$BTC
Long here https://t.co/MoqpJikwGK
BTCActivation price $60,221.99Direction LongType DirectionalTimeframe Short
Max Favorable +7.4%Max Adverse −1.1%Opportunity 0.73Time 0.93Magnitude 0.73Score 0.79
$BTC
Close above H4 imbalance (red) and we could see some relief. We're hanging around Feb low with downside wicks and a potential divergence across the lows on the daily.
That said, I want to see how Monday trades before taking any trades on BTC. Have been on holiday mode these past couple weeks so not rushing into anything going into month end. How we close June is fairly important.
BTCActivation price $61,612.93Direction LongType ConditionalTrigger Hold Above 61200Timeframe Short
Max Favorable +5.0%Max Adverse −0.8%Opportunity 0.64Time 0.91Magnitude 0.64Score 0.71
Gm
bitcoin:native
Weekly SFP of a key level (60k) wouldn't be surprised to see a bounce here. However, we're still in a strong downtrend so I don't think we mount a full on reversal here - I'd rather see some structure built first.
Looking at a few options intra-week that will build into the higher timeframe:
- Retrace up into 66-68 then take out the current low once more. If that ends up as another sweep it could be the formation of a local bottom.
- Retrace up, followed by a close lower, then I'll be eying that 49k level, which imo we do tag eventually. But giving the SFP some credit first.
- Not too interested in longs yet - unless we see a range develop around the 60-61k lows first.
GL
BTCActivation price $63,084.57Direction LongType DirectionalTimeframe Short
Max Favorable +6.7%Max Adverse −3.7%Opportunity 0.57Time 0.77Magnitude 0.57Score 0.60
$BTC
80k is the magnet. Would love an early month drive higher to short, targeting 70k.
Alternatively, if we drift lower *first*, 69-70.4k would be a downside level of interest for potential longs.
Though, shorts are favoured.
But a rally first would be nice ...
GL https://t.co/G1iXd2Fgu3
BTCActivation price $70,400Direction LongType ConditionalTrigger Hits 70400Timeframe Short
Max Favorable +0.0%Max Adverse −16.0%Opportunity 0.00Time 0.00Magnitude 0.00Score 0.00
bitcoin:native
These candle open levels are telling a story.
Given the weekly close, I was happy to lean bullish for a change this week.
However, the price action today printed clean rejections at the candle open levels above us.
If we are going to muster some type of relief bounce, we ought to be holding 75 - 75.6k
Otherwise lower.
BTCActivation price $74,449.3Direction ShortType ConditionalTrigger Hold Below 75000Timeframe Mid
Max Favorable +21.9%Max Adverse −0.2%Opportunity 0.92Time 0.97Magnitude 0.92Score 0.91