BTC IS back at 100k. What's next for the market....🤑🤑
Gm and happy Monday! ☕️
Bitcoin update & Hyblock Heatmaps
Bitcoin may have broken the trendline, but as long as there’s no momentum coming in and the 107k level isn’t tested, it’s still very likely that one of the two lower targets will be reached.
Let’s see how strong the next few days will be — the weekend high will very likely be swept at the very least.
Have a great start into the new week and see you soon!
BTC IS back at 100k. What's next for the market 🤔 ...
Gm and happy Tuesday! ☕️
Bitcoin update & Hyblock Heatmaps
I still expect the bear flag to break downwards, even though there’s already been a fakeout (see circle). This is actually a good rule of thumb: when there’s a deviation like that and the price returns back into the pattern or range, it usually continues all the way to the other side. You can see that quite clearly here as well.
Since we now have a pretty clear flag, I’m expecting the next leg down to go below 100k rather than just to 102k. That’s what I’d most like to see: bear flag breakdown, liquidations & strong bounce, then higher.
BTC IS back at 100k. What's next for the market 🤑🤑..
Gm and happy Monday! ☕️
Bitcoin update & Hyblock Heatmaps
BTC pumped a bit into the CME close so that there’s no gap.
This reinforces my plan that we’ll likely see a bit more downside, probably down to one of the arrows.
With the most likely scenario being a slight move just below 100k (interesting area forming here in the 1m heatmap as well). Invalidation would be a clear breakout from the bear flag, but even then, that could just be some trickery to mess with leveraged traders.
Have a great start into the new week and see you soon!
BTC IS back at 100k what's next for the market 🤔.??
Gm and happy Saturday! ☕️
Bitcoin update & Hyblock Heatmaps
104.5k didn't held, so I'm expecting a bounce at 102k as next level, which would be the lower end of the previous range high (grea area). Another area to retest would be 99.5/100k.
I'm not too worried here, as we anticipated a small correction and now we're in the timeframe cyclists are expecting the daily cycle low.