marcomottana

marcomottana Updated 

The main trendline from 20.000 top to the most recent ones had its immediate effect to stop the rebound to 10.000 level. Now many crossings of shorter term and the fifth wave up creates the environment for a triangle or so.... what is going to come next? a 13.000 > 20.000 fast market? By now it seems to be too early, expect some side movements 8600-9600. a 7500...

marcomottana

No question about the ability to Ms. FED to flood the market with liquidity coming from thin air... but that's a long success story. Even his Mr. the President had his impact with his behavior that at least is not so predictable. Now what? the rebound has gone very far, both SP and NASD even more. Will we be bearish? NO Will we be cautious? YES The rebound went up...

marcomottana

Oil slump is not only a Covid issue, but a long term bias caused by many historic fundamentals. Since long ago we are accustomed in seeing big movements down with the same percentage of fall like the recent one. So was this a move to buy or a definitive bearish setup? The last part of the crash was evidently an excess of panic and so it has been recovered at a...

marcomottana

If you shorted BTC @8900 breakout or higher, lower your stop not higher than @8750 first tkp @8450 then we see... If you have longer term bias or you are more bearish then @8100-7900 would fit. Marco

marcomottana

The 9500 is quite a strong resistance, but BTC is always surprising.... by now it show evidence of a test of last top with a probable spike. Sell level approx @9400 but consider that stop should be higher than 9550. Target 8950. For a real short bias we should wait the break of 8900. Remember that any resistance and support level is always surpassed by 50 points...

marcomottana

BTC/USD had a surge up to 9500 in a very short time frame. All the movement of rebound in the 2020 time frame were in a normal setup considering the collapse from 20000 to 3000 areas. The actual collapse below 4000 was a fear spike due to covid situation that has been widely bought from whales taking back to the actual levels that can be considered a return into...