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Daily Trades & Plan

08.07.2024

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BTC analysis and Data

  • Bitcoin has it strong bounce from the sell off. We tested the 200EMA on the daily as you can see on the chart .
  • First support at 52.000 area where is marked on the chart, is stil valid. We did not fill the gap down there.
  • Price retraced more than 75% of that last leg we had which is a first sign of sideway direction. We also got Filled part of the OB- GAP left above before the break down from 60.000$.
  • No market shift, early signs of reversal on lower time frames but on 4H we are still on a downtrend.
  • RSI (4h): We have an RSI divergence but despite that nothing that can show us strength.
  • MACD: Weakening upside momentum
  • KEY LEVEL: We need to hold 52.000$

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Charts: BTC 4H

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Data Analysis (15m chart)

  1. OI → During the weekend , positions got squeezed out. Now OI is rising as price is going up, in normal range which is healthy under those coniditions.
  2. CVD spots and futures→ CVD Spot is leading the market , and futs following. I can see that the futs CVD was rising while shorts liquidations have been bigger, which is a sign of forced buys.
  3. Liquidations→ Mostly shorts squeezed out.
  4. Heatmap→ We have more liquidity resting above , towards 60.000 rather than lower which can drive the price up there.
  5. Funding rate → Below neutral

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Data Analysis: 15m BTC

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Liquidity Heat map

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ETF flows:

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Trades & Paths short term

  • I am trading with BOS system
  • Few paths on BTC (using 1h and 15m) -

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  • Orange path→ Chop and make its move after the daily open towards 60s
  • Black path→ Fill some insufficiencies above
  • Red path → Sweep above and reject , trading towards lower part of this range
  • Purple Path → Test the range low directly (not likely)

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Charts: 15m

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Coins on my watchlist:

$PEPE - giving a good set up if it can hold above the purple pivot line https://www.tradingview.com/x/w4d7lxKj/

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