btc/usd

Good morning, We have prepared new Fundamental Report on BTC In short-term perspective we consider 21.7-22K area as vital for short-term bearish context. Until its valid, it is possible to consider short entry around 20.97-21.07 resistance area. Downside targets are 19.18K and 17.5K

Good morning, Jackson Hole meeting could make unexpected effect on the market, but technical picture now stands bearish and doesn't let us to consider any long positions. Supposedly short position might be considered with protection above 22.6K resistance area:

Good morning, Those who read our fundamental reports are not surprised with recent BTC performance as it accurately stands on our long-term scenario. In short-term context looks bearish with the next target around 12.2K area. 25.2-25.4K resistance area looks interesting to consider the short...

Good morning, BTC shows very similar picture to the gold market. Although in mid term perspective downside action should continue, within 1-2 sessions BTC could start the pullback from ~22-22.5K area to 24-24.4K level:

Good morning, Our XOP target is done and market is ready for the technical pullback. Initial stops might be placed above 26.35K daily K-area:

Good morning, CPI data is supportive to BTC and in nearest time we're watching for reaching of 25.5-26.2K resistance and target area. Bears should wait when intraday target will be done:

Good morning, BTC upside action perfectly starts once previously discussed butterfly and XOP target were completed around 22.4K. Now market is following to reverse H&S pattern. If you have missed the entry another chance might be on a pullback around 23.3-23.4 support area, after OP target...

Good morning, We consider 21.95-22.25K support area as the one, where potentially BTC could re-establish upside action to 25.5-26.2K upside target:

Good morning, Gold was able to stay above 1754 Fib level. The price shape makes us think that upside action to major 1806$ target could be re-established right now. This scenario will be valid until price stands above the level.

Good morning, We're happy to announce our new BTC Fundamental Report Fundamental background has changed and we expect new type of QE from the Fed and US Government. This postpones reaching of our downside targets. BTC could stabilize at current levels. In short-term we consider 22K and...

Good morning, Negative GDP numbers could help BTC to climb slightly higher and test 25.5-26K daily resistance area:

Good morning, We expect that coming fundamental events will be quite bearish for the stocks and bitcoin market, and suggest downside reversal on Thursday, after IIQ GDP release. Technically, downside breakout of 20K support area will confirm bearish reversal

Good morning, BTC stands at the edge and by the end of this week we could get bearish patterns on weekly chart. Upside action could stop at any moment:

Good morning, We suggest that BTC shows artificial rally (as stock market as well), because of ~50 Bln liquidity, pumped back into the economy by the Fed in recent two weeks. We consider two upside targets - 23K and 25.5K for upside action, but do not consider investing in BTC right now.

Good morning, Recent CPI report is not in favor of BTC. Thus, we do not exclude minor upside pullback to 21.15-21.40K area, but treat it as tactical and short-term with now impact on our longer term bearish view:

Good morning, BTC was able to show higher pullback last week, because Fed has failed to execute its obligations on QT pace. This brings no changes to our fundamental view and 12K target. We do not consider long positions by far: (it is some youtube problems guys, so here is FPA cloud link for...

Good morning, Due to temporal relief on stock market - our butterfly pattern is re-shaped, but it has the same direction and target around 18K area. We do not consider any long positions by far:

Good morning, New Fundamental BTC Report is here. BTC by far doesn't show fast downside acceleration, but we suggest it is temporal, and do not consider any long positions by far. Nearest downside target is 18K area:

Good morning, Here is our new Fundamental Bitcoin report As we've suggested, due poor US statistics yesterday, Bitcoin has failed to form reverse H&S pattern. Now it is possible to consider taking of new short positions as price should drop below 17.5K lows:

Good morning, BTC follows to technical upside bounce and we keep an eye on 23-24.2K resistance area for short entry. Still we do not exclude that downside reversal might happen earlier, as upward action is too slow: