Sive-Morten

Sive-Morten

Morning folks, So market stands in the narrow range for the 3rd week already and not leaving hopes to show the bounce up to 101-102K area. Last attempt (in the way of cup pattern that we've discussed last time) has failed. We don't care about it because mostly stay focused on weekly bearish DRPO pattern. Thus, any bounce here we consider first as a chance to...

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Morning folks, A recent few sessions have rather narrow range, so we have little changes since our last discussion. We have confirmed DRPO "Sell" pattern on weekly chart, so we keep bearish general view on BTC, with potential downside target around 80-81K. This also makes us to not consider any long positions. If even upside bounce will happen - we try to use...

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Morning folks, Last time we were speaking about possible upside bounce to ~102.5K area. But BTC has failed three attempts to move out from support level where it stands. Despite that upside momentum was not bad. With the recent high CPI on the table and weekly DRPO "Sell" pattern on the back, we suggest that downside action could start at any time. First...

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Morning folks, So, our weekly bearish DRPO "Sell" pattern has been confirmed. It means that until market either complete its 81K target or remains under 102.5K its invalidation point - this pattern presents the risk for the bulls. With all this stuff on the table we make two decisions. First is - we cut potential upside target down to 102.4K area by two...

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Morning folks, So, BTC has shown the pullback that we've discussed, but it was even stronger. Thus, we had have to postpone our plans for short entry. Besides, now situation stands so that our weekly pattern (DRPO "Sell") might not be confirmed this week. To keep it simple - no new shorts by far. For now we focus only on intraday setups. For example, on 4H...

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Morning folks, So, this week / our DRPO "Sell" pattern is one step closer to confirmation and has a good chances to start working this week. Meantime, due to weekend collapse BTC now is overextended. The problem is not about BTC itself but in jump of the USD, triggered by Donny's tariffs. We suggest to get technical rally, back to ~98.2K resistance area and...

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Morning folks, So, the pullback that we've discussed last time is done and even slightly more extended, in a way of AB=CD . By our previous plan, somewhere around we should start thinking about the short entry. So, is it time? We think it is not quite yet. And the reason stands with the pattern that now is forming on weekly chart - bullish grabber. This...

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Morning folks, So, here we go... downside action starts as we've discussed last time. On weekly chart we still wait for confirmation in a way of price close below 3x3 DMA. While on a daily one price hits oversold level. Those who know about this - we have DiNapoli bullish "Stretch" pattern for now, suggesting the pullback. That's why we do not consider...

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Morning folks, So, our bearish ideas seem to be correct last time... Now we think that weekly TF is most perspective for BTC, because here we could get DiNapoli DRPO "Sell". First signs are already here, but for final confirmation we need close below MA line. Meantime, on intraday charts, BTC is forming the Diamond consolidation , and on the same weekly one...

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Morning folks, So, by introducing $Trump Token, old Donny has put the start of global US Dollar devaluation. And Melania probably will add today... All our short-term targets are done - weekly grabbers and H&S failure has worked fine, BTC has challenged the top of 108K. We consider this action as hype and emotional. Mostly due euphoria around D. Trump...

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Welcome back folks, Only on Thu we talked about bearish scenario and 85K target and now we have to turn everything from top to bottom. Not occasionally on Thu we warned about weekly bullish grabber pattern and called to not take any fresh shorts, but keep existed ones. What's now? Now our H&S stands in a process of failure, which means price has good chances...

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Morning folks, So, both our entries worked fine - as on the top of the right arm as on recent pullback to 96k area. Now there are two moments that you have to know. First is, the risk factor. It comes from weekly bullish grabber pattern , suggesting upside jump above 108K top. But the problem with it is unclear reasons for this jump. Because fundamental...

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Morning folks, So, our H&S has started perfect. Right from the area that we've discussed last time - Agreement of Fib resistance and our XOP target on 4H chart, where the top of right arm should be formed. Obviously now we consider no longs by far. H&S target stands around 85.5K - in the middle of wide K-support area of 82-89K. If you missed entry around...

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Morning folks, So, we're almost there - 100.5K area that we've discussed last time. BTC is almost completed the predefined XOP extension. Why this level is so important. Because it determines the results of H&S daily pattern - whether it will work or fail: Correspondingly, it tells where BTC will go - either back to the 108K top (or even higher) or starts...

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Morning 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...

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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...

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Morning 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...

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Morning 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...