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!
BTC Update & Hyblock Heatmaps
Textbook. Rejected again at the key resistance at 65k, and then an immediate push in the opposite direction.
Both sides swept, looks like a classic Monday false move so far.
The delicate part is this: the trendline is broken, but we still have no lower low.
Lose 62.2k and Bitcoin is heading back to the low 60s fast, or potentially even lower.
On the higher timeframe, everything happening is just liquidity plays within the range. The real moves start beyond 65.7k to the upside and below 59k to the downside. The 1M heatmap shows this beautifully, go check it out.
Have a great day and see you soon!
Textbook. Rejected again at the key resistance at 65k, and then an immediate push in the opposite direction.
Both sides swept, looks like a classic Monday false move so far.
The delicate part is this: the trendline is broken, but we still have no lower low.
Lose 62.2k and Bitcoin is heading back to the low 60s fast, or potentially even lower.
On the higher timeframe, everything happening is just liquidity plays within the range. The real moves start beyond 65.7k to the upside and below 59k to the downside. The 1M heatmap shows this beautifully, go check it out.
Have a great day and see you soon!
BTC Update & Hyblock Heatmaps
Bulls defended the low, we only have some wicks below 62.2k to hit the liquidity.
If we only have that sweep, we could see a bounce here. But so far, we're waiting to see continued strength.
And the heatmaps show still big clusters below the price + bearish overall thesis...
A close below 62.2k would be no bueno and open the door to the range low.
Have a great day and see you soon!
Bulls defended the low, we only have some wicks below 62.2k to hit the liquidity.
If we only have that sweep, we could see a bounce here. But so far, we're waiting to see continued strength.
And the heatmaps show still big clusters below the price + bearish overall thesis...
A close below 62.2k would be no bueno and open the door to the range low.
Have a great day and see you soon!