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Post FOMC 2.2.23We have left some imbalances behind following yesterdays explosive move that need to be cleaned up prior to continuation. $META 40bln buyback may put a dent on any dip adds and we could continue right at the open into BSL. I'd be looking to fade this initial move if so back to value. On the hourly we have what appears to be a large BISI (buyside imbalance - sell side inefficiency) and multiple FVG's (Fair Value Gaps) within. Below equilibrium is our return to discount, so those are the FVG that I find the most interesting. I do like to mix in Volume Profile with ICT concepts as it is a tool that I have grown to love over time. Yesterdays Point of Control comes very close to the FVG+ I have in interest. Long story short, I'm bullish but will fade any opening rally until we get a return to premium to pivot back long intraday. The short must have a BoS- with displacement to the downside at a key reversal time. We don't get in front of this just because. Control the drawdown. CME_MINI:ES1! yday for reference:
CME_MINI:ES1!
by GammaLabs
$BTC Broke Structure-Weekly Bearish Order Block Rejection *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. Bitcoin has made a mad dash this week crawling on top of a Daily Fair Value Gap. But if you look at the weekly chart, it has just touched the Weekly Bearish Order Block which should reject it eventually. However, with the new u [rising this past week Bitcoin did break structure and I have marked that in the main chart. There is also a Breaker just below it. So this could take a few days to unravel but I think It will start to fall getting a lot of retail traders to chase it as a Short. When price stops just at the Bullish Breaker Area of 38767.57 on the coin base Chart. Here is the weekly where you can see the smart money Bearish order block weekly rejection. So Again, watch for that rejection and expect retail traders to bit short on it and the chart should turn around at the breaker area. That low point would probably happen by Tuesday/Wednesday this week as it starts to create a new weekly profile. Let me know what you think or if you think it will drop and not come back up? Happy Trading! = Bodies X Wix BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:BTCUSD BITFINEX:BTCUSD FTX:BTCUSD GEMINI:BTCUSD OANDA:BTCUSD TRADESTATION:BTCUSD KUCOIN:BTCUSDT PHEMEX:BTCUSDT OKEX:BTCUSDT COINBASE:BTCUSDT POLONIEX:BTCUSDT FTX:BTCUSD
COINBASE:BTCUSDLong
by BodiesXWix
Using the Fibs as Overbought and OversoldI used the latest swing high and swing low. My bias was short so I looked for a premium price to sell from. From the 50% and above are premium prices, next I looked for the candle responsible for an impulsive move down. Marked that candle. Also on the M5 I noticed a clean high, and I used the entry method of A STOP RAID as an entry. And the M1 gave me a bearish divergence solidifying the sell. Aimed for old lows to take profit or used the levels on the Fibonacci to take profit.
CME_MINI:ES1!Education
by OpeyemiJonah