Hyblock Charts: Lets start by looking over the 1-month chart, as mentioned last week and still this week there isn’t any significant levels above price and below price we still have that area from $27,800 to $27,300 and starting to see a liquidation area building up from $34,100 to $33,100 it’s not yet a yellow zone but it’s something to keep an eye on. Onto the 7-day chart and there is a lot levels on both sides so lets start with above price we have $37,550, $37,950, $38,250 and below price at $35,800, $35,200, $33,500 area
Bitcoin Chart (Daily): Looking over the daily bitcoin chart, we find ourselves making another new daily range after last week we broke out to the upside, as I mentioned last week I wanted to see how we react at the 7-day hyblock liquidation level as we stopped just above that area and pushed to the upside. Now let’s look at the current daily bitcoin chart and as you can see the weekly fair value gap is filled in and now we have spiked into the weekly breaker, I will be watching to see if we have another spike up into the weekly breaker before a correction to the downside
Bitcoin Chart (H1): Onto the H1 chart and you can see we are slowly grinding lower into the discount off the daily range, I will be watching the 7-day hyblock liquidation levels below price to see any kind reaction in my yellow circle zone, if I get a H1 long setup I would look to take into the liquidation levels above price,
Please note Wednesday we have USA CPI y/y release and its forecast to be 3.3% and last month was 3.7% which is pretty decent drop but be careful as bitcoin price could hunt both sides off the liquidation levels before the real move starts
Welcome to the Sunday Bitcoin & Hyblock Update!
Hyblock Charts: Lets start by looking over the 1-month chart, as mentioned last week and still this week there isn’t any significant levels above price and below price we still have that area from $27,800 to $27,300 and starting to see a liquidation area building up from $34,100 to $33,100 it’s not yet a yellow zone but it’s something to keep an eye on. Onto the 7-day chart and there is a lot levels on both sides so lets start with above price we have $37,550, $37,950, $38,250 and below price at $35,800, $35,200, $33,500 area
Bitcoin Chart (Daily): Looking over the daily bitcoin chart, we find ourselves making another new daily range after last week we broke out to the upside, as I mentioned last week I wanted to see how we react at the 7-day hyblock liquidation level as we stopped just above that area and pushed to the upside. Now let’s look at the current daily bitcoin chart and as you can see the weekly fair value gap is filled in and now we have spiked into the weekly breaker, I will be watching to see if we have another spike up into the weekly breaker before a correction to the downside
Bitcoin Chart (H1): Onto the H1 chart and you can see we are slowly grinding lower into the discount off the daily range, I will be watching the 7-day hyblock liquidation levels below price to see any kind reaction in my yellow circle zone, if I get a H1 long setup I would look to take into the liquidation levels above price,
Please note Wednesday we have USA CPI y/y release and its forecast to be 3.3% and last month was 3.7% which is pretty decent drop but be careful as bitcoin price could hunt both sides off the liquidation levels before the real move starts
Weekly Economic Data
http://wisenode.media/news/weekly-economic-data-summary-2/
Wishing everyone a successful trading week ahead!