source avatarSherlock | DeFi Researcher

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

Bitcoin's complete playbook for next week. I have tested every level against 450 weeks of data. This week is closing around $76,000 which is a 7.2% gain from Monday's open. But the high was $78,333 on Friday and Saturday gave most of it back with a 1.79% dump and Sunday only recovered half of that. The weekly candle is closing at 70% of its range which means price is not closing near the highs where you want to see strength, it is closing in the upper half but with a clear rejection wick above. That matters for next week because a weekly close at 70% of range after breaking a prior week's high has historically been followed by a red week 62% of the time. Not a guaranteed sell but worth knowing before you go all in on Monday. Here is what the data says about next week based on where Monday and Wednesday close. If Monday closes above $79,800 which is 5% above the open, the week has closed green 89.6% of the time historically and since 2021 that number is 95.5%. If Monday closes above $79,116 which is 1% above this week's high of $78,333, that confirms price is not just wicking above resistance but actually holding above it and historically that means the breakout is real. If by Wednesday the week is still up more than 3% from Monday's open, the week closes green 86% of the time across 141 occurrences and if it is up more than 5% by Wednesday that jumps to 91.4% across 93 occurrences. On the bearish side, if Monday closes below $74,480 which is 2% below the open, that confirms the Friday pump was a trap and the Saturday rejection was the real move. If by Wednesday the week is down more than 2%, the week closes red 80% of the time and in the last 3 months specifically that number has been 100%, 5 out of 5 with zero exceptions. And if Monday somehow closes below $69,861 which is 1% below this week's low of $70,567, that is a full sweep of the weekly range and historically the rest of the week bounces green 81.8% of the time. That is the level where you buy, not sell. $79,800. $79,116. $74,480. $69,861. These four numbers are your entire week. Bookmark and check them Monday and Wednesday.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.