Sive-Morten

Sive-Morten

Morning folks, So, market mostly stands at the same place where we leave it last time :) But now our monthly bullish pattern is officially confirmed, so mid term direction is up with 110K target at least and potential progress up to 127K. Now we see a lot of minor bullish signs pointing on upside breakout attempt. Last time we talked about 3-Drive, but today...

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Morning folks, So picture almost has not changed since our last talk. Now we get great setup on monthly chart with upside potential starting from 110K and up to 127K. And our task now is to join this coming action. It would be great to get a pullback, but the shape of intraday market has changed slightly and it seems that BTC is forming 3-Drive "Sell" with...

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Morning folks, So, our 2-week journey successfully over, market hits 93K targets and even overcome them a bit, completing H&S AB=CD extension. Now what? In general we expect very good 1-3 months for BTC based on our recent fundamental report. Speaking about short-term situation. Market is obviously overbought a bit. So we prefer to wait for pullback somewhere...

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Happy Easter, So, our bullish trade is started well. But for now we wouldn't consider too extended targets. Based on AB=CD that we have on 4H chart , next extension is around 93K. But here is a tricky moment exists and it relates to the H&S shape and strong 87-89K daily resistance. The point is that the right arm is yet to be formed, and it could be started...

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Morning folks, So, picture barely has changes since our last discussion. Right now we do not see any ready-to-trade setups. But suggest some bullish support to the market. After major XOP target has been reached - BTC has not dropped but remains in tight consolidation. This is more a bullish sign. In general, we could suggest here a kind of reverse H&S shape....

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Morning folks, So, our 80-85K trade was nice. Now we think that it is not time for big trades, mostly because many markets, and especially US bonds and dollar are overextended. That's why for a few sessions we're focused on near standing targets. BTC daily chart shows strong resistance around 87-89K area, which is also might be the neckline of potential...

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Morning folks, So, the upside bounce to 80K resistance that we were watching is done now. It has happened even twice. D. Trump so efficiently tarrifying markets, and them provides them the relief that BTC mostly is just a hostage of this so called "news stream". Actually as well as all other markets. Once 90 day tariffs postpone has been provided, stocks...

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Morning folks, So, our long-term bearish journey that we were following for 4-5 weeks comes to an end. BTC more or less hit our 74K target and strong weekly support area . The next one stands around 69K, but market strongly needs a new driving factor to break ~70K support area, and hardly this will happen this week. Taking in consideration that market is...

Sive-Morten Updated 

Morning folks, So, not occasionally we said in previous 2-3 updates that BTC action doesn't look bullish and we suggest a new nosedive. Now we have bearish engulfing pattern on weekly chart . And consider these two Fib levels for another short entry attempt. Of course, 86K would be just perfect, but it could start earlier. One of the possible shapes we consider...

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Morning folks, So, today we need just 1H chart as not many events happened. In a recent two weeks people start making upside revisions on BTC price, based on recent JPow comments on QT contraction. We agree that it has some reasons and supportive to BTC, but they forget that GDP forecast was cut, while inflation increased, which points on stagflation...

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Morning folks, Here is just minor update to our last idea. BTC mostly was flat in recent two sessions, so action is started only today. So, the plan that we've prepared remains valid. Since an area around 90K is a strong resistance, we think that short entry attempt there is relatively safe, and at least should give us the chance to turn it to breakeven trade....

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Morning folks, So, our worryings were not in vain - we've got action to 88-89K area. Now our 4H "222" Sell is completed. At the same time, now we have the bigger one on a daily chart. Since 90-91K is a rather strong resistance area, we suggest that attempt to sell there should be relatively safe, once the upside AB=CD target around 90.5K will be...

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Morning folks, So, we set for 85K sell and it worked. Downside reaction happened, but still, we call you to move stops to breakeven for some case. The problem that we see is the market behavior. We see it not natural for normal bearish market. BTC stands stubbornly around K-resistance, not showing normal downside extension. Our scenario of downside...

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Morning folks, So, Monday's plan has worked perfect, we're at 85K. Today we have to keep an eye on daily chart, where bearish grabber pattern might be formed and trigger downside action. In general upside action is rather slow, so bearish context stands intact. We see only one risk for it - non-market driving factors, such as a D. Trump flood on X. But, this...

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Morning folks, So, everything goes with the plan - nothing to change on major picture. We keep our bearish view on BTC and now consider 68-74K area as the next destination point. But this could take a few weeks. In fact, previous 68K top also will be a big test. Downside break will open road to 52-55K. While if BTC will be able to stay in 70-80K range, it will...

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Morning folks, So, Old Donny euphoria was over on the next day, as we've suggested. ETH was even worse than BTC... And we're skeptic on coming Crypto Summit tomorrow. What could happen in three days? A lot of speech and empty promises definitely will sound, but where the real deals? Recently. S. Lummis said that BTC Reserve issue is still under question and no...

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Morning folks, So, the pullback that we were waiting for is done. Although we thought that it will be driven by some natural forces and reasons. The way how it has happened and by what factors make us to be caution on its perspectives. Indeed, it was just verbal intervention from D. Trump. It had bad week - scandal in White House with Zelensky, stocks are...

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Morning folks, So, our trading plan worked just great - DRPO on weekly in fact hit 81-82K, so it's minimal target is done. In fact, BTC, as a Gold now are victims of massive sell-off on stock market. Investors meet margin calls and urgently need cash to fill it back to initial level. That's why they sell everything that they could to get the money. While...