I Wanted to fully break down my thoughts on bitcoin. Trading zone to zone with the current trend as explained in the video is super helpful. NO indicators just pure market structure and price action. With a focus on order blocks. Happy learning!!! Would love some feed back on this breakdown
Very nice setup. No need for me to be greedy.. All lots are closed and the account has grown nicely. 3000 pip win.. keep it simple and study market structure
Price has been ranging from 107k to 102 k.. with rejection happening 3x at that key level and now making minor lower lows and lower highs.. I can see us getting to atleast 105 and possible back to that layer of support at 102k.
We got a great drop as expected as the selling pressure showed us during friday it had a minor choch and already took out buyside liquidity.. we are 3/4 to the final target.. Now the next important step is to manage your profits. This is where I would move my stop loss and or take 80% in partials leaving the remaining to run the course. Never let profits turn into...
I like this current buy setup. Price went bearish after breaking new highs and I expected some retracement. With price breaking the sellside liquidity creating a choch showing us signs the money makers might be ready for another bullish run. Even if we dont get a new high for now a nice buy seems like the next move. stop loss is set below the last order block that...
4hr (The analysis on the 4hr time frame is very similar to the one on the daily. We do have a little more price action. Price made a choch to the upside and now is retesting that 4-hr. order block. This level will need to hold, and I would like price to close back above .56566 to take a buy. And the sell entry also remains the same as I posted from my daily markup.
WEEKLY (On this time frame we are getting a closer picture of the price action that is happening at this key support level which has held strong since 2009. If we can get a break and retest underneath the support, we will have a nice sell setup. If I wanted to buy, Price would have to close back above 0.55985 or break and retest above 0.58719. and price may stall...
NZDUSD MONTHLY (currently at the monthly support and we have two more levels below. The last time those two levels were reached was in 2009 and 2002. If price breaks below .54000 we can possibly see price reach that level that was last reached in 2009. If the dxy starts retracing we can see price reverse and start to go bullish since we are at a strong level of support
Price is playing out nicely from out original entry. We have surpassed 99,000 very close to 100k. It is right below a key level of resistance. IF this level gets broken we have a great chance to see price continue bullish. I would love to see that extension area get reached around 112000. with market structure presenting higher highs and higher lows the uptrend...
Price played out nicely. we are currently breaking past the previous higher high. it would be great to see this bull run push to a new high, heading towards 112,000. the abc sequence is following the plan. we have the choch, followed by a new bos (break of structure). the bulls have made it clear they are in the market and ready for another run. this has great...
nas is still in our sell area. we got about 900 pips the first time it dropped. will price continue the sell flow or finally push up to break the current resistance area above. I am still leaning towards the sell because of the most recent choch.
we had a couple levels marked up and that gained us 900 pips off a beautiful snipe last night.. hopefully you caught some of that beautiful move before it reversed
we have a great sell off early monday... price has retraced back to that breakout level over the last couple of days. I like this entry area for that continuation sell.. took a while or the retracement phase to reach this level. this is a key resistance on the htf so unless it gets broken we should see a nice move to the down side
I added the fibb for visual. so now you are able to get a clear idea on which areas i am looking to enter. my two entry areas is the 75% close below the fibb level and also an entry near the fvg and orderblock. alerts have been set. which ever occurs first is the entry i will be taking
EXPECTING PRICE TO GO UP TO THE SUPPLY AREA TAP THE GAP OR THE ORDER BLOCK BEFORE THE REVERSAL/CONTINUATION PHASE. WILL ALSO BE CHECKING TO SEE IF IT CLOSE BACK BELOW FOR THE 75% FOR THE ENTRY FOR THE MAIN SELL. Expecting price to go up to the supply area and tap the gap or orderblock before the reversal phase. we will be also checking to see if price closes...
AT this time price has expanded and prepped us for a nice sell. the retracement phase seems to be almost complete. we still have a bit of room to reach the fvg and or orderblock. this is where we would have a great risk to reward if we can be patient and wait for price to reach our key level wait for price action to enter the sell on then next markup i will be...
I love smc and I see we have a large breakout to the upside for an expansion move..knowing a retracement phase was up next and I like to get a deep discount around 75% on the fibb which i did get.. so went to the 5 min and look for bearish engulfing pattern to be broken and have price close above it for the entry
after a choch out of the down trend into a bullish trend. price is currently in a retracement.. after the most recent break of structure (bos) i am looking for the main buy once price reaches that 75% area on the fibb. once that happens i will look for a candlestick combination like a raid and a bullish engulfing pattern to get back into the buy