$ETH - Possible to break lower Liquidity, FVG's $860 - *SMT*SMT= Smart Money Theory. Please see the related tutorial. Als in related ideas is the the call for the current BTC low and it was called over a month a head of time. as to the explanation of Smart Money. No Trendlines, no indicators, no moving averages, bear flags/bull flags harmonics., Elliot wave etc. Price attacks liquidity for one, and then it fills imbalances second. Additionally,all charts are manipulated period. Take everything you think you knew about technical analysis and forget it.
There are weekly and daily fair value gaps lower around the 860 to 790 area that the price could easily drop to after breaking sell-side liquidity. For one I've seen many posts calling for bullishness when there's been no confirmation of any BULLISHNESS in this chart. If you're following the herd, you migjt as well get ready for the slaughter. Do i Think the price will hit the lows I said? Maybe? Maybe not? But I know they are not going up anytime soon, at least until Tuesday or Wednesday when the weekly profile starts to take shape.
The Set up is also a dead giveaway. highest short around 1650, which was reaching up into the daily bearish order block.
As it sells off, when it tried to move back up it is immediately rejected by another order block. Measured with a fib From top to bottom The extension or standard deviation lands on the median of the fair value gap below the sell side liquidity. So by the time it hits 860 - 800 is when we might see the low as it fulfills the imbalance left by the fair vale gap years ago.
The only thing we can do is to wait ;)
Good Luck and Good Trading
-BodiesXWix - Smart Money Crypto
