Morning folks, So, our daily bullish setup has worked perfect - grabber has been formed and everything has started. Now BTC in fact has a free space right up to the ATH. So, we suggest that it should be aiming to challenge it. Still, we have another tactic resistance area - trendline on daily chart, based on tops. If we take a look at 4H chart and suggest...
Morning folks, So, as we've said - don't upset if you missed long entry as we will get the chance later. Now retracement is under way. WE have a few different trading scenarios. First is, those who would like to buy - our B&B "Buy" trade stands very close. Today we could get bullish grabber on daily chart that will be quite welcome. On 4H chart the B&B could...
Morning folks, So, reaction on Biden's out is humble. Not only on BTC but across the board. Today it is a small update as nothing has changed significantly. Finally BTC has broken 66K resistance and now, officially, bearish weekly pattern is cancelled. At the same time, despite minor pullback, we haven't got clear H&S shape that we've counted on. Still, I...
Morning folks, Not many things to talk about. BTC slightly stepped out from our plan, shown direct upside action to 65K resistance area. But it changes nothing - we have the same trading plan and wait for moderate pullback, supposedly with H&S shape. Now we change the potential entry level from 59-60K up to 60.5-61.3K... Let's keep watching. The role of...
Morning everybody, As we've said last time - until BTC under 60K it keeps bearish context. So, the first step on a way to bullish turn is done. Market ha broken it up. Next decisive area is 65-66K resistance. If BTC will break it - it will be on a way to the new top and challenging of 74 ATH. Now we follow to reverse H&S pattern on 4H chart and watching for...
Morning guys, So, our idea with the upside bounce has worked perfect. Now price stands at strong resistance of 60K area. Until it stands below this level we suggest that bearish context remains. To start thinking about changing of the sentiment and consider long positions we need to see BTC somewhere around 64K and breaking through 60K strong resistance level....
Morning folks, So, BTC has dropped slightly more, as we've suggested but daily oversold hasn't let it to touch strong weekly 50-52K area that we've mentioned. Despite that overall context remains bearish, we prefer to wait for some rally to sell into. BTC now near weekly K-support, just has completed daily OP downside target and at daily oversold. It would...
Morning guys, So, our bearish entry with DiNapoli B&B "Sell" last time has worked perfect. And, as we've suspected, this trade has not stopped at just minimal target but has become the starting point of new big swing down. Obviously H&S on daily chart is failing, and it means that we will get drop under 55K. Next strong support stands around 50-52K area -...
Morning everybody, So, upside AB-CD bounce is done accurately. Now, as we said - those who would like to sell and try to make a bet on daily H&S failure has got nice setup. It calls as DiNapoli B&B "Sell" pattern. Upside AB-CD target is completed accurately at K-resistance area. Also you could recognize here minor upside butterfly, that also is done. Minimum...
Morning guys, In recent updates we've said a lot about overall situation and big picture with daily reverse H&S that is ready to fail, and probably will fail. Today we could focus on particular trading setup that is based on recent market drop. This is DiNapoli B&B "Sell" trade, a.k.a "Momentum" trade. The background is simple - strong downside momentum on...
Morning guys, Today BTC hits 62.50$ - our downside XOP target on daily chart (see previous update), and 62.50-64.2K area was mentioned as the one where potential right arm of big reverse H&S pattern should be formed. Nominally, this pattern is still valid, but today I show you performance on 1H chart that clearly shows problems for bulls. Normally, when market...
Morning folks, Recent Fed meeting results have made impact on short-term BTC performance as well. Although our major bullish context based on daily reverse H&S pattern remains valid, BTC could try to move slightly lower. So, the right shoulder on daily chart will be more harmonic to the left one. In general, until BTC stands above 61K - H&S pattern will remain...
Morning folks, Mostly this idea is a continuation of the previous one, but there I've put too many updates already. So let's make the new one... BTC also was hurt a bit by NFP numbers on Friday but not as strong as EUR or Gold market. We suggest that it keeps bullish context valid. Besides, we've got bullish grabber on Friday as well. Our nearest upside target...
Morning folks, So, as we've said, if BTC breaks 69K it should go higher. That we see now. Nearest upside target is based on the same pattern - reverse H&S that we're trading for a couple of weeks already. It stands at 74.75K But at the same time, I would like to show you this one - reverse H&S on top. If we see that BTC starts falling fast, it could be not the...
Morning folks, So, our H&S starts perfect. Tactically we've missed a bit, expecting upside turn around 59.5K area, but data releases and putting down of ETH ETH perspectives have supported earlier upside reversal. Also Hong Kong is very active with opening domestic ETF's that boost BTC demand among Chinese population. Now our H&S pattern has two target. Nearest...
Morning folks, So, everything is going with the plan by far. Market has reached ~60K area where potential right arm of our 4H reverse H&S pattern should stay. But here is a minor tricky thing. Overall performance doesn't look bullish by far. On 1H chart it even looks bearish. We have downside acceleration and uncompleted XOP target that makes an Agreement with...
Morning everybody, So, the first step of our trading plan is done - market is around 61K, which is intraday strong support area. It is preferable if upside action starts from here, although downside continuation to next support and XOP target will not become a tragedy yet, but will be looking worse with lower chances on success. Now we need to watch for small...
Morning folks, So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart, we do not consider short entry right now. Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline,...