Wed 26 Jul - Daily Levels Summary
Covering:
- BTC
- Looking at the alt market
- FOMC lookahead
- Plan for today
Checkout At : https://t.me/+d8aQGaTVa1AyMjk1
Covering:
- BTC
- Looking at the alt market
- FOMC lookahead
- Plan for today
Checkout At : https://t.me/+d8aQGaTVa1AyMjk1
BlockMap | Announcement pinned «Wed 26 Jul - Daily Levels Summary Covering: - BTC - Looking at the alt market - FOMC lookahead - Plan for today Checkout At : https://t.me/+d8aQGaTVa1AyMjk1»
Bear case:
Distribution was confirmed, dumb money most definitely kept longing 30k and are without a doubt puking now. Also, any traders who caught the pump from 25k but did not TP are likely scrambling to TP. That is alot of sell pressure that can spiral.
I believe this downtrend will be the FINAL capitulation for dumb money before the inevitable run to 40-50k this year. Looks like big players want to fill their bags up again anywhere from 24200-26300. This would mean we have a summer that is HTF range bound. It will look like BTC is dead, but really it will be your last chance to increase spot holding. I will be increasing my spot holdings as much as possible at the range low. Do what smart money is doing.
Can we make it to 24200-25300 again though? Yes this is range low and there is lots of liquidity there, but will the market offer another retest of the 9 month Wyckoff accumulation? I am not so confident, as I believe there is huge demand. Therefore 26300 may be a more suitable target, which is the lower end of a daily OB and would fill in the inefficient move up.
Bull case:
We reclaim the range and confirm a spring/ bear trap. However bulls are running out of time, and some would argue have ran out of time to complete this move. Therefore I do think this is least probable.
Both cases are bullish when you look at BTC long term, and the bearish case offers maximum opportunity, and that is how smart money thinks when accumulating.
Distribution was confirmed, dumb money most definitely kept longing 30k and are without a doubt puking now. Also, any traders who caught the pump from 25k but did not TP are likely scrambling to TP. That is alot of sell pressure that can spiral.
I believe this downtrend will be the FINAL capitulation for dumb money before the inevitable run to 40-50k this year. Looks like big players want to fill their bags up again anywhere from 24200-26300. This would mean we have a summer that is HTF range bound. It will look like BTC is dead, but really it will be your last chance to increase spot holding. I will be increasing my spot holdings as much as possible at the range low. Do what smart money is doing.
Can we make it to 24200-25300 again though? Yes this is range low and there is lots of liquidity there, but will the market offer another retest of the 9 month Wyckoff accumulation? I am not so confident, as I believe there is huge demand. Therefore 26300 may be a more suitable target, which is the lower end of a daily OB and would fill in the inefficient move up.
Bull case:
We reclaim the range and confirm a spring/ bear trap. However bulls are running out of time, and some would argue have ran out of time to complete this move. Therefore I do think this is least probable.
Both cases are bullish when you look at BTC long term, and the bearish case offers maximum opportunity, and that is how smart money thinks when accumulating.
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BlockMap | Announcement
Bear case: Distribution was confirmed, dumb money most definitely kept longing 30k and are without a doubt puking now. Also, any traders who caught the pump from 25k but did not TP are likely scrambling to TP. That is alot of sell pressure that can spiral.…
market been so weird for me that iam not trading, but iam seeing that the bear case as you said is the most possible.
my system has been bullish for a while now but the bear force has been rly strong, so iam not trading since everything is messed up on my view and system.
today iam looking into confirming what i think is the last downtrend as you said, BTC 4H tried to break a resistence while positive in some of my indicators, but by looking at the volume either by RSI or VRVP the bears are going all in.
my expectations are that we will stay in this trend until the next bear signals start to appear almost hitting 28400 which was a resistence peak on daily chart, but until this last bear downtrend i wont be trading
my system has been bullish for a while now but the bear force has been rly strong, so iam not trading since everything is messed up on my view and system.
today iam looking into confirming what i think is the last downtrend as you said, BTC 4H tried to break a resistence while positive in some of my indicators, but by looking at the volume either by RSI or VRVP the bears are going all in.
my expectations are that we will stay in this trend until the next bear signals start to appear almost hitting 28400 which was a resistence peak on daily chart, but until this last bear downtrend i wont be trading
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With FOMC and powell speach BTC can squeeze up to grab liq before another leg down .
i dont expect that much since bear volume is really big on 29800, i think it may not even get there . Lets See
i dont expect that much since bear volume is really big on 29800, i think it may not even get there . Lets See
Q N AASK ANY QUESTION ABOUT TRADING , BUSINESS , MONEY REALTED
IN COMMENT
#GALA 4HR TF Chart Update
👉Keep an eye on above mentioned Support point for the possible bounce back✌️
👉Keep an eye on above mentioned Support point for the possible bounce back✌️
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Looking across the market, many coins are set to rally but most are in higher timeframe downtrends so if there's upside movement off the FOMC, its likely many will make lower highs or fail retests above
Quick reminder to all to NOT trade FOMC
Moves typically come a few hours after or even a day later
Let plebs position themselves wrongly and find where they are positioned
That is you best shot today, paitience and perspicacity
Moves typically come a few hours after or even a day later
Let plebs position themselves wrongly and find where they are positioned
That is you best shot today, paitience and perspicacity
I researched a few pre-FOMC PA (have to research more to be more accurate) and usually when we start to move up before the event most time we go up at the first few minutes in the event and then just rips down sometimes deeper sometimes shallower
This is my new weekend hobby to research theese events so later I can use them (with this I can’t “anticipate” the path of the price during the event but the direction after the event)
For the event whipsaw for sure as usual and agreed anyone here don’t trade this event the most -EV to trade this, just watch and wait for the price to develop
This is my new weekend hobby to research theese events so later I can use them (with this I can’t “anticipate” the path of the price during the event but the direction after the event)
For the event whipsaw for sure as usual and agreed anyone here don’t trade this event the most -EV to trade this, just watch and wait for the price to develop
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📊 Bitcoin Chart Analysis 📊
Time Frame - 4 Hour (LTF)
Bitcoin Price Action is happening as anticipated. Big players trying to grab buy side liquidity a little above previous Range low which took 5 attempts to break. Our first Short ask has been filled.
Second entry at 30.2k in case of extreme liquidity
Targets - 29.1k/ 28.7k/ 28.2k/ 27.5k
Stoploss - 30.6k
MAX : 5 - 8X LEV
Time Frame - 4 Hour (LTF)
Bitcoin Price Action is happening as anticipated. Big players trying to grab buy side liquidity a little above previous Range low which took 5 attempts to break. Our first Short ask has been filled.
Second entry at 30.2k in case of extreme liquidity
Targets - 29.1k/ 28.7k/ 28.2k/ 27.5k
Stoploss - 30.6k
MAX : 5 - 8X LEV
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Message to all BlockMappers
Fomc happens like once a month
This had been the most unvolatile fomc so far as its summer this year
Focus instead of learning to trade, not trading
You dont want to get liq over a 5% move or less
Fomc happens like once a month
This had been the most unvolatile fomc so far as its summer this year
Focus instead of learning to trade, not trading
You dont want to get liq over a 5% move or less
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BlockMap | Announcement
Daily levels on the way Today's is 🔥 basically red zone is bull/ bear line for me
Will make sense when you see the video