Key Smart Money Concepts in Bitcoin’s Uptrend
1. Market Structure: Higher Highs, Higher Lows
In Smart Money Concepts, market structure is crucial to determining the prevailing trend. For Bitcoin’s latest uptrend, a clear pattern of higher highs and higher lows has emerged on the charts, which is a classic indication of an uptrend in Smart Money terms.
Higher Highs (HH): Bitcoin has been consistently making higher highs, which signals the market is in an active bullish phase. This is a primary sign that the smart money has been accumulating positions during pullbacks, setting the stage for future gains.
Higher Lows (HL): Each time Bitcoin experiences a dip, the price has not been falling below previous lows. Instead, the dips are becoming shallower, confirming that buying pressure is consistently stepping in. This behavior suggests that large players are absorbing liquidity during these retracements before pushing the price up again.
Traders using Smart Money Concepts will look for the continuation of this pattern—where each subsequent high and low is greater than the previous one. If this structure holds, it signals the potential for more upside.
1. Market Structure: Higher Highs, Higher Lows
In Smart Money Concepts, market structure is crucial to determining the prevailing trend. For Bitcoin’s latest uptrend, a clear pattern of higher highs and higher lows has emerged on the charts, which is a classic indication of an uptrend in Smart Money terms.
Higher Highs (HH): Bitcoin has been consistently making higher highs, which signals the market is in an active bullish phase. This is a primary sign that the smart money has been accumulating positions during pullbacks, setting the stage for future gains.
Higher Lows (HL): Each time Bitcoin experiences a dip, the price has not been falling below previous lows. Instead, the dips are becoming shallower, confirming that buying pressure is consistently stepping in. This behavior suggests that large players are absorbing liquidity during these retracements before pushing the price up again.
Traders using Smart Money Concepts will look for the continuation of this pattern—where each subsequent high and low is greater than the previous one. If this structure holds, it signals the potential for more upside.
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.
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.