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Doubts are confirmed. Watching for 100.5KMorning folks, Last time we decided to take a pause, because too weak performance on supposedly bearish market has confused us. Now our doubts are confirmed, indeed the action that we see now is not typical and natural for bearish market. It is too wobble and slow. This is not the way how bearish market normally moves. It doesn't mean that potentially bearish scenario and deeper retracement are cancelled totally. It means that they could start with different patterns. Thus, on daily we're watching for something like this, although do not exclude that it might be Double Top later as well: Since the shoulder stands around ~100.5K, we do not consider any shorts until it will be reached. 1H chart shows upside AB-CD with the same extension target. We consider no longs.
COINBASE:BTCUSD
by Sive-Morten
Retracement will be deeper but what pattern will trigger it?Greetings everybody, So, our H&S behaves well by far, but now the degree of uncertainty is raising. As you could see on the chart downside action is slowing. What is it? Thin Xmas market or the bearish pressure is becoming weaker? Long-term charts - monthly, weekly show that deeper retracement has high chances to happen in nearest 1-2 months. The problem is, it is difficult to estimate what particular pattern will trigger it. If market will keep going lower - it could be our H&S. But what if we will get the different one instead? Something like this on daily: That's why, if you have shorts - you could keep it, just manage your stops. But for now we take the pause with the new shorts. We do not consider longs as well, because the major context is down. Hopefully after NY we will get more clarity on this subject.
COINBASE:BTCUSD
by Sive-Morten
Perfect startMorning folks, Hopefully you had a great Xmas time... Today we do not have a lot to comment. Our view we've explained in previous update Setup has started just perfect. Once upside AB-CD was done, the H&S starts. Now we consider two points - 89.5-90K, mostly because of Fib support and oversold on daily chart [ /b] And the major one around 82K as a H&S downside target. 10-year yields are keep climbing with 4.75% target by our view. So the pressure on all dollar rivals will remain for some time. Thus, no longs, if you've missed entry on top, no problems, you could try to step in on minor intraday pullback.
COINBASE:BTCUSDShort
by Sive-Morten
Bullish tendency is broken 101-102K for sellingMorning folks, So, BTC was not able to stay above predefined support area and drop right back to the daily 92-95K level. It means that existing bullish context on daily chart is done. In general, this is reasonable - we're going to the Xmas Holidays and inauguration. There are a lot of uncertainty with coming D. Trump policy. Especially when JPowell said that the Fed doesn't intend to own any BTC... so inner conflict is ready. So, retracement might be deeper in nearest month. Since BTC is overextended down a bit, the first thing we expect upside technical bounce, somewhere to 101-102K area. Then, if we're correct in our analysis, downside reversal should happen with potential H&S pattern.
COINBASE:BTCUSDShort
by Sive-Morten
105K for possible short entryMorning folks, So, BTC just perfectly completed our setup for this week, turning down precisely around 107.80K, where as butterfly as H&S pattern targets were completed and falling down to predefined 98-98.5K area... Now what? Daily trend has turned bearish, so, nominally we have no reasons for longs at least on daily chart. And should wait for the bounce to resistance levels. Now 105K seems potentially interesting for short entry, if BTC will hold bearish trend. On intraday chart current 98-98.5 Lows in fact is a last hope for the bulls. This is K-support area, trend line support. SO tactical bounce should happen here, and it is already underway. Thus, for intraday traders, this level might be interesting for scalp long position. Those who would like to sell should wait for the same upside bounce. And, some resistance area, say 105K. If BTC will keep going higher, then forget about shorts for some time. So, daily traders should wait...
COINBASE:BTCUSD
by Sive-Morten
AUD/USD Analysis (1-Hour Timeframe)I'm monitoring AUD/USD closely as the price approaches a black trendline. If the trendline is broken, it could signal a bearish move. My target for this setup is the green support level, which has historically acted as a strong zone of buyer activity. This area could present opportunities for either reducing short positions or watching for a potential bounce. Key points: Wait for confirmation of a trendline breakout. Observe volume and candlestick patterns to validate the move. Be cautious around the green support level for possible reversals. Patience is essential for the best entry!
Short
by WaveRiders2
2
107K is next upside target, looking at 98-98.5K for entryMorning folks, So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right? While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony? Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
COINBASE:BTCUSD
by Sive-Morten
Give market more timeMorning folks, Just we've stopped talking about downside reaction on 102K target - it immediately has happened. As we're going slowly to Xmas time, managers and investors start thinking about holidays and payouts. So, activity on the market will slow. Second is BTC is overbought on monthly chart and completed major target. Such a combination tells that it should be either down or sideways action in nearest time. Since monthly is very big time frame, reaction might be extended in time. So, we just need to do market time to express this reaction. It now stands in release stage. So, the first thing - we should not hurry up with a new position, no matter in what direction. Do you see something interesting here, on 4H chart? That's it and I see nothing. Second is - we should wait for clear patterns without any worry that we will miss the chance. Patterns should be extended and well recognisable, such as H&S on daily for example: Or something of this kind. So, be patient.
COINBASE:BTCUSD
by Sive-Morten
127K is the next oneMorning folks, So, today is not too many things to comment - our 102K target is done perfectly, as well as entry process setup. Now we need to give some time to the market and see what the reaction will follow on this level. Reasons for reaction exist - monthly and weekly Overbought, strong and important 100K target. So at this point I wouldn't hurry up with the new long position. Based on monthly chart next all time target is 127K. It doesn't mean that BTC will go to it immediately, but this is just the next one to consider, when you plan to invest or buy BTC for long-term some day later:
BITFINEX:BTCUSD
by Sive-Morten
Watching for 93.5K supportMorning folks, Last time we've taken a pause, because of Holiday and some uncertainty as market could form three different patterns. Now the amount of candidates is reduced, so, we could speak more specifically. In fact, minor upside action that has happened last week, increase chances for upside butterfly. But, since action is relatively slow, we prefer to use lowest Fib support to consider position taking. 93.5K looks to be OK for this. Besides, this is trend line of broken triangle. Invalidation point of this scenario is lows at 90.5K level. So, not too big risk. If BTC breaks it - we get deeper downside action of a larger scale. In fact, this will erase the butterfly. Upside target is the same 102K.
COINBASE:BTCUSDLong
by Sive-Morten
SasanSeifi| Beginning of a Move to Higher Targets?Hey there, ✌ On the daily timeframe KUCOIN:ILVUSDT , we can see that the price has shown a relative increase from the $30 support zone and managed to rise up to the $46 area after breaking the previous high at $42. Following this upward move, the price pulled back to the $36 level and experienced a positive reaction, resuming its growth. The overall market outlook is bullish, and given the current conditions, if the price stabilizes above the $42 level, the uptrend is expected to continue. In this case, the price could potentially move toward key targets of $47 and $53, with momentum possibly pushing it to $60. Reaching these new levels could indicate the formation of a Higher High (HH). Monitoring price reactions at key levels, especially after surpassing the $41 zone, is crucial. The current major support level is $36. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
SasanSeifi| Can It Hit $2.50!? Hey there,By analyzing the daily chart of BINANCE:THETAUSDT , we can see that the price has made a significant move up from its low towards the supply zone. Currently, the price is reacting to the supply zone and we are witnessing a pullback. Based on the overall market conditions, my view remains bullish. My Expectation:If the price holds the support level at $1.50, it could potentially rise to targets of $2.00, $2.20, and the supply zone around $2.50. If the price continues to rise, we need to observe its reactions to better understand the continuation of the trend. The key support level is $1.50. 💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion! Happy trading!✌😎 Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌ If you want any further adjustments, just let me know!
Long
by SasanSeifi
Too many patterns to suggestMorning folks, Surprisingly, but BTC has not come to 102K target directly. Despite a lot of panic headlines in media about 8+% drop - nothing awful has happened. Very small retracement and inside week. In some way 102K target will be reached, no doubts. But right now it is impossible to say in what particular way this will happen. As there are too many patterns that we could suggest. Here, on the chart we already have three of them. On daily chart it might be another two. Keeping it simple, the concern is about how BTC will go higher - either right now or after deeper retracement. Since today a Holiday and we will have a weekend soon, we think it would be better do not hurry up and postpone everything until Monday. There might be some clarity.
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi| Can It Break Above $0.70?Hey there, ✌ Currently, in the daily timeframe chart, we can see that after a correction, Phantom has reacted to the previous resistance level at $0.55. The price is currently trading at $0.65. Given the current market conditions and the potential for Bitcoin growth, there is a possibility of positive fluctuations and price increases in the short to midterm. One possible scenario for BINANCE:FTMUSDT in the daily timeframe is that if the daily candle closes with a strong body and the price breaks above the $0.70 level, the potential for further growth to $0.88 and even reaching the $1 supply zone increases. These levels can be considered as important price targets. To validate this scenario, maintaining the $0.55 support level is crucial. On the other hand, if the $0.55 level is broken, the likelihood of further correction increases. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
FLong
by SasanSeifi
SasanSeifi| Is the Price Ready for a New Bullish Move?Hey there, ✌ By analyzing the daily chart BINANCE:TONUSDT , it is evident that the price encountered demand around the $4.50 level and, after breaking through the supply zone, rose to approximately $5.50. Following this rise, the price retraced to the broken level, which has now shown a reaction. The outlook remains bullish. It is anticipated that after a consolidation phase, if the price stabilizes above the $5.50 level, it could advance in the medium term toward the $6.15 target and the bearish order block at the $6.50 level. Should the price continue to rise, observing its reaction to maintain this trend will be important. Currently, the $5.00 level serves as a support zone. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi