Hyblock Charts: Looking at the 6/3 month charts and we can see most the liquidations are below price with the 6 month at $23,400 area and the 3-month at $33,600 area. Looking for anything above price and there is no zones showing up on both 3 and 6 month charts.
Bitcoin Chart(M): Starting with the 1-month bitcoin chart and can see we have now taken external range liquidity at $48,200 and tapped into a monthly fair value gap above with that in mind I now look for price to tap into the internal range liquidity on the monthly which is the fair value gap from $34,100 to $27,504 which lines up with the higher time frame hyblock liquidation levels.
Bitcoin Chart(D): Looking over the daily chart you can see the tap into the monthly fair value gap then a sell off which has given the market structure break to downside on the daily chart. With all the un tapped lows from the last few months I think we could start the slow grind down into the monthly internal range liquidity (FVG).
I think most off the ETF news was pretty much priced in over the last months and we could now slowly grind down into the monthly internal range liquidity before the upcoming bitcoin halving in April
Bitcoin Monthly ERL – IRL
Market Maker Sell Model
Hyblock Charts: Looking at the 6/3 month charts and we can see most the liquidations are below price with the 6 month at $23,400 area and the 3-month at $33,600 area. Looking for anything above price and there is no zones showing up on both 3 and 6 month charts.
Bitcoin Chart(M): Starting with the 1-month bitcoin chart and can see we have now taken external range liquidity at $48,200 and tapped into a monthly fair value gap above with that in mind I now look for price to tap into the internal range liquidity on the monthly which is the fair value gap from $34,100 to $27,504 which lines up with the higher time frame hyblock liquidation levels.
Bitcoin Chart(D): Looking over the daily chart you can see the tap into the monthly fair value gap then a sell off which has given the market structure break to downside on the daily chart. With all the un tapped lows from the last few months I think we could start the slow grind down into the monthly internal range liquidity (FVG).
I think most off the ETF news was pretty much priced in over the last months and we could now slowly grind down into the monthly internal range liquidity before the upcoming bitcoin halving in April