BTC Update & Hyblock Heatmaps
Bitcoin with a very strong daily close!
A weekly close above the daily 200 MAs and the 75.6k key level would be very bullish for the next weeks.
BTC will def retest at least one of the lower supports in a quick wick. But seeing this continued strength, it's hard to imagine that we won't see an attempt to break 82.5k in the next days.
High timeframe closes are super important from here cause they often tell the difference: is it just a liquidity grab (usually quick wick to hit the orders) or is it a new trend in the beginning.
Bitcoin with a very strong daily close!
A weekly close above the daily 200 MAs and the 75.6k key level would be very bullish for the next weeks.
BTC will def retest at least one of the lower supports in a quick wick. But seeing this continued strength, it's hard to imagine that we won't see an attempt to break 82.5k in the next days.
High timeframe closes are super important from here cause they often tell the difference: is it just a liquidity grab (usually quick wick to hit the orders) or is it a new trend in the beginning.
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BTC Update & Hyblock Heatmaps
Bitcoin taking a small breather during weekend, would interpret this as pennant or bull flag in the making so far.
Usually, continuation is simple and next target is 82k area, but after a move like this, be careful and expect a nasty wick down to low 70s anytime. We should get a retest of the moving averages at some point.
All eyes on the weekly close today, need to close above the MAs and ideally above the 75.6k key level.
Enjoy your Sunday and see you soon!
Bitcoin taking a small breather during weekend, would interpret this as pennant or bull flag in the making so far.
Usually, continuation is simple and next target is 82k area, but after a move like this, be careful and expect a nasty wick down to low 70s anytime. We should get a retest of the moving averages at some point.
All eyes on the weekly close today, need to close above the MAs and ideally above the 75.6k key level.
Enjoy your Sunday and see you soon!
BTC Update & Hyblock Heatmaps
Extremely strong weekly close for Bitcoin. Ethereum already broke structure and flipped htf bullish.
We could retest MAs / low 70s at some point, but not necessarily now.
Targeting still 82k area as last swing high. Break above this and we enter pre-bull. Not there yet, but vibes are coming in extremely bullish.
Best for on-chain and altcoins would be BTC ranging for some weeks between low 70s and 82k and then break it, let's see!
Have a great start into the new week and see you soon!
Extremely strong weekly close for Bitcoin. Ethereum already broke structure and flipped htf bullish.
We could retest MAs / low 70s at some point, but not necessarily now.
Targeting still 82k area as last swing high. Break above this and we enter pre-bull. Not there yet, but vibes are coming in extremely bullish.
Best for on-chain and altcoins would be BTC ranging for some weeks between low 70s and 82k and then break it, let's see!
Have a great start into the new week and see you soon!
BTC Update & Hyblock Heatmaps
Bitcoin losing steam and printing first bearish divergences while approaching major supply zone.
Bullish scenario is in the chart, can imagine a tripple top, then much needed retracement.
Bearish scenario is that the whole move is a bull trap. Should be always in the back of your head unless Bitcoin reclaims 82k area and holds it strong.
Bitcoin losing steam and printing first bearish divergences while approaching major supply zone.
Bullish scenario is in the chart, can imagine a tripple top, then much needed retracement.
Bearish scenario is that the whole move is a bull trap. Should be always in the back of your head unless Bitcoin reclaims 82k area and holds it strong.
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BTC Update & Hyblock Heatmaps
I still think we'll see the 82k area before a meaningful correction. Often saw these 3 drives happen for Bitcoin local tops.
I don't think we see sub 70k prices in the near future. Keep the 1m heatmap in the back of your head for now. There are plenty of levels to retest for BTC after setting in a higher high.
Atm, I'm bullish and I think we will see this higher high, but that can change quickly and until we have it, we're still in a macro downtrend for BTC.
Time to trade carefully. Capital preservation mode. There will be tons of opportunities once we have bull market confirmation. No need to chase trades. Just make sure, you have capital left for the next shiny things.
I still think we'll see the 82k area before a meaningful correction. Often saw these 3 drives happen for Bitcoin local tops.
I don't think we see sub 70k prices in the near future. Keep the 1m heatmap in the back of your head for now. There are plenty of levels to retest for BTC after setting in a higher high.
Atm, I'm bullish and I think we will see this higher high, but that can change quickly and until we have it, we're still in a macro downtrend for BTC.
Time to trade carefully. Capital preservation mode. There will be tons of opportunities once we have bull market confirmation. No need to chase trades. Just make sure, you have capital left for the next shiny things.