$HIVE & $BTC Technical Analysis - 16.02.2025

Knowing your charts, knowing what to expect from the market is key in this business, this is why I like to do my analysis on Sunday, so let's see what these two assets, both important to us, have been doing during the week and what we can expect next week.

On a monthly chart, not much has changed. Price is still around the level it was last week and what I wrote in my last analysis post is still valid. For bullish continuation price needs to close above $0.4335, or in case of another dip, $0.25 could be next. The monthly candle is not closed, there are still two weeks to go, so everything can happen.

The weekly chart shows indecision. Last week we got a doji. I mean the candle had a bullish body, but it was still so small that I consider it a doji. This week the candle is bearish, but it has still a small body, so for me this is a doji and needless to say, it means indecision.

The daily chart is a bit flat. If I were to use a single word to describe this week's price action, I'd say consolidation. Price went sideways, which is not necessarily a bad thing in my opinion. Consolidation before a big move is good. For bullish continuation I'd like to see price close above the OB at $0.3493.

We also have an inside bar pattern on the daily, where the inside bar low coincides with mid-range and the inside bar high also overlaps the daily OB. Price is above mid-range, but the latest two candles have a long upside wick, which means price fails to hold above the OB. Should price lose this level, the next liquidity pool on the downside is at the equal lows at $0.3041 or below the swing low at $0.2831.

On a more granular scale, the h4 chart shows price has been ranging and at the time of writing, price is retesting the bullish gap, marked with green on my chart. Should the gap fail to hold price, I'm looking at S0.3159, $0.3063 to be swept and ultimately $0.3041 as the se equal highs tend to attract price.

In case the gap can defend price, the next liquidity pool to the upside is at $0.3663 and then the mother bar high at $0.3735.

$BTC had a disappointing price action this week. Went sideways this week and we call this choppy. At the time of writing price is below mid-range and slightly above the inside bar low.

source

Next week we only have three red folder news days, but on Tuesday President Trump is speaking, which can also mean volatility.

Honestly, the market was terrible this week, choppy, undecided and difficult to trade. However, I can't complain though as I had some good trades, but this is definitely not what we're expecting in a bullmarket. Sooner or later price has to make a move, a significant one and preferabl to the upside. Till then, trade carefully and accumulate, for when the time comes.

Remember, technical analysis is not about forecasting the price, but about reacting to what price does.

As always, this is a game of probabilities, not certainties. Also please note, this is not financial advice, it's my view and understanding of the market.

All charts posted here are screenshots from Tradinview.

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