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...
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...
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...
Morning everybody, So, BTC has hit our XOP target around 35K. We keep our strategy that suggests no shorts and buying on the deeps. As target just has been reached, we need to see whether any reaction happens. If we get lucky, we consider long entry around 1.28 level on daily chart that is Fib support around daily oversold area. For those who familiar with...
Morning everybody, and Happy New Year, Last time we've discussed some fundamental issues that makes us to focus on higher target where the most reasonable by far our 35K and Bloomberg's 50K ones, but at the same time to not surprise if we get something greater in a longer-term. Because those who directly invests in BTC now, I mean Hedge and Pension funds, they...
Morning everybody, So, our last 1H chart analysis with the diamond has brought small loss to the bears and great result for the bulls probably. But, it is in the past and today we would like to say different things. Right now we only partially could use technical tools to explain BTC price action. It is driven right now mostly by easy money of Institutional...
Morning everybody, Happy Xmas holidays to everybody, this time its three days, which is great (as well as on New Year's day, btw). Well, recent scalp setup to buy deep and out at top has worked nice, but it was rather short-term scenario. On Monday we intend to release Fundamental research on BTC market. As a hint on content - do you know that Grayscale...
Morning guys, The big monthly step is done on last week, when market hits important monthly 23K target. We understand that BTC is overbought at monthly and weekly chart as well and this fact significantly increases chances for meaningful downside reaction. But, to form the background for this reaction market needs time and prepare some bearish pattern on daily...
Morning folks, So, it seems that our suggestion on breakout was correct and now we need just one picture for discussion. All other near standing targets are completed, including our weekly ~21K target. Now the major picture is a monthly chart. Here we have strong target/resistance cluster, that includes 1.27 butterfly extension all time AB-CD target and monthly...
Morning everybody, So, it seems that we were correct, suggesting BTC preparation for upside action, as downside tendency had no common type of action with reversal. Currently we need to keep an eye on two things. First is, and the most important - market has to stay above broken flag pattern from our previous update. Back drop will be the sign of weakness,...
Morning folks, So, BTC slightly has changed the shape of consolidation, turning from triangle to flag shape. But it doesn't change the core. While BTC stands above 16K lows - bullish context stands intact and price is building an energy for upside breakout. There are mostly two reasons for delay of breakout now. This is Overbought condition on higher time...
Morning folks, Market has not shown a lot of activity last week and mostly we keep our scenario valid. Price barely has tested previous ATH and it is correct to say that BTC mostly has touched the level rather than created the new ATH. It means that market's mission around ATH is not finished yet. IT has to either grab stops, wash them out and drop or show the...
Morning folks, Last time we've talked that butterfly on daily chart will be the best choice for BTC to complete major 21070$ target. But, market has chosen worse scenario instead, trying to break the top immediately. As a result, it stuck with daily overbought area and stopped at the current levels. Still, current price action is not the fake breakout that...
Morning folks, BTC has shown deeper retracement than we thought. Although it was ripening for some time and we even have talked about it earlier, but price has come so close to 20K top that it was seemed major retracement comes after its challenge. Anyway, we have few possible scenarios here, such as downside AB-CD, immediate upside breakout, butterfly and...
Morning folks, So, in recent few days we've tried to catch at least some minor pullback but BTC erases all hints on retracement. This makes us think that we stand before last upside effort to our weekly 21068$ target. When price stands so close to destination - it is aimed on it, ignoring barriers and showing no meaningful pullbacks, tending directly to the...
Morning everybody, Market is tending to nearest tactical target around 21070. Our general suggestion - minor pullback around current levels to ~ 16.70K then upside action to 21070$, grabbing stops around former 20K top and then deeper moderate retracement. The reason why we think that BTC probably should show tactic pause and pullback right now is overbought...
Morning folks, So, in recent 3-4 updates we 've warned on possible resistance areas that could become a reason, barrier for immediate upside continuation and trigger retracement. Now, as market has passed through all targets and levels this resistance cluster is broken and we could consider next upward destinations. On monthly chart this is 23-24K, on weekly...
Morning folks, Something stands in the air and despite recent rally, it seems that situation is becoming tricky. In a long-term yes - BTC perspective is cloudless, we wait for next $21K target etc. But here is what hesitate me a bit: we're at monthly COP target and Overbought area; Hash rate is dropping; recent jump was due Pfizer news that was strongly...