BTC Short Term Pump it Up

I think there are a lot of people believing that Bitcoin might be lagging behind the major markets such as the SPY and NQ, as we have not seen an equal move from the bottom compared to many tech / risk stocks which have seen 3-4x from their lows.

We might have some potential for a crazy squeeze as shorts get trapped here before pushing the market up higher into our next daily level.

I will be watching the reaction at the next level above to determine wether we will continue moving higher, or confirm the breakout above the current Value Area High and let the market decide which direction we will chose.

Potential long term target $40k - 42K

Transaction en cours:

Long BTC 29k

Trade fermée manuellement:

After the rejection from the VAL (Value Area Low) and failure to reclaim my bias has flipped bearish, looking for lower targets.

Currently looking at the Green line liquidity zone at approx $28,300.

If we break below this level then I will be quite bearish and look further down towards the previous range VAH (Value Area High) at approx $27,400 for some support.

Commentaire:

Nice bounce

Transaction en cours:

Nice short from range point of control $30,100k - $30,300

Trade fermée manuellement:

Short closed $29,500

Commentaire:

Value Area Low potentially being reclaimed. Potential target 31K - $32k ...

Commentaire:

If BTC drops to 29k, then I will begin building a new long position down to 26/27k if we get there.

Transaction en cours:

Long opened, building position from $25k/$26k.

If we break below $24, trade will be invalidated.

Commentaire:

Tapped 35k