Sive-Morten

Sive-Morten

Morning folks, So, BTC just perfectly completed our setup for this week, turning down precisely around 107.80K, where as butterfly as H&S pattern targets were completed and falling down to predefined 98-98.5K area... Now what? Daily trend has turned bearish, so, nominally we have no reasons for longs at least on daily chart. And should wait for the bounce to...

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Morning folks, So, our bullish setup has worked pretty well and 107.25-107.50K target is almost done as of our butterfly has of H&S pattern: Once it will be competed, we will be watching for natural pullback, somewhere to 104K at least, maybe lower, depending on the shape of the retracement. And will try to buy this deep with the next long entry.

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Morning folks, So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right? While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony? Thus, 98-98.5 seems interesting level, if you...

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Morning folks, Just we've stopped talking about downside reaction on 102K target - it immediately has happened. As we're going slowly to Xmas time, managers and investors start thinking about holidays and payouts. So, activity on the market will slow. Second is BTC is overbought on monthly chart and completed major target. Such a combination tells that it...

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Morning folks, So, today is not too many things to comment - our 102K target is done perfectly, as well as entry process setup. Now we need to give some time to the market and see what the reaction will follow on this level. Reasons for reaction exist - monthly and weekly Overbought, strong and important 100K target. So at this point I wouldn't hurry up with...

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Morning folks, Last time we've taken a pause, because of Holiday and some uncertainty as market could form three different patterns. Now the amount of candidates is reduced, so, we could speak more specifically. In fact, minor upside action that has happened last week, increase chances for upside butterfly. But, since action is relatively slow, we prefer to...

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Morning folks, Surprisingly, but BTC has not come to 102K target directly. Despite a lot of panic headlines in media about 8+% drop - nothing awful has happened. Very small retracement and inside week. In some way 102K target will be reached, no doubts. But right now it is impossible to say in what particular way this will happen. As there are too many...

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Morning folks, So, our suggestion that BTC is aimed on 100K and will keep going to it directly seems was correct. J. Yellen resigned, and it was another positive news for BTC. Anyway, currently we see no reasons to change our trading plan. On daily chart we have bullish grabber, suggesting upward continuation. So, it is just a few steps until the target....

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Today, guys we show you the longest and shortest our charts. First one is a monthly time frame, and it shows strategical targets, and the nearest one is 102K. Pay attention that price is coming to historical record of overbought level. This combination significantly increases the retracement chances once 102K target will be reached. Still, on 1H chart BTC...

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Morning folks, Since last week BTC has reached a solid target/resistance area together with weekly Overbought (where it still stands) we have considered two scenarios - either immediate downside pullback via H&S pattern, or attempt to touch major 102K target first and then the pullback. Now it seems that everything goes with the latter scenario. H&S shape on 4H...

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Greetings everybody, So, BTC is taking important targets one by one. 85 all-time AB=CD target already is behind and next one is 102K. NOw price stands between them, but BTC is not at overbought on monthly chart, so potentially it could keep moving higher. THe major intrigue right now is the retracement. Whether BTC shows response to 85K target and then will...

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Morning folks, So, BTC has made a historical breakout. But for those who read our monthly report it is not a surprise. This is long term game and the pumping process is just starting. If you want to know what is really going on - you could read it. Meantime, we consider 85-88K as the next upside target. If BTC will show pullback prior it will reach it, then...

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Morning guys, So, BTC was able to hold ~68K lows, keeping short-term bullish context intact. Now market is overbought, so, in short-term we could get minor drop back to Fib support level - 72.8K and 70.5K, where upside action potentially could be re-established. The upside target remains the same - daily AB-CD @ 78.6K level.

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Morning everybody, So, recent sell-off on stock market and rally of the US yields have made pressure as on Gold as on BTC but thankfully it was short term. Still, BTC has dropped to the level that we've discussed last time - 67.5-68K. Why is it so special? First is, it stands around the all-time trend line resistance that recently has been broken up. Second is...

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Morning folks, So, our " signal level" of ~68.6-69K has been broken and bullish setup has been set. Those who have used Stop "buy" entry orders should have good results. Now the trading process is relatively simple. All that you need to do is to control 68.6-69K area. Because you do not want to see bearish reversal swing on BTC and drop back under long-term...

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Morning folks, So, last time we said to not hurry up with the new long entry and then BTC has re-tested our 65.5K support area where we got nice long entry earlier. At first glance BTC looks nice bullish performance, but it is clearly slowing. D. Trump crypto programme has done its job and totally priced-in. Its impact is exhausting. If D. Trump will take the...

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Morning folks, So, Monday's setup is done perfect, we've got long entry around 66K support area as we've planned. But next step currently is not evident. The point is that the retracement starts across the board - DXY, FX, Gold, Bonds etc... BTC in recent few weeks had a bit special performance. And mostly it was moving higher on D. Trump crypto programme....

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Morning folks, So, the journey to 68-69K target is over. Daily AB-CD is completed, right at the trendline resistance on weekly/daily time frame. This target agrees with intraday XOP of our reverse H&S. Since BTC has its own driver - D. Trump promises to make America BTC great again - this lets it to move against the wind, together with gold. But drivers are...