indeed, upside bounce has happened, and it seems that it has become the arm of H&S, but there are few nuances... H&S on 1H chart stands too distorted and skewed to the upside. And we do not want to...
Morning folks, This post should be considered as practical add-on to our major upside scenario. Now we consider reverse H&S pattern on 4H chart. Market has reshaped it a bit, so we haven't got desirable retracement yet (i.e. right arm is not formed yet). But, it could be soon. On 1H chart you could see potential downside H&S. BUt the problem is - the 4H arm...
Morning folks, So, our 3-Drive and H&S pattern that we've discussed have completed. But, as we consider 45K level as major target for this trading setup - we expect continuation. Meantime, market hits 42.6K target and 3/8 Fib resistance on daily chart. It needs some tactical pullback. We suggest that 41-41.2K support is the most probable area. Then, if...
Morning folks, So, BTC was not strong enough to form H&S and just collapsed lower. Now finally we get patterns that could become a starting point for pullback. Here is 4H 3-Drive Buy pattern that has minor reverse H&S on the bottom. We suggest that it is possible to consider long position because now it is accompanied with reasonable risk. We see 45K level as...
eurusd downtrend The 50-period EMA at 1.0895 acts as an immediate resistance level for the major pair. The crucial upside barrier will emerge at 1.0915, portraying the confluence of the upper boundary of the Bollinger Band and the 100-period EMA. The next hurdle is located near a high of January 15 at 1.0967, and finally at the 1.1000 psychological round...
Morning folks, This update is better to watch with the previous one, so you better understand what we're talking about... So, BTC has slipped a bit lower. This is not yet the action that we've discussed in our previous scenario. With this downside action now the H&S pattern on 4H chart starts looking even better. Today we consider upside background that is a...