BTC Update & Hyblock Heatmaps
Bitcoin eating into that upper liquidity pool, still believe it will sweep the range high soon, maybe on some news with a wick.
Could potentially sweep the other high at 67.2k as well. Then I will look for a short entry.
Invalidation for short setup: Serious strength above 66k. Then it's possible that BTC fills the weekly fvg until 72k (see line in the chart).
If we don't see that strength - especially if we only see a quick wick above the previous low(s) - this is a clear short, can't get much easier.
Bitcoin eating into that upper liquidity pool, still believe it will sweep the range high soon, maybe on some news with a wick.
Could potentially sweep the other high at 67.2k as well. Then I will look for a short entry.
Invalidation for short setup: Serious strength above 66k. Then it's possible that BTC fills the weekly fvg until 72k (see line in the chart).
If we don't see that strength - especially if we only see a quick wick above the previous low(s) - this is a clear short, can't get much easier.
BTC Update & Hyblock Heatmaps
Bitcoin hit most of the liquidity, cause it took out the 64k highs from the last week.
Now, we have two equal highs that need to be swept, maybe even a bit higher as said yesterday.
Set alerts right below the following levels to look for a short entry on the lower time frames when we are there:
65.6k, 66.2k, 72.3k (if Bitcoin should close the weekly fvg).
If it goes down from here does mean only one thing: we will see a low somewhere mid range and revisit the range high in a couple of days again aka more chop.
Bitcoin hit most of the liquidity, cause it took out the 64k highs from the last week.
Now, we have two equal highs that need to be swept, maybe even a bit higher as said yesterday.
Set alerts right below the following levels to look for a short entry on the lower time frames when we are there:
65.6k, 66.2k, 72.3k (if Bitcoin should close the weekly fvg).
If it goes down from here does mean only one thing: we will see a low somewhere mid range and revisit the range high in a couple of days again aka more chop.
BTC Update & Hyblock Heatmaps
The two equal highs are still waiting to get swept, just a matter of time.
That's when we will look out for a short entry. Not interested here, in the middle of the range, will touch some grass next days.
Have a great start into the weekend and see you soon!
The two equal highs are still waiting to get swept, just a matter of time.
That's when we will look out for a short entry. Not interested here, in the middle of the range, will touch some grass next days.
Have a great start into the weekend and see you soon!
BTC Update & Hyblock Heatmaps
Expecting the sweep of the highs to happen beginning or mid week.
Wouldn't be surprised to see a quick flush down before, but doesn't have to happen.
Only waiting for the short trigger personally anyway.
Enjoy your Sunday and see you soon!
Expecting the sweep of the highs to happen beginning or mid week.
Wouldn't be surprised to see a quick flush down before, but doesn't have to happen.
Only waiting for the short trigger personally anyway.
Enjoy your Sunday and see you soon!
BTC Update & Hyblock Heatmaps
Bitcoin swept the highs as expected. Now, we have two options, and need to trade according to the price action we'll see from here:
1. Reject: fail to close and hold above 66K, and the drawn short is live.
2. Reclaim: close and hold above 66k -> close the weekly FVG until 72k, look for shorts there.
Bias stays bearish until we see real strength above the key resistances. Until then, every push into 66k is a supply test, not a breakout.
Have a great day and see you soon!
Bitcoin swept the highs as expected. Now, we have two options, and need to trade according to the price action we'll see from here:
1. Reject: fail to close and hold above 66K, and the drawn short is live.
2. Reclaim: close and hold above 66k -> close the weekly FVG until 72k, look for shorts there.
Bias stays bearish until we see real strength above the key resistances. Until then, every push into 66k is a supply test, not a breakout.
Have a great day and see you soon!