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...
We still keep daily bullish context, but on intraday charts market looks a bit heavy and shows number of bearish signs. One of them is "222" Sell on 4H, and it suggests deeper retracement. But we have another ones as well. Also this pattern has one pitfall, that you should care about, if you want to go short with it. What this trap is - visit our signature link,...
Morning everybody, recent volatility makes useless lower time frame analysis. Here, on 4H, while BTC will keep lows intact, Double bottom is possible. If price will drop back below them - it will mean that we again on the road to our 5900 target. But, if even DB will be realized, it will lead to higher upside bounce but not change daily picture, where we...
Greetings, our yesterday's Setup with "222" Buy has worked perfect and gold has completed AB=CD upside action. Although we have positive look at daily gold and expect action to 1217-1218 area in nearest perspective, within few hours gold could show pullback, based on nice "222" Sell hourly pattern
Morning everybody, BTC shows lazy behavior in recent 1-2 sessions, so we keep our daily setup valid. It's bearish and target stands at 5900 Hence, any pullback that will be formed, we treat as chance to go short at better price. Now BTC stands at strong Fib resistance area and natural acc/dist. zone. Although that we take in consideration possible "222" Sell...
Morning everybody, Gold has formed DiNapoli bullish daily grabber yesterday. It means that while gold keeps its lows, context stands bullish and market keeps chances on challenging of 1217 top. On 1H chart we have "222" Buy pattern, based on daily garbber's swing. For more details, please follow our signature link, dedicated to gold analysis.
Greetings everybody, Market has failed to follow reverse H&S pattern on 4H chart. In fact BTC has dropped on background of rising FX and Gold markets. Failure of H&S usually leads to drop below the head, which makes us think that BTC aims on our daily 5900 target finally...
Last Friday we've got DiNapoli bearish grabber weekly pattern, which suggests taking out of previous lows on weekly chart. This makes us change daily view as well. Currently difficult to forecast definitely how lows will be taken - either just washed slightly or with true breakout. Bullish context could be re-established, if market will break up recent top and...
Greetings everybody, Friday's sharp reversal was a bit irrational from technical point of view. This is the reason why we think that EUR could show deeper retracement. At the same time, we do not cancel yet our daily bullish scenario with upside action to 1.19 area, but have to switch from simple AB=CD to "222" Buy pattern due recent price action. For detailed...