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฿ Bitcoin BTC/USD Daily Video, January 10, 2019

Discussion in 'Sive Morten- Currencies and Gold Video Analysis' started by Sive Morten, Jan 10, 2019.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,

    With recent drop market puts big flaw in bullish context and it could lead to failure of daily H&S pattern. It means no long positions by far:



    The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
     
    #1 Sive Morten, Jan 10, 2019
    Last edited: Jan 11, 2019
  2. cercamon

    cercamon Private, 1st Class

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    Hi Sive, just a heads up. Here it's displaying the Gold video. Probably there was an error when uploading the BTC daily video.
     
  3. cercamon

    cercamon Private, 1st Class

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    Today's BTC drop move is very welcomed from a technical perspective because it adds some clarity to the picture. I have activated a couple of Daily scenarios to be monitored.
    First one (orange arrows) would give us some bullish market structure drawing a bottom at around 3400 (Binance).
    The second one (teal arrows) assumes a deeper correction back to 2800 area, and start drawing market structure from that point.
    At this point, I am not focusing into sub-2000 levels, since that belongs to Weekly based scenarios and would be a consequence of the failure of 2800 area.

    [​IMG]
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Well, it seems that we could get 3-Drive Buy on daily in this case...
     
  5. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Thanks buddy. I fixed it, probably some mess with videos on upload...
     

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