Kerstin_Ohlsson

Kerstin_Ohlsson

The key question for today - whether there will be another attempt to take $10.2K or that is all what the bulls were going to say and with such weakness in place we are sliding into the channel. Anyway the days in store will be critical in terms of market value determination for the coming months. Your short positions with not so distant stop orders are supposed...

Kerstin_Ohlsson

The bulls breakout of a tough $9.6K has swiftly turned out to weakness which the market has missed immensely by now! Today's decision of FOMC is likely to be reflected on this market as well. In this respect the market set-up is clear: we expect a strong US dollar as the result of that vital data release tonight. After a week of literally going nowhere the price...

Kerstin_Ohlsson

For an entire decade from the 17th until the 27th of July the bears had failed to properly break through $9.6K and now we show the opposite: the bulls do not seem to have an idea to get to $10K. The price might "beat about the bush" for another day but with time the bearish momentum is getting stronger. H&S requires execution whereas the market is unable to go...

Kerstin_Ohlsson

We have been experiencing the same ups and downs for several days by now but today is likely to be the day when a bearish attack might occur, especially after a good bounce from the neck line. So probably cautious entries on the levels lower than $9.5K where the exhaustion of bulls reserves can be palpably seen this morning. Anyway stay tuned with your radars...

Kerstin_Ohlsson

OK, that is fine! We wouldn't say "no" to just a false pump break. Currently there is no weakness in the price stepping down from the pivot $10.2K and therefore we assume that there will be a further decline with re-entering the descending channel. All in all the market is tensed with several officials talking in favour crypto regulation easing. On the other hand,...

Kerstin_Ohlsson

It was not a bad day and as far as we can see this morning, the 24th of July might be a decisive day for the whole coming story. A full scale break of a channel has been executed and with extension from the pivot $10.2K up until $10.8K area we are likely to enjoy a massive market weakness followed then by some sort of panics. For a fishy day Thursday I've got...

Kerstin_Ohlsson

Too much attention has been paid to the psychologically important level of $10K. With its next step the market normally ignores such a vital level and that is what happened overnight here. I have also scooped out a little present for you this morning - a newly formed large descending channel and already with a false break in the 3rd strongest point! Have a look at...

Kerstin_Ohlsson

I very much hope that you followed the 2nd scenario from yesterday. No greed on far going goals at this point, please - $9.3K only. We will then re-group on more price achievement. Notwithstanding there might be a retrace back above $10.2K and on top of that an appetite towards $11.8K level is likely to appear again. Let us keep cool and chase where we can add on...

Kerstin_Ohlsson

The price has managed to paint a fresh correction channel which opens an upper border exit out of it up to $11.8K again, however, with no direction change - the incentive would be still bearish with a deep downside potential. Another version of today's development would be let's say the break of a neck line followed by a bounce from it with the nearest target of...

Kerstin_Ohlsson

Happy Friday to all! What a pump! An exclusive one followed by a partial picture revision. We now consider the pump above $10K as a false breakout of the correction channel upper border with a re-entry as the very next step and a deep downside potential on the way. On my graph I have pinpointed 6 points of $10.8K playing as a critical support and resistance level...

Kerstin_Ohlsson

It seems that last year's story of $10K is playing out, with an accurate break in place. The sideways price move is in the doorway of exhaustion. Another Tuesday price performance of 1400 dollars plunge will give us precisely 7600 as our target. Any new high above $10K is supposed to be regarded as a highly risky upside move with more inevitable bull traps. Only a...

Kerstin_Ohlsson

Price action is on the way of a nice broadening wedge, keep on thinking and doing the same way as "the whales" in a well planned attack. Wednesday normally gives plenty of opportunities, we might resume developing the success shortly, however the profits above your head need thinking about as well. As always, let us be simply ready for any price move in either...

Kerstin_Ohlsson

Last Friday we experienced the last price bounce from 10800 after another attack of ours and today the situation is vice versa: the bulls have failed to break that absolutely critical level from the lower floor already. This has resulted for them in a serious double trap with not too much time ahead before an ultimate capitulation, we believe. The field until 8800...

Kerstin_Ohlsson

I trust you have had a wonderful week-end with your plentiful profit crop on top of that! Some of our profits have been taken, the other attacking positions keep working. The large operators are perhaps looking now at $5K, maybe with a couple of retraces, but the smell of the 6th point on 1-4-6 target line of Wolfe's bear pattern is back in the air. Either of the...

Kerstin_Ohlsson

All is rosy in our garden on Friday, we appreciate a strong support at $10.8K but as it used to be the case in either market - sooner or later a strong support happily transforms into a strong resistance. We can not safely say whether it will happen with $10.8K today, over the week-end or next week, however, what we can firmly say is that the bulls will give up...

Kerstin_Ohlsson

Wednesday morning shows a nice price sliding with a clean $12.5K trigger fill followed already by a disciplined price action. Validation of a $12.1K level break is likely to lead to the break of $10.8K in the nearest future. A new intraday set-up is supposed to be on the trading agenda, so your selling of any growth weakness on either 1-hour graph would certainly...

Kerstin_Ohlsson

The zone from $12.9K to $13.2K is a risky one for doing anything with your capital. Despite a strong "crowd sucking funnel" there is an extreme bearish sentiment and a wish to make it work out right now. The large operators warmed up people to the maximum and even the most recent pessimist already began to believe in BTC growth right from the start of the second...

Kerstin_Ohlsson

Yesterday's pump has managed to develop into a full scale bull trap by this morning which can be locked even with a slight price descend - to 12200. Our bearish set-up @11400 failed to trigger yesterday but with the market growth our P&L now shows new profit numbers, with a brand new set-up to sell price weakness already @$12K on average. So irrespective of either...