$ETH - SmartMoney Technique Idea
Updated
**Smart Money is the opposite teachings of what you're normally taught through retail - Everything is an algorithm. Price isn't random. There is no buying and selling pressure, there is no supply and demand... It's just an algorithm and the candles are the clues***
Not Much to think about except the Bullish Order Block aligns with the bottom of the 1-hour fir value gap which also aligns with the 61.8% of a 15 min fib. the 127% extension is the next high. Too many congruent things happening in the algorithm that this could be worth a shot. Part of me says it should be going lower for the discount price but we lready did that a few days ago and we may just be on a new trading level for Premium/Discount Pricing.
Not Much to think about except the Bullish Order Block aligns with the bottom of the 1-hour fir value gap which also aligns with the 61.8% of a 15 min fib. the 127% extension is the next high. Too many congruent things happening in the algorithm that this could be worth a shot. Part of me says it should be going lower for the discount price but we lready did that a few days ago and we may just be on a new trading level for Premium/Discount Pricing.
Trade active
Well I was Already in the trade I was just trying to find another entry. I cam close,Trade closed: stop reached
Had the 0 from the Fib in the incorrect Spot or I wouold've realized my mistake and possibly had the correct entry because it would've dipped into the 62$ instead pf the 50% as where I accidentally had it. Comment
Should've went to 15 min chart. It was an Institutional order flow entry drill on the Fair Value Gap.Next Time.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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