Lennaert Snyder
Lennaert Snyder|May 21, 2026 07:35
BTC filled the weekly imbalance and rejected. We took out the first IRL target so I TP' the longs there. Bitcoin also took out the 77.8K previous daily high, which means the probability of holding the 76.5K PDL increased significantly. On the bigger picture, we lost the previous weekly low already, and now filled the 78.2K weekly imbalance. I unfortunately missed the A+ short entry due to the timing (I was asleep). I'm not FOMO'ing into the short and await new setups to be created. This last pump pulled a lot of late and fomo-longs into the market + volume decreased. So a deeper pullback wouldn't be surprising, and if I get my trigger after holding the 76.5K PDL I probably long it as a rangetrade. My ideal short scenario would be around 79K, but I don't want to predict. So if price keeps dumping and loses the PDL, I'll look for late short entries on the retest. I'm trading in between bullish and bearish forces here, so not rushing anything. Good luck today everyone.(Lennaert Snyder)
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