BTC Update & Hyblock Heatmaps
Extremely happy how this trade went, main target fully hit.
Now, Bitcoin is wicking below the wedge which is no problem, but if it closes daily below this support, it should directly go to the next level 65.7k.
Close below that would be max bearish. But let's see. Majority of liquidity is swept here since everyone said it won't go to 69k anymore.
Now we're here and the liquidity is stacked up above. Let's see the PA here next days and then we'll plan the next trade.
Have a great day and see you soon!
Extremely happy how this trade went, main target fully hit.
Now, Bitcoin is wicking below the wedge which is no problem, but if it closes daily below this support, it should directly go to the next level 65.7k.
Close below that would be max bearish. But let's see. Majority of liquidity is swept here since everyone said it won't go to 69k anymore.
Now we're here and the liquidity is stacked up above. Let's see the PA here next days and then we'll plan the next trade.
Have a great day and see you soon!
🥰3
BTC Update & Hyblock Heatmaps
There we are, 65k already hit, short fully closed. Tempo of PA is high after Bitcoin lost the key level.
Now we're in a serious move and have a close below the wedge, but the weekly support level is holding close wise so far.
This is the level I watch right now, and we can't see a weekly close below that. A bit chop is ok, and maybe even a daily close if it repairs fast.
But a weekly close below 65.7k would mean 50s or even 40s in a wick.
Not looking for longs yet. Just observing what scenario we get. Full breakdown or a bottoming phase? We will find an entry after we lean to one of the scenarios.
There we are, 65k already hit, short fully closed. Tempo of PA is high after Bitcoin lost the key level.
Now we're in a serious move and have a close below the wedge, but the weekly support level is holding close wise so far.
This is the level I watch right now, and we can't see a weekly close below that. A bit chop is ok, and maybe even a daily close if it repairs fast.
But a weekly close below 65.7k would mean 50s or even 40s in a wick.
Not looking for longs yet. Just observing what scenario we get. Full breakdown or a bottoming phase? We will find an entry after we lean to one of the scenarios.
Gm and happy Friday! ☕️
BTC Update & Hyblock Heatmaps
Still a bit of time left to save the weekly close. If not, we should soon have another high RR short entry ⏳
BTC Update & Hyblock Heatmaps
Still a bit of time left to save the weekly close. If not, we should soon have another high RR short entry ⏳
Gm and happy Saturday! ☕️
BTC Update & Hyblock Heatmaps
Bitcoin swept the February low as expected.
Now we need a bounce asap to form a new range for the next months.
Close weekly here = a continuation lower into low 50s is getting more likely.
BTC Update & Hyblock Heatmaps
Bitcoin swept the February low as expected.
Now we need a bounce asap to form a new range for the next months.
Close weekly here = a continuation lower into low 50s is getting more likely.
💯2
BTC Update & Hyblock Heatmaps
Bitcoin looking no bueno.
Happy to be wrong here and see this hold as a bottom with a sharp recovery.
But looking at this weekly candle, it's hard to argue for the bulls right now. To me this reads clearly lower: mid to low 50s over the coming weeks, with a new range forming here.
The good part: this could be the last period of pain over the next months before we get an early new bull phase...
Bitcoin looking no bueno.
Happy to be wrong here and see this hold as a bottom with a sharp recovery.
But looking at this weekly candle, it's hard to argue for the bulls right now. To me this reads clearly lower: mid to low 50s over the coming weeks, with a new range forming here.
The good part: this could be the last period of pain over the next months before we get an early new bull phase...
👍2