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Sive-Morten

Greetings everybody, So it seems it was worthy of our efforts that we've decided to keep an eye on H&S pattern on 1H chart before consider any short-positions. As H&S has not been formed - it saved a lot of money. Now situation is similar but a bit more tricky. Markets across the board prepare background for retracement - gold, EUR at long-term supports and...

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Morning guys, Recently was a bit tricky situation when market has not confirmed potentially bearish setup that we've discussed last time. Still, as we've said before, 2nd chance to reverse exists around 56K area, as this is the objective point of 4H AB-CD pattern. As a result we have healthy "222" Sell on 4H time frame. Still, it is a bit scary to sell when...

Sive-Morten Updated 

Morning folks, Today we focus on daily chart, as it shows the major things that let us to control our setup. Intraday chart has more details and tricky moments, but all of them lead to the daily picture. Currently, everything depends on today's top. Potentially we could get bearish continuation pattern, if price close as it stands right now or lower. In this...

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Morning folks, Actually, we keep everything the same, but would like to make minor adjustments, because now we have the shape of BC upside leg. Although price hits 5/8 Fib resistance already, the downside action could start from a bit higher level - 55K, as BC leg is upside ab-cd pattern as well, with 55K target. Correspondingly - 52-55K is an area that we also...

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Morning everybody, This time it could be difficult to put everything in minor update. In two words - we intend to stick with weekly bearish engulfing pattern. It has actually three way of utility. First one is for long-term traders who wants to accumulate more coins in portfolio. Those need to wait when pattern hits the target around 38-40K , weekly Fib level...

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Morning everybody, As some pullback is started we have the first fruit, which is DiNapoli B&B "Buy" setup on daily chart. Its minimum target stands around 53.23K area, entry inside of 45-49K range. I suggests that intraday 48-49K area looks most suitable for that. The optimal stop is below the lows, but if it is too much - it is possible to hide it either below...

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Morning folks, It is nothing to say about short-term picture, because, as you could see by yourself, BTC is just creeping higher without any particular patterns or something. The scale of the motion so wide that it makes no sense to look at intraday charts. The major question is when finally market takes the breath. Previously we already have shown you strong...

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Morning everybody, So our intraday 3-Drive has reached only minimum 46K target - the low between 2nd and 3rd drive, while butterfly has failed. It means that BTC should go upward further. We do not have any reasons to go short by far. Speaking about long entry - currently we also do not have any setups, but any pullback on daily chart, at least to 3/8 Fib...

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Greetings everybody, Here is just minor update as BTC is coming to the 50K target. Now it is definitely not a good moment for the new long position, as market is overbought and stands near desirable level. Important news from Tesla and Morgan Stanley are priced-in mostly and the only setup that we could try is downside retracement. In general, from the...

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Morning everybody, So, our suggestion on re-testing of 42 was correct. While we politely have suggested reaching of just OP around 42.20 - BTC hits XOP at 48K. Now we have reasons to suggest that BTC is aiming on 50K target. First, is, recently it was good acceleration to 1.27 butterfly target. As a rule, it leads to 1.618 after some pause. Second, BTC stands in...

Sive-Morten Updated 

Greetings everybody, So, as with massive coming of institutional investors to crypto market, they have brought their own "classical" rules of trading and role of different assets. BTC, for example, is treated as "inflation protection" and moves very accurately with 10-year interest rate. Thus, as tomorrow on NFP release we suspect jump in "hourly earnings"...

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Morning folks, Here is a kind of long-term view on Dollar Value. Our last forecast was in 2011 and there were a lot of bullish signs right before the smile - perfect "222" Buy and bullish DiNapoli grabber on quarterly chart. No need to say that smile has started right in time showing outstanding rally within 4 years. Now we're coming to new Smile. According to...

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Greetings everybody, Our upside scenario is mostly worked out as BTC has hit predefined 37-38K target but unfortunately missed swing to 28.25K before the rally. Sometimes this happens. But it doesn't mean that 28.25K level should be ignored. As a result of Friday's jump, we've got bearish grabber on daily chart, that particular suggests drop below recent lows...

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Morning everybody, In general our former setup is still valid, although it is interesting how GDP report today will impact on it. We still consider 28-28.25K area as interesting for taking long position, stop supposedly should be below 27K Fib support level. 27-29K is an area that vital to medium-term perspective and there is an opinion on the market that...

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Morning guys, It is difficult to include everything in minor update. In two words - we think that BTC keeps bullish context on daily chart, and expect that it should try to challenge 42K top once again. Currently it is unclear yet, whether it becomes rally to 47 or just wash&rinse of the top to grab stops around it. Anyway, conservative target that we have is...

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Greetings everybody, As we've said, "Buy deeps " tactic is a best choice when market has the momentum like BTC. Currently price stands with daily Dinapoli B&B "Buy" trade and its minimum target stands around 37.45K area. But after that we could few scenarios. I've tried to show them on single chart, hopefully it is not too confusing. At first step we could keep...

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Greetings everybody, BTC stops the rally for awhile under impact of interest rates jump in US. It is hurt less than gold or EUR, but still, rally is taking the pause. In current circumstances we keep the same tactics and still think that the most safe way to deal the market is to buy the deeps around good support areas. As we have no clear patterns by far, on...

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Morning folks, As we've mentioned before, BTC has hit all time major XOP target at 35K. In long-term we expect upside continuation with next nearest target around 47K$ and in perspective of 1-2 years 150K on average. In the range of 35-50K we expect starting of deep pullback when BTC could played back ~50% of its value. This should become great chance for...