BTC Update & Hyblock Heatmaps
Bitcoin longterm levels in the chart. I think we will see low 50s over the next weeks.
More than happy to be wrong, but imho BTC will retrace more before finding a bottom.
Bounces = short opportunities.
Bitcoin longterm levels in the chart. I think we will see low 50s over the next weeks.
More than happy to be wrong, but imho BTC will retrace more before finding a bottom.
Bounces = short opportunities.
Forming a bottom in BTC is a process that takes time.
First comes a series of capitulation events, then a period of consolidation, and only after that does the market begin a new rally.
According to several indicators, BTC is only starting to enter the zone where the bottoming process has historically begun. However, it is still too early to call an actual market bottom.
First comes a series of capitulation events, then a period of consolidation, and only after that does the market begin a new rally.
According to several indicators, BTC is only starting to enter the zone where the bottoming process has historically begun. However, it is still too early to call an actual market bottom.
Gm and happy Friday! ☕️
BTC Update & Hyblock Heatmaps
Bitcoin bouncing a bit as expected, waiting for the reaction at 65.7k 👀
BTC Update & Hyblock Heatmaps
Bitcoin bouncing a bit as expected, waiting for the reaction at 65.7k 👀
BTC Update & Hyblock Heatmaps
Bitcoin is exactly at the level I expected it to go. 65.7k is the line in the sand:
Reject here and I would read this as bearish confirmation and short entry.
Reclaim this level as support and I would read the wicks to 59k as a sweep of the low before we go into the 70s-range again.
Plan is ready, now we wait for execution. Have a great start into the week and see you soon!
Bitcoin is exactly at the level I expected it to go. 65.7k is the line in the sand:
Reject here and I would read this as bearish confirmation and short entry.
Reclaim this level as support and I would read the wicks to 59k as a sweep of the low before we go into the 70s-range again.
Plan is ready, now we wait for execution. Have a great start into the week and see you soon!
Bullish scenario ETH GOLD
Many charts are looking similar to Ethereum and Gold with a possible deviation below the current accumulation area.
Setting the market up for a rally - if we see a strong breakout above the key levels.
Many charts are looking similar to Ethereum and Gold with a possible deviation below the current accumulation area.
Setting the market up for a rally - if we see a strong breakout above the key levels.
BTC Update & Hyblock Heatmaps
The Bitcoin chart is actually pretty simple.
1. Breakdown from the continuation pattern
2. Sweep of the low
3. Bounce to the 65.7k key level
Now the question is only this:
Do we get a bearish retest followed by another move down to low 50s? Or is BTC ranging or forming a bottom here.
Alerts are set, another breakdown would be another clear short opportunity for me.
To go long, I need to see more strength first. The trend is your friend. And the trend is still down.
But as said yesterday, if we get a move up from here, many assets could present us a nice rally.
Have a great day and see you soon!
The Bitcoin chart is actually pretty simple.
1. Breakdown from the continuation pattern
2. Sweep of the low
3. Bounce to the 65.7k key level
Now the question is only this:
Do we get a bearish retest followed by another move down to low 50s? Or is BTC ranging or forming a bottom here.
Alerts are set, another breakdown would be another clear short opportunity for me.
To go long, I need to see more strength first. The trend is your friend. And the trend is still down.
But as said yesterday, if we get a move up from here, many assets could present us a nice rally.
Have a great day and see you soon!