Sive-Morten

Sive-Morten

Morning everybody, So, our H&S pattern starts perfect. The only thing that we've missed is the neckline top - we thought it should be around 71K but it has been formed around 73K, which is even better in perspective. So, 2nd stage of the plan is done as well - right arm stands in place. We also have bullish grabbers on daily chart. All this stuff, based on...

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Morning folks, So, on Thursday we've suggested "60-67-60" action, and there are no questions to the first part. Indeed rally was really nice. But, the 2nd part of action from 67K down to 60K was based on potential weekly bearish engulfing pattern, if you remember. But it has not been formed as you could see. Together with other bullish signs that it is too long...

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Morning fellows, So our breakout setup is done well. What is looking intriguing now - BTC behaves quite different to gold, have you signed this? Recent performance, especially if we get good NFP tomorrow suggests that retracement might be a bit deeper. We consider 60-60.5K area as potential target (because we could get weekly bearish engulfing pattern by this...

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Morning folks, So, it seems that "222" Sell last time was not a bad idea at all. Despite that BTC stands in rectangle we've got two nicely looking downside bounce. Now we have some nuances with the BTC performance, but to keep it simple it is mostly suitable for those who like to trade breakouts. If you do not want to wait a bit for clarity on daily chart, in...

Sive-Morten Updated 

Morning folks, So, our H&S is done well, and already has reached the minimal target. Now the major question whether it will go to 74.3$, a kind of "bonus" upside target. Maybe.. But, today we would think about protection and risk control, rather than about some bargain. On daily chart we've got bearish grabber that is taking the shape of '222" Sell here, on 1H...

Sive-Morten Updated 

Morning folks, So, let's go back to our H&S pattern, which is a 2nd attempt to go long. You could see that it starts working. Right arm stands in place and now we could move stops to breakeven. Second is - we could estimate targets. First one is H&S AB=CD around 69.70K. If we get lucky, we could see 1.618 expansion to 74.3K. Finally, if you've missed entry...

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Morning folks, Despite how great Monday's setup was looking, BTC was not able to compete it. H&S has failed and BTC dropped almost to ~60K area. Still, the same context is still valid - BTC at daily oversold. But this time it is also at strong K-support area. Thus, our attempt for to take the long position continues. This time, pattern looks better, and...

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Morning folks, Although we were a bit sceptic last time about good entry chance, because we saw how BlackRock just buying out any, even minimal deep on the market. Still, market was able to reach 65K area that we've discussed on Thursday. 65K is also daily oversold. Since we have strong upside momentum, upside bounce should be at least 5/8, which is around...

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Morning folks, So, BTC keeps it unstoppable rally, and is strongly overbought on weekly chart. But for now market totally ignores this. Yes, upward action is slowing, we have small tactical bearish grabbers on 4H chart, but it gives low chances on moderate retracement. BTC successfully holds above previous ATH, showing no significant retracement and no doubts -...

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Morning folks, So, on Monday we've sent relatively modest target - around 65.5K, it was completed. Now BTC stands at weekly overbought and strong upside continuation is hardly possible immediately. Still, intraday scenarios are also not perfect. At first glance, on 4H chart, with the grabbers aboard, we could count on tactic downside deep. But, on 1H chart (not...

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Morning folks, Well, as all targets that were standing inside previous swings are done, now its time to increase the scale. No much comments are needed here. Our next upside target is 85K. Also action between 65 and 69K levels seems important. If downside retracement will happen - we could get upside butterfly as well an entry chance around 40-45K area.

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Morning folks, Well, rally looks great, but absolutely unnatural and has no relation to normal market dynamic. It is pumped externally. This is not a surprise when 80% of spot market and all transactions and depository operation stand in one hands. Bubble? Yes, but it is not totally ripen yet, need some time to grow more... Our setup has worked perfect whatever...

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Morning folks, It seems that market is tired a bit from previous ETF rally. Major drivers are worked out already, and market needs something new. Supposedly coming April halving and possible ETH ETF approvement in May are most probable ones. Right now price stands in tight consolidation, which is might be treated as a bullish sign. At the same time, this...

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Morning folks, So, intraday H&S patterns that we've discussed last time has started very accurately as we've suggested. But, BTC was not able to break the top, forming minor W&R, grabbing stops around it. Thus, this H&S has failed. This is bearish moment. Dont' forget, that market stands at very unstable area of strong 52K monthly resistance. On daily chart...

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Morning folks, So, BTC hits our Yearly Pivot Resistance 1 level and in nearest 1-2 months, it will be really decisive time for next direction on the market. Meantime, while BTC is still coiling around, let's take a look at lower time frames. Context remains bullish, so we do not consider any shorts by far. We suggest that 51.5K area will be vital in nearest...

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Morning folks, So, upside target of 52.2$ is reached. Now price stands at strong resistance area, including monthly major 5/8 level, Yearly Pivot Resistance 1 and upside weekly XOP target. Additionally we see that daily butterfly has been completed and market is overbought here. Although we do not exclude some wobbling in 52-55K area, so 1.618 butterfly target...

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Morning folks, So, 47.2K target is also completed. The next one is 50.50-52K, which is a big monthly cluster, including upside weekly XOP target, our XOP here, from reverse H&S target that we're trading now (it stands around 50.50K), Yearly Pivot Resistance 1. But for now it seems market needs some tactical pause. Now major 5/8 monthly Fib resistance is hit,...

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Morning folks, Sorry for a bit messy chart, just try to put everything necessary here. So, our minimum target is mostly done - 45K area. Next one is 47.22K - H&S major target. But, since the 45K area is moderate resistance level, it is normal to expect tactical down reaction on it, somewhere to 44K area at least. Before upside action will continue