Imbalance
Formation of clean bullish Wolfe Waves on BitcoinBullish Wolfe Waves appear on Bitcoin's 1 hour chart. This could be an indicator for short term reversal. Point 5 having a relative increase in trading volume makes me more confident in this setup.
I would be using the 1-hour Fair Value Gaps / Imbalances as areas to take some profits with my last target being the local high marked with a green line. Golden pocket doesn't look that significant as it was visited with a reaction prior but we might see another retracement there or from an area close below it if we decided to dive a bit deeper with point 5.
Bear in mind that FOMC is really close (pun intended!) and an interest hike might mess things up for those longing.
Trade safe.
Continuation or sell off? US30 - Higher timeframe outlook:
Price coming into weekly downtrend supply along with filling a nice imbalance, good potential zone for a reversal, however price could continue bullish all the way towards the D point of the crab filling these imbalances before closing back below the weekly structure, (As daily and 4H are both bullish).
If we fail to break the 1H/4H lows i'm going to look for buys towards that D point as Crypto/stocks have been super bullish this week too, and the rally could continue, however if we start failing highs/breaking structure i'll look for sells, will keep an eye on structure and market sentiment!
This crab is quite probable though, one of my favorite harmonics to trade for reliability especially the C/D leg for direction, but if this pattern completes without any major pullbacks it will be a more or less guaranteed big swing back down, so 100% get alarms on that D point zone! (Probably for next week if it completes so no rush there!)
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Nas Intraday LongLQ above, asian sessions to be swept below, closing the imbalance/structure below to go higher
#Eth PullBack - Two Options that could Happen according to SMTSMT is Smart Money Theory - Please see my previous published posts for the definition.
We have the price coming back down to fill the 4 hour fair value gap void (1315-1288). If it happens to get below that The Second option would be the Fair Value gap below that (1182-1148). It could reach higher before it falls back to these areas. But price always seeks imbalances and liquidity.
Good Luck and Happy Trading
XAUUSD SHORT-TERM BUY(INTRA DAY DRILL)XAUUSD has been dropping targeting sell stops as of our weekly bias but still gives short-term opportunities for buyers on the market before a rebound of price towards the sell stops since price is has to neutralize its efficiencies to the upwards IMB so as SELLERS could attain good momentum to the downward
Imbalance, POI, and Confirmation entry back test/case studyThis video is longer than my usual however I explain what an Imbalance is and how it can be used to trade within the markets. I also go through a replay back to show it can be used to catch confirmation entries. Any feed back is greatly appreciated.
TRADER TINGSMy analysis is basically about mostly imbalance especially FVG which is a form of imbalance and in full it is FAIR VALUE GAP imbalance where there are 3 candles but the first and last candle wicks don't meet which leaves a gap thus imbalance and eventually price must com back to that area to make it balance....