฿ Bitcoin BTC/USD Daily Video, December 14, 2018

[Sive Morten]

Good morning,

BTC confirms our bearish suggestion. Now we're watching mostly for 2900 target with the minor pause around 3130-3170:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[WaveRider]

Hi sive. It looks like your bitcoin analysis is completely technical and not at all fundamental. Is that right? And do you find your technical tools serve a trader pretty reliably with bitcoin?

 

[Sive Morten]

Hi sive. It looks like your bitcoin analysis is completely technical and not at all fundamental. Is that right? And do you find your technical tools serve a trader pretty reliably with bitcoin?

Hi buddy,
Not quite. Actually we keep an eye on fundamentals as well. For example here is our most recent attempt to estimate sentiment on the market:
Here is our discussion on intrinsic value of Bitcoin.

Technical analysis works well, mostly on daily and above time frames. At least our downside long-term targets on weekly chart have been hit.
Also It is interesting what do you treat as "fundamentals" of BTC... It is not simple question.