This is a *technical analysis chart of BTC/USD (Bitcoin vs US Dollar)* on the *45-minute timeframe, using a mix of **Smart Money Concepts (SMC)* and *market structure* tools. Here's a breakdown of what's used:
---
### *Chart Type & Setup*
- *BTC/USD (Bitcoin)*
- Timeframe: *45m*
- Exchange: *Bitstamp*
- Style: *SMC + Price Action within a Parallel Channel*
---
### *Key Tools & Concepts Used*
#### *1. Trend Channel (Parallel Channel)*
- A clearly drawn *ascending channel* with price bouncing between upper and lower bounds.
- Used to identify trend continuation and reversal zones.
#### *2. CHoCH (Change of Character)*
- Several *CHoCH* points marked where market structure shifts (e.g., from lower lows to higher highs).
- CHoCH = Early signal of trend reversal.
#### *3. BOS (Break of Structure)*
- Indicates a confirmed break in previous highs (bullish BOS) showing *trend continuation*.
#### *4. SSL (Sell-Side Liquidity)*
- Marked *liquidity zone* under recent lows — likely an area where stops sit, targeted before potential reversal.
#### *5. Projected Move (Curved Arrow)*
- A *possible price path* is drawn, predicting a liquidity sweep at SSL followed by a bounce and rally into a *premium supply zone* above 87,000.
#### *6. Supply & Demand Zones*
- *Supply zone* around 87K marked in red (potential reversal area).
- *Demand zone* marked below (around 79K), labeled as “Strong Low.”
#### *7. Fair Value Gap (FVG) / Imbalance (likely)*
- There's an area highlighted where price may return to fill imbalance or revisit a fair value level (though not labeled directly).
---
### *Price Action Patterns Observed*
- *Higher highs and higher lows* within the channel = bullish trend
- *Liquidity sweep* followed by *CHoCH and BOS* = typical smart money reversal play
- Projection indicates a *Wyckoff-style Spring* before pushing higher
---
### Summary:
This chart combines *smart money concepts, **liquidity theory, and **trend channels* to anticipate a move lower into liquidity before price rallies to higher supply. It reflects a *bullish outlook* after a corrective dip — very typical in institutional trading models.
Let me know if you'd like help building or backtesting this type of setup!
---
### *Chart Type & Setup*
- *BTC/USD (Bitcoin)*
- Timeframe: *45m*
- Exchange: *Bitstamp*
- Style: *SMC + Price Action within a Parallel Channel*
---
### *Key Tools & Concepts Used*
#### *1. Trend Channel (Parallel Channel)*
- A clearly drawn *ascending channel* with price bouncing between upper and lower bounds.
- Used to identify trend continuation and reversal zones.
#### *2. CHoCH (Change of Character)*
- Several *CHoCH* points marked where market structure shifts (e.g., from lower lows to higher highs).
- CHoCH = Early signal of trend reversal.
#### *3. BOS (Break of Structure)*
- Indicates a confirmed break in previous highs (bullish BOS) showing *trend continuation*.
#### *4. SSL (Sell-Side Liquidity)*
- Marked *liquidity zone* under recent lows — likely an area where stops sit, targeted before potential reversal.
#### *5. Projected Move (Curved Arrow)*
- A *possible price path* is drawn, predicting a liquidity sweep at SSL followed by a bounce and rally into a *premium supply zone* above 87,000.
#### *6. Supply & Demand Zones*
- *Supply zone* around 87K marked in red (potential reversal area).
- *Demand zone* marked below (around 79K), labeled as “Strong Low.”
#### *7. Fair Value Gap (FVG) / Imbalance (likely)*
- There's an area highlighted where price may return to fill imbalance or revisit a fair value level (though not labeled directly).
---
### *Price Action Patterns Observed*
- *Higher highs and higher lows* within the channel = bullish trend
- *Liquidity sweep* followed by *CHoCH and BOS* = typical smart money reversal play
- Projection indicates a *Wyckoff-style Spring* before pushing higher
---
### Summary:
This chart combines *smart money concepts, **liquidity theory, and **trend channels* to anticipate a move lower into liquidity before price rallies to higher supply. It reflects a *bullish outlook* after a corrective dip — very typical in institutional trading models.
Let me know if you'd like help building or backtesting this type of setup!
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Just for One More Smile © free
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.