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.
👍2❤1
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.
Gm and happy Friday! ☕️
$BTC Update & Hyblock Heatmaps
Feels like a profit taking day, just waiting for the final pump and then we should see a correction coming.
If Bitcoin would be to pump and hold above 82k, we turn htf bullish, which would be extremely positive for the next weeks and months to come, but we're not there yet and a correction is inevitable at some point.
So if you're sitting in profits, stick to your targets and exits, and don't roundtrip everything.
Eyes-on-the-charts-day. Act according to the charts. Not what others say.
$BTC Update & Hyblock Heatmaps
Feels like a profit taking day, just waiting for the final pump and then we should see a correction coming.
If Bitcoin would be to pump and hold above 82k, we turn htf bullish, which would be extremely positive for the next weeks and months to come, but we're not there yet and a correction is inevitable at some point.
So if you're sitting in profits, stick to your targets and exits, and don't roundtrip everything.
Eyes-on-the-charts-day. Act according to the charts. Not what others say.
👍2
BTC Update & Hyblock Heatmaps
Feeling was right yesterday and we got that -5.5% move from wick to wick, but market overall is holding very strong.
Still expecting Bitcoin to pump into the 82k area. The reaction there will tell a lot. Need that higher high. And a strong weekly / monthly close.
Have a great weekend and see you soon!
Feeling was right yesterday and we got that -5.5% move from wick to wick, but market overall is holding very strong.
Still expecting Bitcoin to pump into the 82k area. The reaction there will tell a lot. Need that higher high. And a strong weekly / monthly close.
Have a great weekend and see you soon!
👌1
BTC Update & Hyblock Heatmaps
Bitcoin closed weekly above major levels and moving averages - bullish! Waiting for the monthly close today to confirm current bullish momentum.
Generally leaning more to the bullish side atm, think we'll see a higher high above 82k pretty soon.
But to be fair, a hard rejection is still on the table, even with the strong closes.
If we're a bit lucky, the on-chain run will hold for some time. Definitely the time to lock in!
Have a great day and see you soon!
Bitcoin closed weekly above major levels and moving averages - bullish! Waiting for the monthly close today to confirm current bullish momentum.
Generally leaning more to the bullish side atm, think we'll see a higher high above 82k pretty soon.
But to be fair, a hard rejection is still on the table, even with the strong closes.
If we're a bit lucky, the on-chain run will hold for some time. Definitely the time to lock in!
Have a great day and see you soon!
❤2