Lower zone taken out. Upper next?

Check. Enjoy your weekend! :D

On high timeframe Bitcoin is currently trading around the midline of the 24-32k range. I see a decent chance of Bitcoin visiting both of the limit levels. As Wyckoff has said, before a markup/markdown, the big participants usually grab liquidity on the other side.

There is a reasonable chance in my opinion for a Bitcoin mean reversion towards the 27.3k level on swing timeframes. This zone is a confluence of the MA30, a horizontal resistance and also the current RSI downtrend. $BTC #Bitcoin

Mean reversion complete, to the dollar. $BTC #Bitcoin

Someone is intentionally hunting for short liquidations. Short liquidations provide excellent passive fuel for big #Bitcoin players to distribute on the market. Look at the chart. As soon as funding rates turn negative (indicating short power) a move comes that flushes it. #Bitcoin

Following the ETF fake news candle, the price of Bitcoin has been consolidating with tight spreads and low turnover. Massive liquidity clusters have been left behind to the south, ready to be grabbed by the Composite Man. The 3-day timeframe is on the verge of flippening into bullish structure.
My Bitcoin position allocation is currently 3/9, details in the video.
https://youtu.be/Xdw33Eqd6lE

$BTC #Bitcoin

#Bitcoin price rising with an even stronger negative funding and a growing open interest. Divergence. $BTC

This is how the Chartpunk Dots and Track swing indicator has helped my clients to grab onto this #Bitcoin move on the right side of the market. Indicator available at https://chartpunk.com

How about a quick squeeze?

Squeeze completed. Short are continuously powering the upwards impulses. As soon as the retail margin shorts run out of capital, the descent may commence. Not sooner. $BTC

Intraday $BTC price action slowly trending up with open interest trending down. Divergence. The upwards movement is not supported by new longs. #Bitcoin

6-month #Bitcoin liquidity heatmap shows that all liquidity has been grabbed to the upside. This means that in case the bulls want to continue the uptrend, they have no more significant short liquidity to feast on.

The parabolic move of the previous days has been rocket fueled by upwards liquidity clusters. There were significant short stops in those zones that lifted the market swiftly by their buy orders. That game is now over.

There is basically two ways to continue upwards. First is of course significant long capital entering the market, and creating a healthy uptrend. The other option is the creation of new short liquidation clusters by temporary pullbacks where margin shorts could be lured into the market again.

We will see. I am happy to see some game finally on the $BTC market.

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https://youtu.be/k9VTDQJTuQ0

While the Bitcoin market makers have already wiped HTF liquidity to the upside, on the #Ethereum chart I still see some nice juice between 1800-2000. Up for a quick grab? $ETH

DAILY DOSE OF BITCOIN - Video Update

https://youtu.be/Y_oojJkp-Z8

We have been riding the current upmove in a comfy 6/9 position size, that has been signaled to us earlier on the 1-day and 3-day #Bitcoin charts.

The Monday explosion on the weekly however has left behind our weekly portfolio in a 0/3 allocation - hence the 6/9 overall.

The closing of the week is coming and I do not feel comfortable with entering on top of the candle, we will see. There are basically two more days to give us a pullback, otherwise we will need to allocate the remaining 3 position sizes on these levels.

Low timeframe liquidity heatmap is showing that the relative majority of margin liquidation clusters are now to the south, I have this feeling that sooner or later the big players who have been feasting in margin calling shorts all along the previous week will start to feed the market with their positions to the downside.

If you like my content, please take 5 seconds to like and share. Additional 10 seconds could give me a comment. Costs you nothing, means to me a lot. 🙏