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Morning folks, So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target. On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry. It is just unclear in what manner the pullback happens. Big reverse...

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Morning folks, So BTC has failed to break the vital 64.5K resistance that we've talked about last time. It means that context remains bearish and chances on downside AB=CD have increased. Especially on the back of outstanding rally in USD and US yields. It makes us to consider no long positions by far, treat former 64.5 top as invalidation point and watch...

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Morning folks, NFP report almost had no impact on BTC action. But now we still have raising USD and US yields, which are definitely headwinds for BTC performance. Although we see some bullish signs as well, we prefer to wait for better confirmation before considering long positions again. And would like to see 64.5K level upside breakout. Otherwise, if 64.5K...

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Morning folks, So, we've planned just perfect last time, and BTC actually has dropped but much faster than we thought. It was not even able to form the right arm of H&S pattern and collapsed. But don't search the explanation on cryptomarket. The reasons are more pragmatic - short-term liquidity fall in the US. First is BofA collapse yesterday, then SOFR rate...

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Greetings everybody, Just on Thu we've decided to be cautious about any bearish positions as market was behaving not typical, BTC has made drastic changes on Friday. A lot of bullish signs now. It means that currently we have bullish context. Our nearest target is 68.75K. Meantime, market has hit local 4H H&S target and now shows the response. Here 63K looks...

Sive-Morten Updated 

Morning folks, So, the plan that we've prepared last week mostly stands the same. In fact, BTC has decided first to complete upside nearest AB=CD target, and starts retracement second. So, although we were waiting for pullback on previous week, it is starting only now. Here, on 1H chart you could see potential H&S pattern. We do not call you to trade it,...

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Morning folks, So, 57.40 K-support worked well, together with our H&S pattern in a whole. Fed decision should have moderately positive effect on BTC. Technically, bullish context also holds. Now 57.40 area is becoming our invalidation point. Next upside target stands around 65-65.5K top, based on our H&S pattern. For next long position, 60-60.5K support looks...

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Morning folks, So, upside target of last week around 60.5K is done, H&S worked very nice. Now, I suppose, it makes sense to wait a bit and see what will happen around 57-57.5K support area. Reason is simple. Technically BTC keeps door open for both scenarios. Supposedly the Fed statement should be dovish and supportive to BTC, but only if they either change...

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Morning folks, Probably I should make it as an update of previous idea... anyway... BTC shows upside bounce from the 1st 52K target. The pullback obviously is taking shape of reverse H&S pattern. Thus, the setup #1 for scalp bulls. You could think about this pattern, and its target around 60.3K For the bears it is nothing so far. You should watch for 2 moments...

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Morning folks, So, BTC was so weak that even was not able to form the H&S pattern. Not as bad job data just pushed it below the floor... There are a few bearish signs exist now on higher time frames as well... So, obviously we do not consider by far any long positions. Maybe everything is not as bad yet to consider 44K downside target on 4H chart but... here...

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Morning everybody, actually I'm not sure that we need the "new trading idea" here, because this is just update on existed one. Everything goes with the plan. Now BTC comes to the neckline, and intraday bulls could start watching for small 15-min reversal patterns to make a decision on long entry. Target is the same - 61-62K, the top of right arm of our H&S...

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Morning folks, BTC was not able to escape mass revision of public opinion, concerning next Fed move. Not occasionally last time we've expressed doubts that BTC could reach 67K target. Here we will not speak about all bearish signs that we see. To keep it short we have big bearish engulfing on weekly chart which makes us think that H&S pattern on 4H chart is very...

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Morning folks, So, we've got what we wanted - BTC dropped and not only to 61K but slightly lower, to 59.5K. The major question now is whether we indeed will go to 67K or deeper retracement comes? In fact, riddle is relatively simple. BTC now stands at strong intraday Fib support area. To keep bullish context, it has to go up right from here. In this case...

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Morning folks, So, the 1st target is done. In general we could start speaking about next target around 67K immediately, but, 64K is also daily 5/8 Fib resistance. So, naturally market shows the pullback in similar situations. That's why we look at 61K support area form possible next long entry with mentioned target...

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Morning folks, So, from indecision last time, situation is becoming a bit more clear. Now, based on market performance we suggest that short-term sentiment is bullish. Wyoming could bring surprises of course, but in general its results are dovish-skewed, which means supportive to BTC. BTC starts forming clear shape of round bottom. We consider 64.5K as nearest...

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Morning folks, So, pullback that we've discussed on Thu has happened. But now we have two equal patterns on daily chart but in opposite directions. Our elder bearish grabber and new one on the bullish side. If you conservative enough - it would be better to stay aside and wait for clarity. We suggest that bearish pattern looks a bit better, just because of...

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Morning folks, Last time we said - no longs until bearish daily grabber is valid. So, it is still valid. But if you do not want to wait when situation will be resolved, or by any other reason you would like to buy - here is the life hack. ;) On 1H chart we have clear "222" buy shape with 56.70K target and strong K-support area. So you could try this strong area...

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Morning folks, So, Thursday plan worked nice - market was around 63K. Now situation is a bit tricky. First is, geopolitical situation is coming to the boiling point. Any activation in Iran will make negative impact on BTC, besides [b ]we have bearish grabber on 10-year bonds , suggesting drop back to 3.65% level. So geopolitical worryings are not in vain....