Lennaert Snyder
Lennaert Snyder|Oct 19, 2026 08:33
BTC started the week with filling the 82.2K 4H wick. We've been anticipating on that fill since last Friday, so this also means the 80.8K long hit full TP. GG if you took the long, I'm closing 80% and leaving a 20% runner in case we see 84K/85K this week. Bitcoin pumped during Asia, so probably a quiet London with potential opportunities in NY session. We left the wick of the previous weekly candle almost fully open, so I'm anticipating on lower retests before trying to go higher. Therefore shorts look pretty good locally, you could already be positioned here or wait for a push towards 83.4K for shorts after the trigger. Same story for the 85K region, still a very nice POI for shorts after the trigger considering all the BSL at 84K. For longs, we're now too high in the local range and we're already nicely positioned. First region where I'd consider longs is at the 81.1K region. If we fail to hold that I'd be cautious and wait for another sweep of the current 79.8K low. Overall an interesting start of the week.
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