Morning guys, BTC shows very narrow price action, activity has dropped significantly, so we do not need even any update on daily and 4H analysis. Today is NFP release and preliminary balance stands not in favor of BTC as market mostly expects to get good numbers. Anyway, BTC stands tight and is forming something like reverse H&S on 1H chart. Whatever it will...
Morning guys, our 1H H&S pattern has been completed on Friday by occasional spike up of NFP release. Longer term analysis mostly makes us to look south. It means that every time when market will come to long-term trendline - it is time to go short, especially if we have some bearish continuation/reversal pattern. Now it is around 6800 - 7000$ on daily...
Greetings everybody, EUR stands around vital 1.1450 level. Downside breakout will lead to re-establishing of long-term bear trend and failure of daily reverse H&S potential pattern. Expectations on NFP data are not in favor of EUR. Right now we see only one pattern that could trigger rally . This is 3-Drive Buy from 1.1450. It will either trigger upside...
Greetings guys, So, yesterday market has touched our 1.15 support area and neckline of 4H H&S pattern that we've talked recently and still keep in focus. Now it's time to talk on upside perspectives. Following the harmony of the pattern, upside action should reach 1.17-1.1730 area. Our butterfly has worked perfectly and market turns up. Now, on 1H we're...
Morning everybody, BTC price action confirms our suspicions. Although our daily target stands around 5900$, 6200-6300 is another shorter-term target cluster. Here we have 1H AB=CD and our 4H Butterfly "Buy" that we've mentioned yesterday.
Morning everybody, Recent price action makes us keep bearish scenario valid. BTC action looks heavy, no signs of thrust up. Current action as on daily chart as on 4H chart looks like retracement after fast drop. Besides, we have uncompleted our major daily 5900$ target. Putting it all together, our expectation stands with downward continuation. The only...
Morning guys, Last week was a reversal one right from strong daily resistance. As a result, we've got bearish engulfing pattern on weekly chart, which, as a rule, takes the shape of AB=CD action on lower time frames. Since we also could recognize H&S shape here, our expectation is EUR should reach ~1.1450 area, by forming right shoulder and upside retracement...
Oil is coming to 1.618 AB-CD target around 90$. Here we also have minor 5/8 Fib resistance which could create background for retracement/reversal once "222" pattern will be completed
Hey everybody, While we keep bearish context on daily chart still, since market was able to hold inside the channel - our bearish scenario was not realized. As result market has followed to bullish MACD divergence and completed 1.618 AB-CD inside the channel. Now price stands very close to 6900 Fib resistance area. Also we have larger AB=CD pattern with 7100$...
Morning everybody, Market stands in sideways upside channel action that we clearly see on 4H chart. Since this channel has started right after miserable plunge, it mostly has features of a retracement, a kind of flag consolidation. Hence, sooner or later, retracement should be over. This makes us keep our daily bearish view on BTC with 5900 target. On intraday...
Market stands at strong daily resistance which suggests at least 3/8 retracement. Thus our first expectation is 1.16 area. For detailed analysis, trading setups and patterns that are forming right now - follow our signature link.
We've got bearish DiNapoli grabber on weekly chart, which suggests renew of recent 1160 lows. Until grabber top will be untouched, context will remain bearish. For detail analysis how to play this setup and view on daily/intraday chart - follow our signature link.
Morning everybody, Yesterday we've provided two possible scenarios for BTC. First scenario was destroyed by price collapse below neckline of 4H Double bottom pattern. Usually this type of action leads to drop below the bottoms, which agrees with our daily 5900$ target. Our view on BTC was bearish and is bearish and it was just a question from which level...
Greetings everybody, Mostly everything is said in title - Total shares could reverse down from 60 EUR level. On lower time frames, even minor monthly retracement could lead to solid bearish trends.
Greetings everybody, Our Friday's bet on Double Bottom pattern was correct, but right now is a moment of thruth for BTC. In two words - it needs to stay above the 6505 lows to keep bullish context. We see two possible scenarios that could realized here. And one of them that already almost in place we discuss on our forum. It describes in details how to play...
Morning guys, We keep bullish context on EUR, but right now market has reached daily K-resistance area and completed few intraday targets. This butterfly is among them. This makes us expect pullback today.
Morning everybody, BTC shows upside breakout of the Double bottom neckline that we've suggested yesterday. Now we have two targets that coincide the same area - AB=CD 1.618 and classic DB target. Both stand around 7070
Morning guys, our 2 week target is completed, as Cable has reached the AB=CD target and formed "222" Sell pattern. Right now it is very fascinating and thrilling situation around GBP as it is based on poltiical background. Today we've put detailed analysis about it. You could watch the video or read the text version with precise patterns, targets and...