$BTC 📈
Failed breakout at the weekly VWAP. Poor highs were swept with real spot buying and new longs opening, but the move stalled and trapped late longs at the top.
The failure back below weekly VWAP offered a solid intraday short down toward the current lows / Range High level, as discussed in the previous post (I did not take the position given the 30min close above wVWAP).
Now playing patient:
- Looking for a deviation below the current lows / Range High level.
- Expecting shorts to chase into support, play the breakdown.
- Swift reclaim back above the Range High = trigger to go long.
- Targets: current highs ~$87k$ (+ prPOC, prVAH).
- Invalidation: fresh low we put in.
Awaiting OrderFlow confirmation at the key level before any execution.
顯示更多
$BTC 📈
Price continues to test the weekly VWAP, but buyers have yet to show enough aggression to push above it.
Earlier, fresh shorts entered. As downside momentum stalled, shorts began covering, helping drive the latest bounce alongside a little spot buying.
Now liquidity is building above the recent highs.
Those intraday highs are poor, leaving unfinished business to the upside.
If price reaches that liquidity, I’ll look for intent: rising OI alongside spot buying. Without that confirmation, a move above the highs could be a liquidity sweep rather than a sustained breakout, with price then vulnerable to a rotation back toward the current lows.
The upside auction still looks incomplete as of now - there is currently no short for me at the weekly VWAP without a breakout attempt first. Only then will I receive the information I'm looking for..
顯示更多