Get started

Ictstudent

IS THERE A BIG DUMP SET TO HAPPEN FOR BTCUSDT?I am back with another weekly analysis for Bitcoin. As the month ends, there will be large volatility in this trading week which is great for us traders. This week I am looking to short BTCUSDT at $20850. I am anticipating a nice dump to around $19500 price level where there is a strong Bullish Order Block. Below are my confluences for this trade setup: - Price is near the hourly Bearish OB which coincides with the Institutional Price Level of $20800 price level. - We can see that BTCUSDT failed to make a higher high after closing the 50% of the void that was left by $21 000. This shows a SMT Divergence as Smart money are looking to sell their BTC at Premium price. - Based on the US Dollar index (DXY) hourly chart, we can see that price failed to make a Lower low on Friday which means the DXY can rally to close some imbalances above current price level. As the DXY strengthens, BTC is expected to drop in value. - My target of $19500 is at Discount Price Array of the current hourly range we trading in. There is a Fair Value Gap that has to be closed as well as a Strong Daily Bullish by my target price. With this said, do manage your risk and i hope you have an amazing trading week ahead.
Short
by Evaliste
2
$ETH - Finds 1HR Breakers, FVG'S, & IOFED's *SMT**SMT* = Smart Money Theory. See Related Idea. Alright, it's the end of the week and we always see some bizarre movements at the end of the week. And the way Eth just found the previous breaker in my short call and that breaker acted as support (good thing I was paying attention and got out at 1311) and then sky rocketed out. That is know as an Institutional Order Flow Entry Drill, knowing as soon as it enters the fair value gap, it has the ability to spring out and run the opposite way it was going for a bit. That's why you see IOFED on your chart (Maybe) What goes up must come down... and fill the fair value gaps. Which is why I'm making yet another ETH call for the day. I rarely make two a week, but Sunday's are interesting as it is the end of the weekly candle and it tries to create a weekly profile. For price to retrace down into the bottoms of the a 15 min fair value gap, price may then return on the way back up, mitigating the fair value gap, and then aiming toward the double highs where there is a massive amount of liquidity, and breaking them. Will it close above them? If it does, next week will be interesting, I do think we'll see a liquidity run up first before we see the actual RUN (Liquidity run= when Price spikes into an unsuspected area and then continues in that direction) Example from earlier in ETH With out first selling off to give the retail traders some hope that what they were taught is going to work for them. The and the Millions of other people trading like that. Me, Nah, that's where they get ya. You start Selling at "Resistance "and it starts moving down and you think your safe. That resistance has a lot of sell limits near it, which means there's a lot of retail traders shorting it around that area. So if you have enough money to control the charts, how would you win? BUY into the liquidity, THE IDIOTS TRADING WITH 100-500 LEVERAGE WILL GET REKT IN NO TIME. and then their money is gone and give to those that bought into the liquidity. Because retail is taught to sell at "resistance", the Deep pockets will Play their game for a bit, just like they did last night with Ethereum. Then, As soon as price Action fills a fair value gap, between 1317 AND 1321, I wouldn't be surprised to see another blast off, then slow down and play the retail game, get retail baiting on the sell and then there goes your money as price flies up through "Support". IF YOU HAD THE ABILITY TO PUSH THE CHARTS AROUND, WHAT WOULD YOU DO? (15 min wide version) Lastly to defend my point, I'm looking at 1 broken Liquidity Level today, it's currently creating another and there's a 3rd just above it. I don't think it would fall just to com back and attack th0ose liquidity levels. Because price attacks Liquidity. Instead, I think it would go after all 3, and then fall, Because I'm still thinking it might try to get to the weekly/dialy fair value gap [s in the $800 range. What better way to do that than to fake out the public that you look like your going up. To me, it makes sense... but so did the last ETH call Lol. II know we're supposed to minimize risk but I think I might actually use 3.5% of my account for this trade, Split it up between 2-3 entrances? We'll see. Entrance - 1321.48 SL - 1313.16 TP - 1342.41 But Hey, I'm not a licensed professional so don't take anything that I say as advice. I'll keep us updated.. hopefully! Happy Sunday Ya'll KUCOIN:ETHUSDT COINBASE:ETHUSD CME:ETB1! CME:ETH1! BTSE:ETHUSDZ2022 CME:ETH1! CME:MET1! CME:EYB1! INTOTHEBLOCK:ETH_MINERTOTALFLOWS
Long
by BodiesXWix
1