BTC Weekly Update

13 Jun 2023 · 1 min

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In this segment of the BTC Weekly Update, the speaker presents a concrete trade idea based on the 1‑hour Bitcoin chart. He notes a recent price displacement and a sweep of sell‑side liquidity, indicating that the market must absorb this liquidity before moving higher. He marks an order block around the 25,870 level, proposing to enter on a retracement to that zone. By drawing a Fibonacci retracement from the recent swing low to swing high, the 0.705 level aligns with the order block; a candle closing above this level would trigger the entry. The projected move after the retrace targets a 5.5 %–5.84 % gain, with a stop‑loss placed at the low wick of the entry candle. The analysis is instructional, outlining entry, risk, and reward parameters for traders.

Chapters

And as for the trade idea that I personally would take is at the moment you have displacement on the 1-hourly chart. I would've gotten in on that sweep of liquidity over there. Remember, in order for the markets to go higher, you take sell-side liquidity. Right here, you take the sell-side liquidity and right now look at what you're doing, you're pumping. So what I would do is I would mark out this block over here. That is an order block on the 1-hourly chart that is going to be at about 25,870. We'll wait for a retrace back to this area, this high here. If you close candle body above here, then most likely if you draw a fib from swing low to swing high, it's going to look something like that. That's going to be the 0.705. And then price is going to retrace back to 705, and then it's going to continue higher to the target of 5.5% or even higher. Also, the stop loss would be at the wick low, and that is going to be the target. This will give you a 5.84% return.