Not longing yet, but starting to eye potential setups. Here’s my view 👇
Price: We sold off hard into daily support and are holding for now. The current weekly high looks weak, so I wouldn’t be surprised to see it swept at some point.
For me, two bullish scenarios are worth watching: We sweep the current low and break structure → fresh long setups.
We get supportive NY session stats today → confirmation to start looking for longs.
Time (Weekly): ❌ 72% chance to take out the high ❌ 99% chance to put in a new low if the high holds 🟠 Bias: neutral
Time (Daily): ⚠️ 38% chance to take out the high ❌ 99% chance to take out the low if the high holds 🟠 Bias: neutral
Distance (Weekly): ⚠️ 30% chance to take out the high ❌ 100% chance for more displacement 🟠 Bias: neutral
Distance (Daily): ✅ 8% chance to take out the high ⚠️ 58% chance for more displacement 🔴 Bias: bearish
Plan: Patience here. I’m not blindly longing daily support, I want either bullish NY stats or a liquidity sweep + break of structure to confirm strength. Until then, watching and waiting.
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$BTC
📊 New Day, New Data
Not longing yet, but starting to eye potential setups. Here’s my view 👇
Price:
We sold off hard into daily support and are holding for now. The current weekly high looks weak, so I wouldn’t be surprised to see it swept at some point.
For me, two bullish scenarios are worth watching:
We sweep the current low and break structure → fresh long setups.
We get supportive NY session stats today → confirmation to start looking for longs.
Time (Weekly):
❌ 72% chance to take out the high
❌ 99% chance to put in a new low if the high holds
🟠 Bias: neutral
Time (Daily):
⚠️ 38% chance to take out the high
❌ 99% chance to take out the low if the high holds
🟠 Bias: neutral
Distance (Weekly):
⚠️ 30% chance to take out the high
❌ 100% chance for more displacement
🟠 Bias: neutral
Distance (Daily):
✅ 8% chance to take out the high
⚠️ 58% chance for more displacement
🔴 Bias: bearish
Plan:
Patience here. I’m not blindly longing daily support, I want either bullish NY stats or a liquidity sweep + break of structure to confirm strength. Until then, watching and waiting.
TL;DR: Not a long yet, but signs are building.