Kerstin_Ohlsson

Kerstin_Ohlsson

With this morning price pump a nice chance to trap those bulls is on today's agenda. A good job was done by $11K level buyers over the week-end but on the other hand, they simply had "to dig in": capitulation threatens just below 10800. The bullish momentum disappeared on the 3rd of July, right after it appeared on the 2nd. And the longer the price is in such a...

Kerstin_Ohlsson

Happy Friday! The market has chosen the 2nd scenario of ours from yesterday. In order to confirm its weakness it is surely not necessary for the price to step into the rising wedge trap zone. Moreover the consolidation upper border false breakout had already been made by the time the market decided not to go to $13K. With the price re-entering the "flag' zone the...

Kerstin_Ohlsson

Thursday morning has shown the breakout of a consolidation upper border with no sign of any price strength again. Apparently another false break is in store for us for today or tomorrow - of a 4-hour rising wedge upper border. Approximately $13K would be the price set-up condition for an Intraday sell trigger @12500. However, the possibility of a turnaround from...

Kerstin_Ohlsson

Today I suggest, Dear BTC traders, that we should review the credibility of a "flag" execution in a mid-term run. "Price action" keeps steady on a 4-hour time frame, the fall from $13.7K to $10.4K is now followed by a messy consolidation. However, if you have a look at the graph the exit is more or less readable at approximately $9.3K with a second leg goal placed...