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!
BTC Update & Hyblock Heatmaps
Since everyone is turning into a bull now, quick reminder that this is a counter-trend rally until proven otherwise.
Happy to turn bullish as well if we see continued strength. But as of now, Bitcoin followed my idea and took out the liquidity exactly as expected, nothing more, nothing less.
An earlier cycle bottom would indeed make sense, but we need to see confirmation first - a weekly close above 66k would be a first minor sign.
And tbh, I doubt we get a strong rally now in the exact moment, everybody and his dog are turning bullish again. Let's see!
Have a great day and see you soon!
Since everyone is turning into a bull now, quick reminder that this is a counter-trend rally until proven otherwise.
Happy to turn bullish as well if we see continued strength. But as of now, Bitcoin followed my idea and took out the liquidity exactly as expected, nothing more, nothing less.
An earlier cycle bottom would indeed make sense, but we need to see confirmation first - a weekly close above 66k would be a first minor sign.
And tbh, I doubt we get a strong rally now in the exact moment, everybody and his dog are turning bullish again. Let's see!
Have a great day and see you soon!
BTC Update & Hyblock Heatmaps
Bitcoin moving according to plan, retracing a bit to trap late longs before hitting the 67k high.
Bitcoin moving according to plan, retracing a bit to trap late longs before hitting the 67k high.
BTC Update & Hyblock Heatmaps
Interesting area for Bitcoin here.
To the upside: We have a big unfilled gap until 72k-ish, and the daily 200 MAs at the exact same level. 72k would be a clear short.
To the downside: The rally of the past 3 weeks left a lot of liquidity to the downside that could be taken out any moment (check heatmaps).
I do think, that at least the 67.2k high will get hit in the near future. And I do think the downside liquidity will get hit as well, it's about time.
The question is only which side first. We could see 63-67(-50s) or 67-63(-72).
Set your alerts around these levels and have a great start into the weekend!
Interesting area for Bitcoin here.
To the upside: We have a big unfilled gap until 72k-ish, and the daily 200 MAs at the exact same level. 72k would be a clear short.
To the downside: The rally of the past 3 weeks left a lot of liquidity to the downside that could be taken out any moment (check heatmaps).
I do think, that at least the 67.2k high will get hit in the near future. And I do think the downside liquidity will get hit as well, it's about time.
The question is only which side first. We could see 63-67(-50s) or 67-63(-72).
Set your alerts around these levels and have a great start into the weekend!
BTC Update & Hyblock Heatmaps
Bitcoin swept the previous low by around 100 bucks.
Let's see if that is sufficient, as you can see in 7d heatmap, it's a bit like the two equal highs situation we just had to the upside.
Overall plan still the same. Have a great weekend and see you soon!
Bitcoin swept the previous low by around 100 bucks.
Let's see if that is sufficient, as you can see in 7d heatmap, it's a bit like the two equal highs situation we just had to the upside.
Overall plan still the same. Have a great weekend and see you soon!