BTC showed a 4% candle to the downside. It found intermediate support at 8843 USD with a tiny pullback only to the .236 fib line. After it got heavily rejected at 8200 USD It stayed well below the 9000 USD level, which gives us a solid selling signal in the short term. By looking at the weekly (see below), this formation looks like a solid weekly high has been...
Would be perfect to see market design liquidity right before mitigation play
DAILY INSTITUTIONAL CANDLE IS WHERE SMART MONEY BOUGHT TO SELL, LOOKING TO PLAY OFF THE MITIGATION. THERE IS A LARGE AMOUNT OF LIQUIDITY TO THE DOWNSIDE THAT GIVES US A PROBABLE TARGET.
Here we see a lot of equal highs and quite obviously retail traders got in seeing a resistance, putting their SLs right above the equal highs. Smart Money knows about Retail Mentality and they know where their SLs would be. They need these SLs to grab liquidity, the latest upwards movement cleared all the SLs, now I'm considering EU to go down as the banks have...
COT Data shows a good divergence for this pair I am shorting it.
An easy method that I'm using to anticipate whale behaviour. Identify stop hunts, messure how much the whales drove price up/down to run the stops, and then project the same distance x2 to x3 in the opposite direction to have an idea around what levels whales would like to take profit.