Current price: 81,833. The 1-hour candle that just closed swept several lows below 82,000, closing at 81,986; now it's dipped to 81,793 again.
The 4-hour and daily charts remain bearish as before; Sweep Monk is leaning bearish: the 5-minute chart is already oversold, so don't chase the selloff. Short a bounce to 81,960–82,030, with a stop at 82,150; downside targets are 81,800, 81,650, and 81,560. If the 15-minute candle closes above 82,150, this old monk will admit he's wrong.
Friend, don't rush to buy the dip before the sweep is complete. If the 1-hour candle closes below 81,600, the next levels down are 81,410 and 81,300.
Current price: 82,219. The just-closed 1-hour candle pushed up to 82,355 twice but failed to break through, then fell back into the range to chop.
The 4-hour and daily charts are still bearish; short-term longs don’t change the bigger picture. The sweeping monk leans bearish: short a rally back to 82,330–82,380, with a stop at 82,480. On the way down, watch 82,220, 82,130, and 82,070. If a 15-minute candle closes above 82,420, this old monk will admit he was wrong.
Trader, don’t chase longs in the supply zone. The U.S. market opens at 21:30, and options expiry is also due, so volatility may pick up.
Current price: 82,286. The latest 1-hour candle swept the lows, then surged to 82,328 and is now grinding against the 82,400 supply zone.
The 4-hour and daily charts are still bearish; a short-term bullish flip doesn’t change the bigger picture. The Sweeping Monk leans bearish: if price fails to break through 82,400–82,450, go short, with a stop at 82,560. Downside targets: 82,290, 82,200, and 82,070. If a 15-minute candle closes above 82,500, this monk admits he was wrong.
MSCI is considering kicking Strategy out of its index, adding to the medium-term bearish backdrop. Don’t chase longs in the supply zone, my friend.
Current price: 82,114. The latest 1-hour candle first swept below the double bottom at 81,978, then bounced to 82,276. Now it’s stuck chopping around 82,100.
The 4-hour and daily charts are still bearish, and the Sweeping Monk is leaning short: wait for a bounce to 82,220–82,280 that fails to push higher, then short, with a stop at 82,380. On the way down, watch 82,110, 82,020, and 81,930. If a 15-minute candle closes above 82,320, this old monk will put away his broom and admit he was wrong.
81,980 below is no floor. Don’t treat it as a call to buy the dip, my friend.
Current price: 82,046. The just-closed 1-hour candle spiked to 82,400 and got slapped back down. 82,200 and 82,100 have both been swept; now price is grinding just above 82k.
The 4-hour and daily charts are still bearish, and the Sweeping Monk is leaning short: look to short a rebound to 82,100–82,170, with a stop at 82,280. Downside targets: 82,020, 81,930, and 81,800.
On the 12-hour chart, the main play is still a pullback. Don’t chase a falling knife here.
Current price: 82,253. A quick sweep this hour pushed up to 82,400 before getting slapped back down, hitting the 82,300 short stop first.
The 1-hour has turned bullish, but the 4-hour and daily charts are still bearish. The sweeping monk leans bearish: if it can't break through 82,380–82,450, look to short, with a stop at 82,550. Downside targets: 82,200, 82,100, and 81,900. If the 15-minute candle closes above 82,520, this old monk will admit he's wrong.
US import prices are due at 20:30 tonight, followed by industrial production at 21:15. Don't go all-in and stubbornly hold, folks.
Current price: 81,949. The moment Warsh opened his mouth, the just-closed 1-hour candle plunged to 81,638, snapped back to 82,088, and is now grinding lower again.
The 4-hour and daily charts are still bearish; Sweeping Monk leans bearish: if it bounces to 82,170–82,220 and stalls, short, with a stop at 82,300. Downside targets: 81,970, 81,840, and 81,640. If a 15-minute candle closes above 82,300, this old monk admits he was wrong.
Spot BTC ETFs saw about $262 million in outflows on 10/15. Good sir, don't mistake this wick for a bottom.
Current price: 82,114. The latest 1-hour candle first swept down to 81,958, then snapped back. It’s now grinding against supply.
The 4-hour and daily charts remain bearish. This old monk is leaning short: if a bounce into 82,190–82,240 stalls, look to short, with a stop at 82,330. Below, watch 82,060, 81,960, and 81,890. Volatility may pick up around Warsh’s 11:30 speech, so this old monk is using only half size.
Price now 82,035. The 1-hour candle that just closed surged to 82,500, then got slammed back down—the upper wick says it all: “that’s as far as it goes.”
The 4h and daily charts are blank, but I’m leaning bearish: short a rebound to 82,100–82,170, with a stop at 82,260. On the way down, watch 81,970, 81,890, and 81,720. Keep positions light ahead of Warsh at 11:30; don’t try to catch a falling knife here.
The latest 1-hour candle spiked to 82,434, fell just short of breaking the previous high at 82,440, then got pushed back down. Current price: 82,257.
Two tests of the same level—that’s a double top. The 4-hour and daily charts are still bearish, so I’m leaning short: if a rebound to 82,370–82,430 fails to break above, I’d short, with a stop at 82,500. Downside targets: 82,220, 82,110, and 81,980. I’ll admit I’m wrong if a 15-minute candle closes above 82,460.
Addresses linked to Hut 8 transferred 1,589 BTC to exchanges over the past two days, and Warsh is also speaking at 11:30. Don’t chase longs here.
At 07:00, price retested 82,103 and held. It’s now bounced back to around 82,265.
Don’t get carried away—this candle is a rebound; the 4-hour and daily charts are still bearish. I’m leaning short: if it pushes up to 82,330–82,410 and stalls, I’ll go short. Stop-loss at 82,490, with 82,170, 82,060, and 81,920 as downside targets. If a 15-minute candle closes above 82,460, I’ll admit I’m wrong.
Don’t chase longs above 82,300; Warsh is also on at 11:30.
At 06:00, price touched 82,550 twice and was pushed back down. It has now fallen to around 82,300.
The 4-hour and daily charts are still bearish. A bullish short-term structure doesn't change the bigger trend. I'm leaning bearish: if it rebounds to 82,380–82,430 and gets rejected, I'll short again, with a stop at 82,580. Downside targets are 82,180 and 82,060. If you want to buy a pullback, wait for 82,140–82,200—don't chase at the current price.
Warsh is also speaking at 11:30, so for now, expect price to chop in the 82,050–82,560 range.
Price touched 82,550 again and got pushed back, now around 82,400.
The 1-hour chart is rising, but the 4-hour and daily charts are still bearish. The gap overhead at 82,639–82,930 keeps capping price. I’m leaning short: if it gets rejected again at 82,450–82,560, I’ll short, with a stop at 82,720 and targets at 82,171, 81,970, and 81,720. I’ll admit I’m wrong if the 15-minute chart gets above 82,650.
Warsh speaks at 11:30. If he sounds hawkish, this bounce is a gift.