Hyblock Charts: Let’s begin with the 1-month chart, where we see a high liquidation level above at $28,300 and a smaller level at $24,800, which may turn yellow in the coming days. Moving to the 7-day chart, we hit a level at $26,150 recently with nothing below the price, and there’s a level above at $27,500 that could potentially turn yellow in the near future.
Bitcoin Chart (H12): Turning to the H12 chart, it has remained relatively unchanged over the past few weeks. As I mentioned last week, we appear to be in a phase of sideways consolidation, with the market seeking liquidity on both sides. We recently hit the 7-day liquidation level at $27,050, followed by some selling to end the week. Starting the new week, we hit a 7-day liquidation level at $26,150, which could mark a higher low before heading for the liquidity resting above the price.
Bitcoin Chart (H1): Looking at the H1 chart, I’ve marked a H1 fair value gap below, which could serve as a target for price to fill if we are not in the process of forming a higher low in the current area. If the price does drop to that level, I would be on the lookout for a H1 long setup to develop in that region. If we are indeed forming a higher low on the H12 chart, I would want to see the high marked with the green line (MSB) to be closed above before considering a retracement for a long position.
This week, there is high-impact news scheduled for Wednesday, Thursday, Friday, and Saturday morning.
Wishing everyone a successful and enjoyable trading week ahead!
Welcome to the Sunday Bitcoin & Hyblock update.
Hyblock Charts: Let’s begin with the 1-month chart, where we see a high liquidation level above at $28,300 and a smaller level at $24,800, which may turn yellow in the coming days. Moving to the 7-day chart, we hit a level at $26,150 recently with nothing below the price, and there’s a level above at $27,500 that could potentially turn yellow in the near future.
Bitcoin Chart (H12): Turning to the H12 chart, it has remained relatively unchanged over the past few weeks. As I mentioned last week, we appear to be in a phase of sideways consolidation, with the market seeking liquidity on both sides. We recently hit the 7-day liquidation level at $27,050, followed by some selling to end the week. Starting the new week, we hit a 7-day liquidation level at $26,150, which could mark a higher low before heading for the liquidity resting above the price.
Bitcoin Chart (H1): Looking at the H1 chart, I’ve marked a H1 fair value gap below, which could serve as a target for price to fill if we are not in the process of forming a higher low in the current area. If the price does drop to that level, I would be on the lookout for a H1 long setup to develop in that region. If we are indeed forming a higher low on the H12 chart, I would want to see the high marked with the green line (MSB) to be closed above before considering a retracement for a long position.
This week, there is high-impact news scheduled for Wednesday, Thursday, Friday, and Saturday morning.
Wishing everyone a successful and enjoyable trading week ahead!