Good evening all…
So on reviewing the previous post on “Where your heads at” A common theme is starting to arise within the learning of the hybrid system.
Disturbingly, I am going to have to cater for the Onlyfans vote as there is a little issue with the Onlyfans link and Volume,exo, book map being joint third….I will keep you guys posted on when that starts….lol
So in tonight’s breakdown of the hybrid…Im going to consider the basics of the hybrid in my breakdown…
I am noticing a little back and forth in the discord about what Bitcoin is working on doing next…Welcome to Uncertainty…No one knows the madness and how it will unfold…We are playing the game of probabilities.
So let’s refer to the first Bitcoin image – “Btc vol profile” – This was taken from last week’s update which you can find here…
https://www.patreon.com/posts/bitcoin-81565162
if you are new to Patreon, give this a little read to bring you up to speed with how bitcoin has behaved up until this point where we are in the chart.
So let’s break down Bitcoin right now on the 8-hour chart to get a good look at the cycles and where we are…
Referring to the “Peak Formation Chart” – This is Bitcoin on what is the assumed cycle in the 8-hour time frame…
Bitcoin is stuck within a $4495 range….From the high of the level 2 range to the low.
Now for the swing trader, he has the decision to make…Does he load up a small position to take advantage of Bitcoin rising higher to play the level 3 region?
The level we are currently in….This is consistent with accumulation on the 8-hour time frame. I use the 8-hour chart as the levels are much clearer…
As long as Bitcoin remains above the level 1 zone and where the peak formation is locked…We assume upwards momentum to continue…
Now I have shared the same image again but this time with the emas…
Things look different now. referring to the same chart with the emas, you can see that if the cycle is to change its tone, we would use the 200 ema and the 800 ema as points of interest that will tell us if the momentum is going to start to break down and potentially start recovering the vectors candles down below.
We need to use these areas as assumed zones of interest that the MM can trap traders into shorts and longs…
This leads me to the 1-hour time frame…
In the “Bitcoin Journey to FOMC” chart I have labeled the nearest area of liquidity that we can assume the MM will want to take above the 30300 zone.
We have included the time of the FOMC meeting which will have an impact on what Bitcoin does beforehand.
Let’s assume the following scenarios:
They will move price lower to attack the green vectors beyond the 28800 zone.
They will hold price until FOMC before they move anywhere and stay within the level 2 zone ($4500 dollar range) If this is the case, you will price across the board ranging and trading very sporadically as investors are waiting for the FOMC results.
The next image…”Stop Run Zone” paints the likely scenario that Bitcoin will make an attempt to complete towards the start of next week.
I am paying close attention to the fact that the last two highs are giving me the heads up that Bitcoin may attack these regions and achieve a stop run to facilitate the guys hoping for higher price action…The 30300 zone is not too far away…
I will keep an eye on the cloud in the 1-hour time frame…If they do move away from the cloud to the downside, then we are aiming toward the previous vector zones.
NOTE: We need the price to be trading below the 1-hour time frame cloud and you want sharp red vector candles pushing price lower to squeeze out the longs being built in the chart. This is to assume a narrative of shorts…
So we ask ourselves…Which direction do we take?
If you decide to take a long you base the time of the trade being held (based on the cycle of the 8 hour time frame) – do not risk more than you can absorb to lose. 8 Hour time frame can bring wide price swings…Remember, we are in a range so be mindful that if Bitcoin approaches the low or the high of this level 2 range we are in…That is where you will be making or considering a trade.
From a short-term perspective, I am favoring Bitcoin to roll down, but I am waiting for one more attempt up and valid breach and close below the 1 hour 50 ema cloud before I assume safety to run a short…
Now use the hyblock images on the assumed direction that Bitcoin may take…
Focus on the cloud on the chosen time frame you trade on, but use the 1-hour time frame as the base…e.g. if you are scalping the 5m time frame, use the 1-hour time frame cloud to assume that as long as the price is trading in the upper band of the cloud then you are looking at longs on the retraces that appear on the 5m time frame…(if anyone is confused with this, let me know and I will explain further)
I hope this is easily absorbed….I have tried to keep it simple…Let me know what you think guys…
Mad Love
T
