We’ve finally hit our ultimate target of 6.1-6.2% (3-drive pattern ✅), which we first talked about back in March after taking the 5W/5D HOB at 5.3%. We said that as long as USDT.D stays above the 4.76% SL, 6.1-6.2% would be the next target - and here we are.
We did see a very decent reaction from the level, as mentioned before. Scalp longs could’ve been taken, but personally, I only took a small, quick scalp long on BTC. I’m not really interested in longs until
BTC takes its 🗝️level.
I got asked a few times today about my plans for BTC, as the boss hasn’t taken the 🗝️ level yet (though it’ll very likely take it eventually). While it’s difficult to know exactly what’s going to happen or how it’ll play out, I’m simply going to focus on the USDT.D 6.5-6.8% resistance levels/EP (no liquidity). If that matches with 72K on BTC, it’d give us additional confluence to open a long.
So yeah, even though it’s hit our level perfectly - including other majors like
TOTAL and #ETHBTC - BTC hasn’t taken its 🗝️ level yet, which probably means we’ve got a tad higher to go on USDT.D. That level could be the HTF resistance/EP at 6.5%-6.8%.
Conversely, if we reject and see a pullback, watch the 18H HOB at 5.63% and potentially even the 17H Demand at 5.49% (wickfishing), where some profits on longs could be taken. Watch 5.03% - if it breaks below this = MTF bullishness on assets.
We did see a very decent reaction from the level, as mentioned before. Scalp longs could’ve been taken, but personally, I only took a small, quick scalp long on BTC. I’m not really interested in longs until
BTC takes its 🗝️level.I got asked a few times today about my plans for BTC, as the boss hasn’t taken the 🗝️ level yet (though it’ll very likely take it eventually). While it’s difficult to know exactly what’s going to happen or how it’ll play out, I’m simply going to focus on the USDT.D 6.5-6.8% resistance levels/EP (no liquidity). If that matches with 72K on BTC, it’d give us additional confluence to open a long.
So yeah, even though it’s hit our level perfectly - including other majors like
TOTAL and #ETHBTC - BTC hasn’t taken its 🗝️ level yet, which probably means we’ve got a tad higher to go on USDT.D. That level could be the HTF resistance/EP at 6.5%-6.8%.Conversely, if we reject and see a pullback, watch the 18H HOB at 5.63% and potentially even the 17H Demand at 5.49% (wickfishing), where some profits on longs could be taken. Watch 5.03% - if it breaks below this = MTF bullishness on assets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.