

$BTC Swing Short Setup Entry: 76k SL: Weekly close above 80k Thesis coming soon.
Kaz
3.2K posts

@XBTkaz
$BTC Cycle Expert | Team Paragon | Swing Trader | Trade with me in Paragon, Link in Bio | NFA


$BTC Swing Short Setup Entry: 76k SL: Weekly close above 80k Thesis coming soon.

$BTC Price is holding near $78K but the internals are deteriorating. Spot CVD has been trending down from 7K to 4.4K while price stays elevated. Spot sellers are in control. Funding flipped positive. The longs are now the ones paying. OI still declining. Longs exiting into strength, Price holding on a trendline with weakening structure underneath it, That's not a setup you'd want to be long into. Watching for trendline break below $77.5K and this gets interesting fast.



$BTC We are currently at the resistance of the trendline... Which isn't really a place you should be looking for longs, Yes, we can go higher but that could also be a fakeout ( high probable scenario ), We the wick filling the Daily FVG, $80-81k can become the local top that everyone is looking for. Levels that I am watching for rn are 79.5k and 80.5k. It's almost time for $BTC.

$BTC Price is holding near $78K but the internals are deteriorating. Spot CVD has been trending down from 7K to 4.4K while price stays elevated. Spot sellers are in control. Funding flipped positive. The longs are now the ones paying. OI still declining. Longs exiting into strength, Price holding on a trendline with weakening structure underneath it, That's not a setup you'd want to be long into. Watching for trendline break below $77.5K and this gets interesting fast.

$BTC Price is holding near $78K but the internals are deteriorating. Spot CVD has been trending down from 7K to 4.4K while price stays elevated. Spot sellers are in control. Funding flipped positive. The longs are now the ones paying. OI still declining. Longs exiting into strength, Price holding on a trendline with weakening structure underneath it, That's not a setup you'd want to be long into. Watching for trendline break below $77.5K and this gets interesting fast.

$BTC Price is holding near $78K but the internals are deteriorating. Spot CVD has been trending down from 7K to 4.4K while price stays elevated. Spot sellers are in control. Funding flipped positive. The longs are now the ones paying. OI still declining. Longs exiting into strength, Price holding on a trendline with weakening structure underneath it, That's not a setup you'd want to be long into. Watching for trendline break below $77.5K and this gets interesting fast.


The $BTC bull market top. BTC nears logarithmic cycle apex, indicating the top is near. Do not be exit liquidity. It is not worth chasing 10%. It was fun.

$BTC Price is holding near $78K but the internals are deteriorating. Spot CVD has been trending down from 7K to 4.4K while price stays elevated. Spot sellers are in control. Funding flipped positive. The longs are now the ones paying. OI still declining. Longs exiting into strength, Price holding on a trendline with weakening structure underneath it, That's not a setup you'd want to be long into. Watching for trendline break below $77.5K and this gets interesting fast.

$BTC Price is holding near $78K but the internals are deteriorating. Spot CVD has been trending down from 7K to 4.4K while price stays elevated. Spot sellers are in control. Funding flipped positive. The longs are now the ones paying. OI still declining. Longs exiting into strength, Price holding on a trendline with weakening structure underneath it, That's not a setup you'd want to be long into. Watching for trendline break below $77.5K and this gets interesting fast.


$BTC Funding is back to neutral. The short squeeze that drove this rally from $74K is essentially done. (doesn't mean we cannot go higher) Spot CVD has been quietly fading from its highs over the last two days while price holds near $78K. OI flat. No new longs being added. The previous structure with spot and perps aligned, shorts trapped is now exhausted. $78.5K is the line. Break it with OI building and spot recovering, the move continues. Stall here and this starts to look like distribution. Watching closely.

$BTC We got some liquidity building up around ~81k, But if you read my previous post, I mentioned there that we could frontran this if there's no spot strength + OI keeps going down. That being said, there's still uncertainty in the market though it's Friday today, And Over the Past 3 months Friday is the second best performing day. So imo, it's better to just sit back for now and observe the charts.

$BTC We got some liquidity building up around ~81k, But if you read my previous post, I mentioned there that we could frontran this if there's no spot strength + OI keeps going down. That being said, there's still uncertainty in the market though it's Friday today, And Over the Past 3 months Friday is the second best performing day. So imo, it's better to just sit back for now and observe the charts.

$BTC It's kind of obvious at this point that we are going lower, But, before we go lower, we might take some bears out, We got ~$1.5B in short liquidations if we go to 82k, which is very possible. Expecting this liquidation to occur in the next 5-6 days. Higher before Lower.

$BTC We are currently at the resistance of the trendline... Which isn't really a place you should be looking for longs, Yes, we can go higher but that could also be a fakeout ( high probable scenario ), We the wick filling the Daily FVG, $80-81k can become the local top that everyone is looking for. Levels that I am watching for rn are 79.5k and 80.5k. It's almost time for $BTC.

$BTC It's kind of obvious at this point that we are going lower, But, before we go lower, we might take some bears out, We got ~$1.5B in short liquidations if we go to 82k, which is very possible. Expecting this liquidation to occur in the next 5-6 days. Higher before Lower.

$BTC It's kind of obvious at this point that we are going lower, But, before we go lower, we might take some bears out, We got ~$1.5B in short liquidations if we go to 82k, which is very possible. Expecting this liquidation to occur in the next 5-6 days. Higher before Lower.


$BTC It's kind of obvious at this point that we are going lower, But, before we go lower, we might take some bears out, We got ~$1.5B in short liquidations if we go to 82k, which is very possible. Expecting this liquidation to occur in the next 5-6 days. Higher before Lower.


$BTC We are currently at the resistance of the trendline... Which isn't really a place you should be looking for longs, Yes, we can go higher but that could also be a fakeout ( high probable scenario ), We the wick filling the Daily FVG, $80-81k can become the local top that everyone is looking for. Levels that I am watching for rn are 79.5k and 80.5k. It's almost time for $BTC.

$BTC We got some liquidity building up around ~81k, But if you read my previous post, I mentioned there that we could frontran this if there's no spot strength + OI keeps going down. That being said, there's still uncertainty in the market though it's Friday today, And Over the Past 3 months Friday is the second best performing day. So imo, it's better to just sit back for now and observe the charts.



bitcoin:native We still got some liquidity at higher levels, which could get tested this week, Though we should not forget that on HTF, there's a MASSIVE cluster of liquidity on lower levels. The levels to watch on LTF for now are: $79,500 $80,500 I got a DCA order at 80k for my swing short.