GBPUSD: Exploring Potential Buy Opportunities LDN SessionCurrently, GBPUSD exhibits bullish institutional order flow . Despite a primary sell-side objective, I anticipate GBPUSD to target the m15 Inducement Order Block to fill the Liquidity Void. Additionally, I foresee it taking the H1 Buy Stops, serving as our Draw On Liquidity.
I will initiate a confirmation entry to capitalize on this bullish opportunity.
Kind Regards,
The_Architect
Liquiditypool
GBPUSD: Exploring a Possible Sell OpportunityAt present, prices are at extreme premium levels, with a notable reaction from a premium m15 Order Block , in mitigating the Order Block we also filled the Liquidity Void left by yesterdays CPI News Release . A market structure shift (MSS) has occurred, suggesting a potential reversal as we aim to target the H4 Sell Stops, our Draw On Liquidity.
Additionally, there's a possibility of capitalizing on the m15 Buy Stops , particularly as it aligns with the Asian High . Should the H1 Breaker Block fail, I will consider selling against the m15 Buy Stops upon confirmation.
Kind Regards,
The_Architect
NQ Power Range Report with FIB Ext - 3/1/2024 SessionCME_MINI:NQH2024
- PR High: 18082.50
- PR Low: 18044.75
- NZ Spread: 84.25
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Knocking on door of ATHs
- First day of month on a Friday
- Above week highs
- Previous attempt to push ATHs failed same day
- Should have more excitement for ATH break
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 233.32
- Volume: 32K
- Open Int: 294K
- Trend Grade: Bull
- From BA ATH: -0.01% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 2/7/2024 SessionCME_MINI:NQH2024
- PR High: 17662.75
- PR Low: 17646.00
- NZ Spread: 37.25
Key economic calendar events
10:30 | Crude Oil Inventories
13:00 | 10-Year Note Auction
Prev session faded into daily inventory
- Trading inside range of prev 3 sessions
- Maintaining high and low liquidity
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 228.54
- Volume: 25K
- Open Int: 285K
- Trend Grade: Bull
- From BA ATH: -0.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
GMX : How to detect REVERSAL PATTERN ??GMX has been trading within a significant horizontal range since May 2023, experiencing rebounds from both the lower and upper boundaries. The recent attempt to break out and subsequent sharp decline raises the possibility of a retest of equal lows around $42. Anticipating this retest and observing liquidity dynamics could provide insights into the potential for an upward move.
🔄 Horizontal Range Trading Analysis:
The extended period of trading within a horizontal range highlights a balanced market sentiment, with buyers and sellers engaged in a tug-of-war. GMX has shown resilience in bouncing off both the lower and upper boundaries, but the recent failed attempt at a breakout led to a notable decline.
📉 Failed Breakout and Retest Anticipation:
The unsuccessful attempt at a local breakout followed by a sharp decline suggests a temporary imbalance in favor of sellers. Anticipating a retest of equal lows around $42 becomes plausible, considering historical price action within the range.
🔍 The Significance of Liquidity:
The concept of liquidity becomes crucial in understanding potential market movements. The anticipation of a retest at $42 implies a zone where liquidity may accumulate. Observing the reaction to this level and the subsequent behavior of liquidity can offer valuable insights into the potential for a bullish reversal.
🚀 Potential Scenarios:
Equal Lows Retest: A retest of equal lows around $42 would be a critical juncture. The market's reaction to this level, especially in terms of liquidity dynamics, would provide indications of buyer interest.
Liquidity Accumulation: The accumulation of liquidity at the retest level could act as a catalyst for a potential upward move. Increased buying interest and a shift in the balance of supply and demand could signal a reversal.
Confirmation of Reversal: Traders should await confirmation, such as a sustained move above resistance levels and the establishment of higher highs, to validate the potential for a bullish reversal.
💡 Trading Strategy:
Traders considering GMX should exercise caution and await confirmation signals. Entering a position near the anticipated retest level could offer a favorable risk-reward ratio. Implementing stop-loss orders below key support levels is advisable to manage risk effectively.
🔮 Future Outlook:
The technical analysis suggests that GMX is at a critical juncture, with the potential for a retest of equal lows around $42. Traders should closely monitor the price action, liquidity dynamics, and confirmation signals to navigate potential opportunities for a bullish reversal. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions.
BTC - HUGE LIQUIDITY POOL ! MANIPULATION TO GROW FASTERBitcoin's (BTC) recent month-long consolidation within a range has presented traders and investors with a unique set of challenges and opportunities. The repeated removal of liquidity from the upper levels of the range has been a notable strategy, but a shift in approach—removing liquidity from below—could be a catalyst for sustained upward momentum, aiming for the $55,000 level.
📉 Range-Bound Trading Analysis:
The month-long consolidation in a range suggests a period of indecision in the market. During this time, liquidity has been consistently extracted from the upper levels, indicating a reluctance for a sustained breakout. To break out of this range and pursue higher price targets, a change in liquidity dynamics may be necessary.
🔄 Shifting Liquidity Strategies:
While removing liquidity from the upper levels has been effective in maintaining the current range, a shift in strategy to extracting liquidity from below could serve as a game-changer. Creating a substantial liquidity pool at lower levels can potentially act as a strong support, making it less likely for the price to revisit those levels and allowing for a more sustainable upward move.
🚀 Targeting $55,000:
To propel Bitcoin toward the $55,000 level, a strategic placement of liquidity pools at lower levels becomes crucial. This approach aims to discourage significant downward moves and provides a solid foundation for sustained upward momentum. The market's ability to hold above key support levels created by these liquidity pools is essential for achieving the targeted price.
💡 Trading and Risk Management:
Traders and investors should carefully monitor the effectiveness of this shift in liquidity strategy. Confirmation of increased buying interest, rising trading volumes, and a successful defense of lower support levels can provide the necessary signals to justify the approach. Risk management remains paramount, with stop-loss orders and exit strategies in place to mitigate potential losses.
🔍 Key Considerations:
Liquidity Shift: Evaluate the impact of transitioning from extracting liquidity at the top of the range to creating substantial liquidity pools at lower levels.
Support Formation: Assess the effectiveness of the new liquidity strategy in forming robust support levels, especially in the context of preventing significant downward moves.
Confirmation Signals: Look for confirmation signals such as increased buying interest, rising volumes, and sustained price action above critical support levels.
Risk Mitigation: Implement effective risk management measures to safeguard against unexpected market developments.
🔮 Future Outlook:
The success of this liquidity strategy shift will likely play a crucial role in Bitcoin's ability to break out of the range and target higher price levels. Traders and investors should remain vigilant, adapt their strategies to evolving market conditions, and be prepared to adjust course based on real-time data and developments in the cryptocurrency landscape.
Fair Value Gap Trading StrategyFair Value Gap Trading Strategy
To implementing a fair value gap as a trading strategy you need to understand these three basic components of this trading strategy.
Time
Liquidity Hunt
Market Structure Shift
Fair Value Gap
Let’s begin by discussing the importance of time in trading. According to ICT Trader, time is considered to be fractal, meaning that what happens on higher time frames is reflected in lower time frames if studied in the proper context.
In this context, fractal refers to the idea that patterns and behaviors observed on longer time frames, such as daily or weekly charts, can be seen in shorter time frames, like hourly or minute charts.
By studying price action and market behavior across different time frames, traders can gain a deeper understanding of market dynamics and potentially identify profitable trading opportunities.
Time indeed holds significant importance in the fair value gap trading strategy, particularly when it comes to identifying favorable trading setups. Despite the forex market being open 24 hours a day, not all times present ideal conditions for executing fair value gap trades. That’s where the concept of ICT Kill Zones comes into play.
ICT Kill Zones
ICT Kill Zones refer to specific time periods during the day that have been observed to offer higher probability trading opportunities. These zones are associated with the entry of smart money, which are institutional or banks who have the ability to influence market direction.
In short, ICT Kill Zones correspond to specific time periods during the day that are particularly relevant for trading activities. These zones include the London Open, London Close, New York Open, and New York Close.
Traders using the fair value gap trading strategy often focus on these times as they tend to offer higher probability trading setups. The ICT Kill Zones are associated with the entry of smart money and can provide enhanced opportunities for traders to capitalize on market movements. By aligning their trading activities with these specific time periods, traders aim to improve their chances of success.
Liquidity in FVG Trading Strategy
Liquidity in the market often takes the form of buy stops and sell stops.market makers or smart money intentionally trap retail traders by manipulating prices to trigger their stop losses.
The idea is that they move the market in one direction to hunt for stop losses, causing retail traders to place orders in the false direction and set their stop losses at key levels. After the stop loss hunt, the market reverses in the opposite direction, benefiting the smart money.
Let’s analyze the above chart from a retail trader’s perspective. When we observe the chart, we notice that the price levels between 44240 and 44280 have proven to be strong resistance in the past.
Based on this observation, many retail traders might place their selling pending orders to anticipate of a price reversal at these levels. To manage their risk, they would likely set their stop loss orders just above this resistance area.
What is done by market makers or smart money,they could manipulate the market by initially pushing the price upward, deliberately triggering the stop loss orders placed by retail traders. This action would cause some retail traders to think that a breakout is occurring and prompt them to place buying orders while setting their stop losses at levels below the resistance area.
Once the stop loss orders have been hunted and triggered, the market makers or smart money may then reverse the price direction.
Enhancing Trading Success with the Fair Value Gap Entry Strategy
After a liquidity hunt on a higher time frame, you suggest switching to lower time frames such as 15 minutes, 5 minutes, 3 minutes, or even 1 minute to identify certain patterns that may emerge following the stop loss hunt. These patterns include:
1.Sudden or sharp price movements: Following the liquidity hunt, you may observe rapid and significant price fluctuations on the lower time frames.
This sharp movement causing market structure shift and provide an extra confluence.
2. Fair value gap (FVG): Look for gaps between the current price and the fair value of the asset. The fair value represents the equilibrium price based on various factors. Identify instances where the market price deviates significantly from this fair value.
3. Entry position based on the Fair Value Gap strategy: Once you spot a fair value gap pattern after the liquidity hunt, you can consider taking a position in anticipation of the market filling that gap. The expectation is that the market will eventually return to the fair value price.
It’s important to carefully train your eyes to recognize these patterns after a liquidity hunt and patiently wait for the market to come back and fill the identified gap. Once you have identified a suitable entry position, you can place your stop loss order above the first candle to manage your risk.
Please note that implementing such strategies requires careful analysis, experience, and a deep understanding of the specific market you are trading. It’s crucial to conduct thorough research, backtest your strategy, and consider other factors that may influence price movements before making any trading decisions.
🔄 ETC vs ETH Liquidity pool compariosnEthereum Classic (ETC) and Ethereum (ETH), two prominent cryptocurrencies, often find themselves compared due to their shared history. An intriguing aspect of their comparison is the formation of a similar liquidity pool from below, providing valuable insights into their respective price actions.
📉 Common Liquidity Pool Formation:
Both ETC and ETH experienced the creation of a substantial liquidity pool from below, a phenomenon that typically precedes significant market movements. This liquidity pool acted as a catalyst, setting the stage for a potential upward surge.
🔄 Diverging Paths:
Despite the shared liquidity pool formation, the subsequent actions of ETC and ETH diverged significantly. Ethereum Classic (ETC) managed to seize a considerable portion of this liquidity, leading to a robust price rally. In contrast, Ethereum (ETH) opted for a different trajectory, establishing a higher low and retaining a portion of the liquidity.
🚀 Ethereum Classic (ETC) Performance:
ETC showcased notable strength, evidenced by its impressive surge of over 70%. The strategic utilization of the formed liquidity pool contributed to this bullish momentum, making ETC an attractive option for traders and investors during this period.
📈 Ethereum (ETH) Resilience:
Ethereum (ETH), opting for a conservative approach, demonstrated resilience by forming a higher low and retaining a portion of the liquidity pool. While ETH experienced positive price action, the magnitude of the surge was comparatively moderate, registering an approximately 30% increase.
🔍 Key Takeaways:
Differential Strategies: ETC and ETH employed different strategies in responding to the formed liquidity pool, influencing their subsequent price movements.
ETC's Aggressive Rally: ETC's more aggressive approach in capturing liquidity translated into a robust price rally.
ETH's Conservative Stance: ETH, adopting a more conservative stance, showcased resilience but with a relatively milder price increase.
🔮 Unlock Exclusive Insights:
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Note: Cryptocurrency markets are dynamic, and past performance is not indicative of future results. Traders are advised to conduct thorough research and exercise caution in their investment decisions.
How Manipulations will help us to get 50K ?? In the ever-evolving landscape of Bitcoin trading, the king of cryptocurrencies is showcasing a strategic dance within an ascending range. Bitcoin's adept utilization of liquidity grabs, especially the recent one from the lower end of the range, sets the stage for a potential surge towards the $50,000 mark.
Key Observations:
Ascension in an Ascending Range:
Bitcoin is currently navigating an ascending range, a pattern characterized by higher lows and higher highs.
This range-bound behavior provides a fertile ground for tactical maneuvers that capitalize on liquidity imbalances.
Liquidity Grabs as a Strategic Play:
Bitcoin has been adeptly executing liquidity grabs, feigning breakouts to capture liquidity from both ends of the range.
These maneuvers not only create volatility but also serve as a means to accelerate price movements.
Recent Liquidity Grab from the Lower Range:
Fakeout Below Support:
Bitcoin recently executed a fakeout below the lower boundary of the range, triggering concerns of a breakdown.
This move lured in sellers and initiated a cascade of stop-loss orders.
Strategic Liquidation and Bounce:
The fakeout led to the liquidation of short positions, providing liquidity for savvy market participants.
Bitcoin swiftly bounced back, recapturing the lower boundary and leaving in its wake a trail of squeezed short positions.
Implications and Future Outlook:
Speeding Towards $50,000:
The recent liquidity grab from the lower range, coupled with the subsequent rebound, sets the stage for a potential surge.
Bitcoin enthusiasts and traders are eyeing the $50,000 level as the next significant milestone.
Volatility Breeds Opportunities:
The series of liquidity grabs within the ascending range create an environment ripe for traders to capitalize on short-term fluctuations.
Traders employing nimble strategies can leverage the heightened volatility for tactical entries and exits.
Strategies for Traders:
Range-Bound Strategies:
Traders can consider range-bound strategies, anticipating bounces from support and resistance levels within the ascending range.
Monitoring Key Levels:
Keep a watchful eye on key levels within the range, as breakouts or breakdowns from these levels could signal the next directional move.
Conclusion: Navigating Bitcoin's Liquidity Chessboard
Bitcoin's adept utilization of liquidity grabs within the ascending range reveals a nuanced approach to market dynamics. As the cryptocurrency aims for the $50,000 threshold, traders should stay vigilant, ready to adapt their strategies to the unfolding chessboard of liquidity.
🌊 Ascending Range Tactics | 🚀 Strategic Liquidity Grabs | 💡 Navigating Volatility for Profits
💬 Share your insights on Bitcoin's recent moves and your strategies for navigating its journey towards $50,000! 🌐✨
GBPUSD 1.26667 - 0.13% SHORT IDEAHELLO TRADERS
Last Day of the week hope everyone is good.
A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR
* With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side.
* A Retracement towards the daily open into the imbalance would be great before continuation..
* Relative equal lows as targets + the bullish FVG BELOW
* DXY possibly bullish for the day.
15 MIN GBP/USD
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀
Analyzing LINK's Chart: Ascending Channel and Liquidity Game
Ascending Channel Dynamics:
Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement.
Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern.
Strategic Liquidity Sweeps:
Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps.
Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration.
Trading Strategy Insights:
Retesting the Waters:
Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point.
Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move.
Catalysts for Growth:
Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms.
Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation.
Price Projection:
Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20.
Conclusion:
Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements.
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Bitcoin(BTC): Waiting For 44,500 Zone To Be Reached! The fifth day of this week is showing us some further movements towards the upper resistance zone, while yesterday we also had a nice liquidity movement to the lower zones (liquidation hunting).
We are still waiting for this zone to be reached on BTC before any significant movement to lower zones (potentially reclaiming many unfilled gaps down there!).
BNB: Identifying Sniper Entry Points 🎯Unlocking the art of sniper entries in the crypto market involves the strategic identification of substantial liquidity clusters on one side, serving as potential catalysts for trend reversals. Let's explore this concept using a recent example from Binance Coin (BNB) to understand the power of precision entries. 🎯📊
Sniper Entries Decoded:
Definition: Sniper entries refer to pinpointing optimal entry points in the market, often by identifying significant concentrations of liquidity on one side of the order book.
Case Study - BNB Snapshot:
Scenario: BNB exhibited a range-bound movement, and a crucial moment unfolded as liquidity dynamics shifted.
Key Observations:
Liquidity Accumulation: A considerable accumulation of liquidity on one side (e.g., sell-side liquidity) can act as a precursor to a trend reversal.
Range Breakdown: The removal of the range high (upper boundary) and subsequent testing of the imbalance level signaled a shift in market dynamics.
Key Takeaways:
Identifying Liquidity Clusters:
Look for instances where liquidity is noticeably concentrated on either the buy or sell side.
Significant liquidity clusters can act as potential turning points in the market.
Range Dynamics:
Pay attention to price movements around key range levels.
Breakdowns and subsequent tests of range boundaries can provide valuable insights into market sentiment.
Implementing Sniper Entry Strategy:
Wait for Confirmation: Exercise patience and wait for confirmation, such as a range breakdown or imbalance testing, before considering entry.
Precision Timing: Optimal entries often occur just above/below key range levels, maximizing the potential for favorable price movements.
Conclusion:
Mastering sniper entries involves a keen understanding of liquidity dynamics and recognizing when significant concentrations may trigger trend reversals. The BNB example showcases how identifying liquidity accumulation and strategic entry points can enhance your trading precision.
Wishing you sniper-like accuracy in your entries!
Happy trading,
🌐
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Possible ES longs after Area of Interest Reached
daily- price trade into a BISI creating a swing low possible DOL is at high
4hr-4hr sell side taken in Asian low after going into daily bisi, followed by a break creating a bullish ob
1hr- 1hr BISI There are two areas I'm interested in possible longs, I am favoring the lower 1hr bisi because it takes out the Asian session low, of course, I will need to see a lower time frame market shift once areas are hit
two things that move price is running to liquidity, or re-balancing and re-pricing to an old inefficiency apart from that its manual intervention
Hint: if your pd array fails and the price goes back and re-test after you re-analyze the market from the TDA approach you can take a potential trade from an inverse perspective.
INJ : 🎨 Art of Liquidity ManipulationEver wondered how some assets, like Injective Protocol (INJ), seem to move with precision, exploiting both bulls and bears? It's not just about market sentiment; it's about the strategic use of liquidity. Let's unravel the art of liquidity manipulation and explore how INJ leverages it to orchestrate its price movements. 📈💧
INJ's Liquidity Utilization:
INJ has mastered the art of leveraging liquidity to dictate its price direction. Liquidity, in the form of stop-loss orders, acts as fuel for significant price movements. The recent breakout from consolidation is a prime example, revealing how INJ strategically accumulates and deploys liquidity.
Gathering Liquidity at Lower Levels:
Before a notable move, INJ often engages in a process of gathering liquidity, especially at lower price levels. This involves triggering stop-loss orders and accumulating buy/sell interest, creating a pool of liquidity that can be used later.
Explosive Moves:
Once the desired amount of liquidity is amassed, INJ has the potential to make explosive moves. Breaking out of consolidation or initiating a strong trend becomes more feasible as the market dynamics shift in its favor.
How Manipulations Work:
Triggering Stop-Loss Orders: INJ often initiates moves to trigger stop-loss orders placed by retail traders. This allows for the collection of liquidity and positions INJ strategically.
Building Momentum: The gathered liquidity serves as the fuel to build momentum in the desired direction. This could be upward for a bullish move or downward for a bearish one.
Precision Timing: INJ's ability to time these movements with precision adds to the effectiveness of the manipulation. This timing is often influenced by market conditions, news, or strategic considerations.
Trading Amid Manipulations:
Awareness: Recognizing patterns of liquidity accumulation can help traders anticipate potential price movements.
Caution with Stop-Loss Orders: Be cautious with placing stop-loss orders at obvious levels, as they might be targeted during liquidity manipulations.
Adaptability: Stay adaptable in your trading strategy, as the market dynamics influenced by liquidity can change rapidly.
Conclusion:
INJ's utilization of liquidity manipulation is a fascinating aspect of crypto trading. As you navigate the markets, understanding these dynamics can provide valuable insights into potential price movements.
May your trades be astute, and your strategies resilient in the face of market manipulations.
Happy trading,
🌐
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The August 2023 Deja Vu? Fractals🔄🔄🔄 The crypto market often takes us on a rollercoaster ride, and it's during moments of similarity that we can draw valuable lessons. The current situation in the crypto space is strikingly reminiscent of August 2023 when Bitcoin (BTC) traded within a range but only made local highs without attempting to revisit the lows. This eventually led to a local dump. Today's chart seems to echo the past, and it's essential to be prepared for various scenarios – both upward and downward. Let's delve into the similarities and potential outcomes. 📈📉
The 2023 Recap:
In August 2023, Bitcoin found itself in a range-bound situation. It repeatedly marked local highs but showed reluctance to retest the lows. This pattern created a sense of complacency that the price would only continue to rise.
The Present Resemblance:
Fast forward to the present, and the chart appears eerily similar to that of August 2023. Bitcoin is once again caught within a range, and it's been marking local highs without revisiting the lows. This scenario is fueling both bullish and bearish sentiments.
The Dual Scenarios:
As history has taught us, it's essential to be prepared for both scenarios. In this situation, there are two possibilities:
Upward Movement: The price could eventually break out of this range and embark on an upward journey. Local highs might turn into strong support, leading to a bullish rally.
Downward Correction: Conversely, a failure to revisit the range's lows could lead to a local dump, where the price corrects to more attractive levels.
Trading Strategy:
Vigilance: Keep a watchful eye on Bitcoin's price action and how it interacts with the range boundaries.
Risk Management: Implement strong risk management practices, especially given the market's volatility.
Stay Informed: Be aware of the fundamentals and any news that could impact Bitcoin's price.
Conclusion:
The crypto market is a realm of repeating patterns and unexpected twists. As you navigate the current situation, remember the lessons from the past and prepare for both bullish and bearish scenarios.
The key to successful crypto trading lies in vigilance and adaptability. Stay informed, trade wisely, and may your strategies lead to success.
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Liquidity - How to easily spot it!Here's how you can easily use liquidity to create wealth 🤑
Knowing how to identify liquidity is an important aspect of trading that shouldn't be overlooked, BUT contrary to popular belief, it's not the greatest thing since sliced bread...
It does have its significance and it's place, but understanding WHY "liquidity" is formed is more important than the WHERE ...
Once you know why, you can slay hard every single day!
Follow me for more educational posts and market analysis:)
Anyway, that's all for now,
Hope this post helps and as usual...
Happy Hunting Predators
🦁🐯🦈
#DXY more bullish outlookHello, everyone. I hope you're all having a great week.
Let's analyze the DXY chart and try to make some predictions for the upcoming week.
Last week, the price was rejected from the important low indicated on the chart and also established a new 4-hour high, as evident in the chart. Consequently, the market structure in the 4-hour time frame is now in alignment with the higher time frame, daily market structure, and they both exhibit a bullish trend.
Given this scenario, our primary interest lies in taking long positions in high-probability trading zones. These zones could be around the short-term low marked with an arrow or during a pullback to the broken short-term bearish trendline.
In the meantime, as we await the price to reach these levels, we will closely monitor the market. Once the price approaches these areas, we will be looking for confirmation signals before considering our trades.
FANTOM BULLISH SETUP🚀🚀🚀The Liquidity Abyss:
At the lower price levels, FANTOM (FTM) presents a peculiar scenario: a deep well of liquidity that seems resistant to being outmatched. This situation can be seen as the result of strategic market dynamics and could pave the way for a promising uptrend. 🌊🚀
Imbalance as a Catalyst:
The key to unlocking the bullish potential lies in mastering the weekly imbalance at the $0.5 level. An imbalance refers to a situation where a significant excess of either buy or sell orders accumulates at a specific price point. Breaking through this imbalance can trigger substantial price movements. 📊🌕
Trading Strategy:
Monitor Weekly Imbalance: Keep a close eye on the weekly imbalance at the $0.5 level. A successful conquest can be a defining moment for FANTOM's price.
Risk Management: Implement solid risk management strategies to protect your investments in the event of unexpected price movements.
Fundamental Awareness: Stay updated on FANTOM's fundamentals and market news that may influence its trajectory.
Conclusion:
FANTOM's journey reflects the intricate dance of liquidity and imbalances in the cryptocurrency market. The promise of a bullish surge, driven by a well-timed strategic move, is an enticing prospect.
Remember, the crypto market is rife with complexities, and the potential for manipulation always exists. But, with a keen eye, a well-thought-out strategy, and a cautious approach, you can navigate these waters effectively.
The liquidity abyss might just be the starting point for a remarkable journey ahead.
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Weekly Outlook - SPX 10-22-23 Weekly Chart:
We gapped up last week only to trade near last week's high and into the W-FVG(MT). Price failed to continue the move up. We are down for the month and this week's candle has opened inside of last week's candle. Staying bearish for now with last week's low at risk PWL and 10/2-10/6 PWL as well. Getting a bullish short term move into the last up close candle would be where I'm looking for setup unless we go after the PWL first.
Weekly Chart:
Daily Chart:
Opened to the upside is likely my short term bias and I'm okay with seeing prince move into the D-FVG above Friday's PDH. However, just given the proximity oof Friday/PWL (previous week low) this is the first place at risk to be taken out. 10/4 is holding the next PWL target if Friday's PWL is taken out.
Daily Chart:
4H Chart:
As we push up short term, I'll be looking to see how price pushing and if we reach into this 4H-OB during the over night sessions. That will be my first POI to determine how we setup Monday morning. We don't have a swing low from the weekly to the 4H so far so this still plays into this pushing to the downside a bit more.
4H Chart:
1H Chart:
Short term focus will be how we move, if we move into this 1H-FVG, take out the +LP above Friday's closing session high, or if we move immediately after the PWL. Overall I'll be paying attention to the short term move but looking to see if I can get into a HTF setup.
1H Chart: