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!
BTC Update & Hyblock Heatmaps
First attempt to break the key level failed.
We now have a very clear resistance exactly where support used to sit - no bueno.
Doesn’t have to mean anything yet though. Bitcoin can make multiple attempts before it either punches through or gives up.
Still watching the structure closely. Not short yet, and be extremely careful with longs.
First attempt to break the key level failed.
We now have a very clear resistance exactly where support used to sit - no bueno.
Doesn’t have to mean anything yet though. Bitcoin can make multiple attempts before it either punches through or gives up.
Still watching the structure closely. Not short yet, and be extremely careful with longs.
BTC Update & Hyblock Heatmaps
So far a clean bearish retest. Just have a look at the weekly closes on the chart.
Nothing to be bullish about unless we see real strength above 65.7k.
So far a clean bearish retest. Just have a look at the weekly closes on the chart.
Nothing to be bullish about unless we see real strength above 65.7k.
Gm and happy Saturday! ☕️
BTC and ETH Hyblock Heatmaps
Bitcoin chopping around between key levels, still looking bearish to me. Let's see the next weekly close.
Enjoy your weekend and touch some grass!
BTC and ETH Hyblock Heatmaps
Bitcoin chopping around between key levels, still looking bearish to me. Let's see the next weekly close.
Enjoy your weekend and touch some grass!