The text "liquidity filled" near the top of the price spike suggests that this was an area where a large amount of buy or sell orders were executed, potentially completing transactions that had been waiting for the price to reach this level. Traders often anticipate such areas as potential turning points or areas of price stabilisation.
I'm watching the price action closely today as we approach the CME gap at $61.5k. We have not yet taken the previous high on the CME chart. The gap is still open a little bit. We've also accumulated some liquidity at about $57.2k. It is also wednesday, which is know for it's trend reversal.
On 1H TF I think BINANCE:WLDUSDT hunt order limit below the lower of channel Now, I expect price will retest before come back to contention Time will tell
In this idea, we are considering a stop-hunt to the GETTEX:59K region due to the CPI data coming out differently than expected. At 14:30 CEST to 16:00 you can expect a lot of volatility during this time. Liquidation charts show a cluster of about $1.2b at around $58.7k.
As you can notice on the chart, we have the market now playing ayound the Sell Stops area, our entry, TP and SL are gonna be on the levels shown on the chart. Follow fore more!
Seeing the scenario that bitcoin has failed to break above FWB:65K I saw the opportunity in that it did not make any new highs so I take advantage of the liquidity at $60k. Seeing that there may be a big congestion in the fall, I decided to take profits in three parts. BINANCE:BTCUSDT
HELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from HTF - MULTI TIME-FRAME ANALYSIS GBPUSD WEEKLY TF * With a bullish run last week, looking for continuation towards ERL. * With this weeks Bullish run open, an last weeks bullish run we could see continuation wuth the 🐮. * The weekly & daily TF show we are still showing signs of a bullish...
Wowza, what a week we just had! Sunday night the Yen carry trade started to unwind in a magnificent fashion. We came in on Monday morning with the NDX down 1k handles, and the VIX at 60. Most of this has corrected itself as NQ actually closed the week +60 handles - but there is something more sinister at play I fear. This week is going to be a HUGE DEAL for...
What a great fresh week of selling we just had! Last week I was looking for a slight bounce in NQ before running to our 18.5k target area - but they wanted to run is down there faster. We have been writing about this 18.5k area for MONTHS - I'm just glad we finally got the entry we wanted. To be clear - I think the next move higher in markets will cement...
The past 2 weeks of selling in the NDX has been exactly what I wanted to see on the weekly charts. We have been talking about a Tech sell off for a while- into a bottom ~ 18.5k where we can position for the BIG & FINAL Long entry - and we almost got it this week. The Nasdaq sold off this week finally filling the quarterly FVG that we have been looking for. ...
The past 2 weeks were what a lot of perma-bulls were citing as "market rotation" - when I honestly think it was nothing more than a short squeeze in small caps and on the Dow. This weeks post will be a lengthy one as I will cover many different asset classes - as it looks as though the market is setting up for a broad sell of. The Nasdaq came perfectly down...
Chart 1: XAUUSD 15-Minute Chart (July 19, 2024) Key Levels: Support: The chart shows a key support level around 2,415, highlighted by the blue horizontal line. Resistance: There is a resistance level near 2,457.920, labeled as "5M LQZ." Patterns: Descending Triangle: A descending triangle pattern is forming, which is typically a bearish continuation...
Greetings Traders! Current Market Analysis: At the moment, EURUSD is exhibiting multiple signs confirming a bearish institutional order flow. Key Observations: Divergence with DXY: Yesterday’s price action formed a divergence with the DXY (Dollar Index). Utilizing the Smart Money Tool (SMT), we recognize that such a divergence—where EURUSD and DXY,...
#OmiseGo #OmgUsdt movements have reached a very attractive point after being in reverse correlation with the general market movements. Liquidity intake, especially in the bottom regions, should be carefully monitored and opportunities for long positions should be sought. For optimum entry purposes, I also shared the order block formed in the 3-minute time...
We beautifuly took out Previous week high 20 points above! not random! Manipulation mapping with Distribution didn't dissapointed. 👁🗨 SMT divergence with ES was also very good confluence to do short-term reversal. Study that as me!
We beautifuly took out Previous week high 20 points above! not random! Manipulation mapping with Distribution didn't dissapointed. 👁🗨 SMT divergence with ES was also very good confluence to do short-term reversal. Study that as me!
YM possible low of the week right know. took out 30 points below old low and tapped H4 BISI and H4 IFVG.
New record highs on indexes!! The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself. The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow. I think we...