Hyblock Charts: Starting with the 1-month chart, there’s a high liquidation level above price at $27,600, with no significant yellow zones below. Moving to the 7-day chart, a significant level above price is at $27,350, and below price, an area from $26,000 to $25,800 has been observed. Note that the price has surpassed the levels that were above price when this update began, so I’ll monitor any new levels forming above price and provide an additional update if necessary.
Bitcoin Chart (H12): Reviewing last week’s H12 chart, the higher low I mentioned has formed, indicating a further internal market structure break to the upside. The current price has absorbed all internal buy-side liquidity and reached into the premium of the H12 range. I’ll now be watching for any signs of weakness on the lower time frames.
Bitcoin Chart (H1): On the H1 chart, we broke the high marked with the green line (MSB) before retracing, offering an opportunity for a long position on H1 or M15. Currently, all hyblock liquidation levels have been surpassed, and buy-side liquidity has been absorbed. Now, it’s time to wait and observe as we are inside the premium of the H12 range. The market might continue upward, taking out external liquidity, or turn around and head for the liquidity below.
This week’s high-impact news includes ISM Manufacturing PMI and Fed Chair Powell Speaks on Tuesday, JOLTS Job Openings on Wednesday, ISM Services PMI and Unemployment Claims on Thursday, and Non-Farm Employment Change and Unemployment Rate on Friday.
Wishing everyone a successful and enjoyable trading week ahead!
Welcome to the Sunday Bitcoin & Hyblock Update.
Hyblock Charts: Starting with the 1-month chart, there’s a high liquidation level above price at $27,600, with no significant yellow zones below. Moving to the 7-day chart, a significant level above price is at $27,350, and below price, an area from $26,000 to $25,800 has been observed. Note that the price has surpassed the levels that were above price when this update began, so I’ll monitor any new levels forming above price and provide an additional update if necessary.
Bitcoin Chart (H12): Reviewing last week’s H12 chart, the higher low I mentioned has formed, indicating a further internal market structure break to the upside. The current price has absorbed all internal buy-side liquidity and reached into the premium of the H12 range. I’ll now be watching for any signs of weakness on the lower time frames.
Bitcoin Chart (H1): On the H1 chart, we broke the high marked with the green line (MSB) before retracing, offering an opportunity for a long position on H1 or M15. Currently, all hyblock liquidation levels have been surpassed, and buy-side liquidity has been absorbed. Now, it’s time to wait and observe as we are inside the premium of the H12 range. The market might continue upward, taking out external liquidity, or turn around and head for the liquidity below.
This week’s high-impact news includes ISM Manufacturing PMI and Fed Chair Powell Speaks on Tuesday, JOLTS Job Openings on Wednesday, ISM Services PMI and Unemployment Claims on Thursday, and Non-Farm Employment Change and Unemployment Rate on Friday.
Wishing everyone a successful and enjoyable trading week ahead!