Bitcoin/TetherLong
1wk #BTCUSD #BTCUSDT #BTCETH pull'n back/25,5-21,5 Block Inbound
Updated
Strong, really strong BTC run up and rite into/FILLED IN SOME OF THIS "FAIR VALUE GAP (27,00-29,500)
These are areas for lack of a better description, NEEDED TO GET FILLED IN/UP AT SOME POINT DUE TO A LACK OF/NEVER SEEING ANY OR MUCH TRADING ACTION EVER AT THESE LEVELS.
TRADIONALY Termed “fair Value Gaps” offer a bit of sticky magnetic type trade action.” FVG’s almost always attract price action and can even feel like support during Bear markets, only to find the spot price is dropping just as hard that next day/even few hours. These levels of, “lack of trade action” more guarantee some additional trading or volume but the difference is this is “new Money” and by nature less sticky. This makes traders more likely to sell, add, short whatever, more likely to actively manage that position. When we have people that traded a level for days/months/weeks AND weeks/months/years ago. Those positions are more likely to HODL or already be sold. Ie less reactive and more SET unless heavy BUY/SELL pressure is applied.
To sum this up; Supports or resistance (ie heavy accumulation zones) act as more of an obstruction or foundation. Ie the spot price reaction to the supports and resistance depend on the Holders of that price level wanting to either SELL or HOLD the asset at that specific price/price zone. SUCH AS, WALLS, SUPPORTS, RESISTANCE ETC. UNLIKE “FAIR VALUE GAPS” that are REALLY JUST Temporary STICKY ZONES.
NOW WE ARE SEEING A BIT OF A PULL BACK AFTER THE FAIR VALUE GAP HIT AND PRIOR RUN UP> FRANKLY, THIS IS ONE OF THE STRONGEST “UPSIDE CANDLES” I HAVE Seen FOR BTC IN A REALLY LONG TIME>SO A SLIGHT PULL BACK IS natural BUT IF WE SEE THAT 21500 SUPPORT BREAK LOOK TO EXIT AND OR SHORT.
THE PLAN: DUE TO THE STREGNTH OF the recent BREAK OUT I am looking for, “A HIGHER LOW” ABOVE 21,500-BTC IE WE RAN THE UPSIDE LIQUIDITY SO NOW WE ARE LOOKING FOR A PRICE BREAK OUT >AFTER< THIS NEXT, "RANGE LOW" BASICALY, WE RAN THE UPSIDE AND NOW WE LOOK FOR A NEW "HIGHER LOW" and if that breaks down then we know to run/short
_A lot of people will see this pullback we are starting to see rite now see this upside as a divergence and short BTC.
_For me; Based on the strength of that upside candle and tearing into that Fair Value Gap at 27,00-29,500 zone a pull back is pretty normal.
_What I want to see is some type of bullish action once BTC drops back into that 21,500-25/25,500 BTC Box. (my absolute limit for “lower hi BTC” is 19,500 and would be much more comfortable with a “higher low” of no lower then 21,500 BTC on the 12hr to 1day charts.)
IF BREAK THE 19,500-21,500 BTC SUPPORT THEN THIS UPSIDE BULLISH IDEA IS DEAD AND LOOK TO SHORT IF THATS AN OPTION FOR YOUR JURISDICTION/COUNTRY AND WHAT EXCHANGES YOU CAN ACCESS.
IF WE DROP INTO THAT LOWER BOX ( 25k and below) FOR NOW UNTIL WE SEE BEARISH ACTION LOOK TO LONG BTC IN THAT 25,000 to 21,500 range.
://HGM0Ut_
These are areas for lack of a better description, NEEDED TO GET FILLED IN/UP AT SOME POINT DUE TO A LACK OF/NEVER SEEING ANY OR MUCH TRADING ACTION EVER AT THESE LEVELS.
TRADIONALY Termed “fair Value Gaps” offer a bit of sticky magnetic type trade action.” FVG’s almost always attract price action and can even feel like support during Bear markets, only to find the spot price is dropping just as hard that next day/even few hours. These levels of, “lack of trade action” more guarantee some additional trading or volume but the difference is this is “new Money” and by nature less sticky. This makes traders more likely to sell, add, short whatever, more likely to actively manage that position. When we have people that traded a level for days/months/weeks AND weeks/months/years ago. Those positions are more likely to HODL or already be sold. Ie less reactive and more SET unless heavy BUY/SELL pressure is applied.
To sum this up; Supports or resistance (ie heavy accumulation zones) act as more of an obstruction or foundation. Ie the spot price reaction to the supports and resistance depend on the Holders of that price level wanting to either SELL or HOLD the asset at that specific price/price zone. SUCH AS, WALLS, SUPPORTS, RESISTANCE ETC. UNLIKE “FAIR VALUE GAPS” that are REALLY JUST Temporary STICKY ZONES.
NOW WE ARE SEEING A BIT OF A PULL BACK AFTER THE FAIR VALUE GAP HIT AND PRIOR RUN UP> FRANKLY, THIS IS ONE OF THE STRONGEST “UPSIDE CANDLES” I HAVE Seen FOR BTC IN A REALLY LONG TIME>SO A SLIGHT PULL BACK IS natural BUT IF WE SEE THAT 21500 SUPPORT BREAK LOOK TO EXIT AND OR SHORT.
THE PLAN: DUE TO THE STREGNTH OF the recent BREAK OUT I am looking for, “A HIGHER LOW” ABOVE 21,500-BTC IE WE RAN THE UPSIDE LIQUIDITY SO NOW WE ARE LOOKING FOR A PRICE BREAK OUT >AFTER< THIS NEXT, "RANGE LOW" BASICALY, WE RAN THE UPSIDE AND NOW WE LOOK FOR A NEW "HIGHER LOW" and if that breaks down then we know to run/short
_A lot of people will see this pullback we are starting to see rite now see this upside as a divergence and short BTC.
_For me; Based on the strength of that upside candle and tearing into that Fair Value Gap at 27,00-29,500 zone a pull back is pretty normal.
_What I want to see is some type of bullish action once BTC drops back into that 21,500-25/25,500 BTC Box. (my absolute limit for “lower hi BTC” is 19,500 and would be much more comfortable with a “higher low” of no lower then 21,500 BTC on the 12hr to 1day charts.)
IF BREAK THE 19,500-21,500 BTC SUPPORT THEN THIS UPSIDE BULLISH IDEA IS DEAD AND LOOK TO SHORT IF THATS AN OPTION FOR YOUR JURISDICTION/COUNTRY AND WHAT EXCHANGES YOU CAN ACCESS.
IF WE DROP INTO THAT LOWER BOX ( 25k and below) FOR NOW UNTIL WE SEE BEARISH ACTION LOOK TO LONG BTC IN THAT 25,000 to 21,500 range.
://HGM0Ut_
Note
HustleGrindMomentum@ GroundedCrypto
Looking for Bearish equities and crypto and bullish or rising dollar chart=is what im looking for in correlation with the above idea.
TO SUM ALL THIS RAMBLING UP IN A SENTANCE: If the dollar continues to drop and everything else continues to pump, just flip and go long as you find new set ups in whatever u trade. Think about it how much upside do you miss out on by waiting to see if these ideas have any gravity..?
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