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SMI MFI Indicator: A Game Changer 💰📊 SMI MFI Unwrapped: The SMI MFI (Smoothed Money Flow Index) is a technical indicator that blends the Money Flow Index (MFI) and the Stochastic Momentum Index (SMI). It provides a unique perspective on market sentiment and momentum. 🔄 Understanding Global Reversals: The SMI MFI indicator is particularly valuable for identifying major market turning points. It can signal when Bitcoin is transitioning from a bearish trend to a bullish one, or vice versa. 🌟 Key Features: What sets SMI MFI apart is its ability to smooth out noisy price data, making it more resilient to false signals. It offers a clearer picture of money flow and momentum. 🔍 How to Utilize It: Traders and investors can use the SMI MFI indicator as a tool to time their entries and exits strategically. When it shows significant divergence from Bitcoin's price movements, it may indicate a potential trend reversal. 🔮 Navigating Crypto Markets: Keep in mind that while the SMI MFI indicator can be a valuable addition to your trading toolbox, it's essential to conduct comprehensive research and risk management before making any trading decisions. In conclusion, the introduction of the SMI MFI indicator adds a new dimension to the world of crypto trading. It has the potential to become a valuable tool for spotting global market reversals in the dynamic Bitcoin landscape. Stay tuned, stay analytical, and remember – in the crypto world, being ahead of the curve can be a game-changer! 🌐💰
INDEX:BTCUSD
by AlexWhale
New week, new opportunities!I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to break H4 structure and if it does, the next demand that I’ll be paying attention is around 1.075. As traders, we need to take into consideration different scenarios and how to act upon them. So here’s how I’ll trade next week. If price starts breaking bellow Fridays low, I’ll start looking for shorts aggressively and considering the possibility that it will reach 1.075. When it does, I’ll look for longs, because price should take liquidity from above, before continuing with bearish momentum if that’s the case. Also important to notice that level is inside weekly demand and if it breaks, the bearish momentum would be very aggressive. I don’t consider that as likely to happen, unless there’s some catalyst from high impact news. The other scenario that I’ll be looking for, is price holding Fridays low and continue higher to take the liquidity as mentioned above. In that case, I’ll consider shorts from around 1.097 BUT since price is coming from daily demand it will depend on how it gets there and even if I take positions, I’ll manage my expectations about the results. Monday and Tuesday don’t have any high impact news, which is perfect for price to grind higher, which is my main expectation for the beginning of the week. Wednesday there’ll be PMI data on EU and US, should be very volatile. Thursday, unemployment claims from the US and Friday consumer sentiment and Powell speech after. The goal is to remain truthful to the plan and enjoy trading for what it is!
Long
by CirculoForex
SMC analysis on GMT/USDT (Bearish!!!)Hello guys ,Today i found a great opportunity on GMT with SMC. the price is trying to breakout the trend line.(wait for the pullback) open your position when price breaks the last LL(new CHOCH) and pullback to the trend line.(open your sell position at 0.2200) the SL should be above the local green channel.(SL at 0.2225 is a good choice) we have a FVG between 0.2075 and 0.2085, you can close the position at FVG. it's just an idea , always do your research and analysis. don't forget to follow and boost this idea :) thank you.
Short
by Crypto2021_2021
GBPUSD LONG (SMART MONEY CONCEPT)GBPUSD has been in an uptrend for a while and the order flow can still be seen to be heading north. Recently, the pair broke structure again to the upside as indicated here by the blue line before heading down south to the demand zone that initiated the break of structure (Last down move before the up move). Price has now changed character and broken structure again. Our next liquidity target now is 1.2550 which we expect to get taken out this week. The liquidity target also coincides with a trendline coming from higher time frames. Look for opportunities to get involved in the LONG from lower timeframes like 15 mins. Remember to always practice good money and Risk management.
Long
by tonyeiyetan