Lennaert Snyder|Nov 04, 2026 09:16
BTC gave us the 76.2K PML sweep as we anticipated on all week.
My long-limit slightly beneath the 76.2K low got filled, already a beautiful reaction, GG if you took it too.
Bitcoin got repriced higher after the results of the mid-term elections were released.
The delivery since the PML sweep is one big leg to the upside, so November is starting nicely.
If you're not already long, don't FOMO and wait for new opportunities. We all know those always come.
For potential re-entries after the trigger, the 76.8K region could deliver.
What I don't like about this leg up, is that we barely mitigated the 4H wick as drawn in the chart.
Based on historical price data, those wicks almost always get filled eventually.
So it's a possibility that if the retest comes, price wicks into that region before repricing to the upside.
It's even possible to get another sweep if we go that low, so I've my alerts set and will monitor closely.
79.8K BSL is a nice TP level and the 80K 1H imbalance could deliver nice hedge-shorts after the trigger. Same approach for 81K.
Lots of opportunities again, good luck everyone.
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