btc/usd

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:

Good morning, BTC has prepared intraday H&S pattern that we've discussed on Monday. So, if you would like to participate - it is moment to make a decision on position taking:

Good morning, Once again BTC is trying to show the pullback, together with other markets. We do not intend to trade it, but we watch for 23.5-24K area as potentially interesting for taking short position:

Good morning, As other market BTC could show tactical bounce to ~25.4K resistance area. But, as we keep bearish view, downside action could continue then:

Good morning, BTC action confirms our doubts. Now we watch for two downside targets of 23.50 and 21K. Resistance levels of 26.2 and 27-24.4K seems suitable to consider the short entry:

Good morning, Lower CPI numbers tomorrow could provide short-term support and maybe even to reach 34-34.4K target. Overall technical picture makes us to stay aside from taking long position as we do not want to gamble on CPI numbers.

Good morning, BTC shows thrusty bounce out from K-support area, mentioned last week. Now we do not consider any new short positions and suggest that BTC should not show deep retracements as well. Supposedly 30.75K and 30.38-30.52K support areas should hold possible minor intraday pullback...

Good morning, BTC stands at strong support area but shows no signs of upward reversal yet. Still, due to cross-market analysis, including Forex, 10-year yields chart - they suggest the pullback, which supposedly should be on the BTC market as well, at least at some degree.

Good morning, Here is our new BTC Fundamental report. Due to the reasons that we've discussed in FX and Gold weekly reports - BTC follows to common tendency and creeping higher. This party should last a bit more, and potentially BTC could reach 31.5K and 34.4 K targets. But this is tactical...

Good morning, We happy to announce the new fundamental BTC report. Currently we do not consider taking long positions on BTC as bearish signs overcome the bullish ones, and suggest that BTC could follow to 20-23K area soon.

Good morning, BTC performance look weak and we keep our long-term bearish view. For the short term purposes we consider few patterns today that might be formed, but none of them have assurance of completion by far: