EU to the moon?As you can see the market created a change of character (CHoCH) which is basically a reversal of market structure. Markets left an order block that broke structure and also left imbalance on higher TF which confirms and solidifies our POI. Now we wait for it to come into our POI and show us confirmations of market going long.
Institutionaltrading
$BTC - Run May Have Been Short Lived - FVG's Below To FilL *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry: 32,100
Stop Loss: 33,080
Take Profit: 28,000
After placing a Fib on the Current Wave, It became clear that we may be headed lower.... again. My Mentorship taught me to think of weekly profiles and how weekly candles form. The rush up just seemed like a wick for the week. Then I pulled the fib and noticed that the Discount price was at the exact line for the large Fair Value Gap (Imbalance) below. Additionally, I went to Barchart.com and looked at the Commitment of Traders report to find that Commercial traderds have reported additional net shorts than previously recorded. That was my first tip that Bitc could be going down as of Yesterday. I still Have my Analysis that BTC will get to 21,400. But for now, let's take baby steps and look to se if 28,000 first.
$ZEC - Retracing to Bullish OB Then Attack Liquidity Above *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry: 92.3-92.5
Stop Loss: (88.5-89.2 Depending on Broker and how much your willing to give up below the Bullish Order Block)
Take Profit 1: 96.3-96.4 20-25% of profit removed here (Move SL to 90)
Take Profit 2: 97.4-97.6 (Bulk of the trade off here up to 85%-98% of the trade, move stop into break even)
Take Profit 3: 99.5-99.6 (127% Extension meets the Fair Value Gap Above the equal highs/Liquidity Line
On the Hourly it appears that after price had broker the structure of the lower dealing range, it retraced back down to the breaker of that range and continued up until it hit equal highs with the price before th major drop off. These equal high are creating artificial Liquidity meaning that most traders who see the equal highs automatically think "Resistance" It may be met with some resistance but smart money or Institutional traders know that there are retail traders that have their shorts sitting there with, most likely, a short stop loss.... Or a buy stop with a short stop loss. I see this everytime, The price will come trigger the buy stop people and to take out the SL of the people Shorting with a limit, then it falls more to take the buy stop traders SL out, then continue up to find an imbalance or liquidity. And there's an imbalance at exactly the 127% extension.If there's a slight chance that doesn't happen I do have multiple take profits set up, but more than likely this will be the scenario. I've seen play out so many times that I know there's players in the room with large amounts of money able to manipulate the charts right when they want to. If this doesn't Happen, I'LL be Surprised.
Good luck and happy trading :)
GBP/USD 4H Indicating BearishnessHi traders, it's yet another week and this means fresh opportunities in the majors. Today I bring to your attention the short position I am currently holding on GBP/USD . This pair is currently in a longterm downtrend, therefore the highest probability trades will be found shorting the pair, this frames my bias.
On May 4th the market ran just above the high of April 29th on FOMC volatility , the market then returned below this high, breaking market structure in the process, traders using institutional concepts refer to this as the stop hunt. With this framework, once price returned to the breaker which initiated the stop hunt, I entered my short positions. The stop loss of the trade is placed above the 4H breaker block (the block is represented by the red rectangle ) and my final take profit level is placed at the high of the 4H fair value gap. The level represented by the blue line indicates where I will take my first partial if price moves in my favour. I have selected this level since it is an area of mitigation and so price can bounce from there.
More details of the overall framework of this trade is explained in further detail in my first publication, which can be seen below this publication in the "related ideas" section. I really appreciate you for reading this post and remember, buy/sell at levels that make sense and let the market do the rest.
May the markets be with you.
$BTC - Fill 4 HR FVG - Bullish Scalp to Bearish OB - *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
According to SMT price wants to fill imbalances, there is a current 4 hour imbalance in the chart and it stops near 36,000 (Just below) So I gave it some wiggle room for entry after it fills the imbalance it should start a bullish move until the price level hits something the algorithm will remember, such as a bearish order block. A bearish order block is your last bullish candle before the bearish candles close below the bullish candle. The beginning of that bullish cand will be the bearish order block. That is what I think will happen to this chart. It will drop and fill the imbalance and pull up to the bearish order block. All you need to make a money in this game is to see that possibility and put a decent lot size on a futures trade and trade with about 10-15x leverage. You can easily pull off $either $5 or $2,000 depending on how much you have in your account and how much you want to risk. But these types of setups should be easy to spot and easy to capitalize on. It will act as if it wants to continue bearish after filling the imbalance but that is to get retail traders in the trade selling short so smart money can they take it north, ripping the money out of the short sellers pockets and into theirs. Think like them. This is how I would play it if I were an institution.
This is not trade advice. This is simply an observation of my experience and my training in Smart Money.
COINBASE:BTCUSD
BINANCE:BTCUSDT
BITSTAMP:BTCUSD
BYBIT:BTCUSD
GEMINI:BTCUSD
CME:BTC1!
INDEX:BTCUSD
CME:BTC2!
$BTC - To Long after breaking short of sell side Liquidity *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remembers price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equasl Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
Bitcoin created a short term low within a 4 hour fair value gap yesterday. Was suspicious that it would break lower, fill the GAP and turn bullish, whi it has somewhat done already but there is time to stuill jump in as it is at a low point, but we didn't make a lower low overall. Exit Strategy would be a short-term fair value gap discount.
NOTE: as a smart money technical analysis, My chay, lsart is full of boxes and rays, I apologize if I do not have any of them properly marked but the boxes usually represent an imbalance on a larger time frame (4 hour , Daily) that price is attracted toward filling. It has currently filled the 4 hour fair value gap which is another reason I believe it will long from here. Plus it's Sunday, last day of the week the weekly candle will be finishing up it's formation which I believe the price has cam close enough to the bullish order block on the weekly that we should see bullishness, However there is a possibility that it drops into the price range of the body of that last red weekly candle below current price (38,400 - 37,700)
$BTC Broke Structure-Weekly Bearish Order Block Rejection *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
Bitcoin has made a mad dash this week crawling on top of a Daily Fair Value Gap. But if you look at the weekly chart, it has just touched the Weekly Bearish Order Block which should reject it eventually. However, with the new u [rising this past week Bitcoin did break structure and I have marked that in the main chart. There is also a Breaker just below it. So this could take a few days to unravel but I think It will start to fall getting a lot of retail traders to chase it as a Short. When price stops just at the Bullish Breaker Area of 38767.57 on the coin base Chart.
Here is the weekly where you can see the smart money Bearish order block weekly rejection.
So Again, watch for that rejection and expect retail traders to bit short on it and the chart should turn around at the breaker area. That low point would probably happen by Tuesday/Wednesday this week as it starts to create a new weekly profile. Let me know what you think or if you think it will drop and not come back up?
Happy Trading! = Bodies X Wix
BINANCE:BTCUSDT
COINBASE:BTCUSD
BITSTAMP:BTCUSD
BITFINEX:BTCUSD
FTX:BTCUSD
GEMINI:BTCUSD
OANDA:BTCUSD
TRADESTATION:BTCUSD
KUCOIN:BTCUSDT
PHEMEX:BTCUSDT
OKEX:BTCUSDT
COINBASE:BTCUSDT
POLONIEX:BTCUSDT
FTX:BTCUSD
$GBPUSD -Broke Market Structure- Bullish for 1.36375 from 1.3579As you can see GBPUSD had some highs near 1.3587. Those highs were broken durng the morning volatility. It has retraced a little each and who knows I may have missed the entranced when uit already got below 1.35795 and hit near 1.35583. That was the gold move to buy. Yes it's slowly retracting but that's to make retail traders believe that it's actuall going to sell now. a) It's broken market structure B) There's Confluence at the 161.8% mark that includes going through th top of a Fair Valu Gap (15 min) brefore hitting a bearish order block. I'm just wanting for GBPUSD TO enter that Zone between 1.3795 probably mnost likely to the buliish order block of 1.35815 before adding another position, I had 3 decent scalps on GBPUSD this morning and I'm looking to capitalize one more time. Now, I do look at the economic calendar to give m clues as to when the volatility will happpen in the morning. However, Just because a bank is expected to raise interest rates diesn't necessarily mean that it wil be a bad thi9ng for the comapny. If infact, most smart Money (Deep pocket whales) Will use tat against in you, and drive it in your favor for a few minutes and and """#$% SLAM #$% Irt goes the opposite way. I have been hurt tooo many times going by what the eceonomic calendar says will be good for the currency rather than just look at the surroundings, find the liqquidity and Underastand it's probably going there.
And with that we have somewhat equal highs above with fair value gaps just prior. I have a feeling we should se somerthig similar to that I drw. I could be completely wrong, but we'lll see. Goofg Luck and Good Trading
Tedzily a.k.a. Bodies X Wix
OANDA:GBPUSD
FX:GBPUSD
FOREXCOM:GBPUSD
FX_IDC:GBPUSD
CAPITALCOM:GBPUSD
SAXO:GBPUSD
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CURRENCYCOM:GBPUSD BIST:GBPUSD2!
EASYMARKETS:GBPUSD
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WHSELFINVEST:GBPUSD
KRAKEN:GBPUSD
BLACKBULL:GBPUSD
SKILLING:GBPUSD
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BIST:GBPUSD1!
BITSTAMP:GBPUSD
GBPUSD BULLISH ACTION POSSIBLETraders as we can see GBPUSD has hit a trendline break and retested right down to our daily bullish order block zone, we could see it drop lower into the next area and this could be a false breakout but for now we will be looking for confirmation to enter long positions. Good luck and Happy Trading Everyone!
NASDAQ Price actionIs not supply and demand... chart pattern or harmonic pattern and no indicators :)
i dont use zone, but i use specific level.
i use fibs only to find equilibrium and OTE.
Currently price hovering arround mid level of parent swing, normally price will play in the middle of the range at FOMC week.
Find your liquidity, or you are the liquidity.
if you enjoy my analysis, please like comment and subscribe.
Regards,
by "huntedortobehunted"
NAS100 Outlook and AnalysisThe Nasdaq has been full on bearish for January which is in line with it's seasonal tendency and as such I'm anticipating further downward movement this week into the imbalances below. Though there's also a possibility of a pull back to clear buyside liquidity before continuing down into the imbalalnces. Have to wait to see.
XAUUSD Outlook and AnlysisGold has been bullish for quite a while now and continues to be with normal retracements on the way. It's currently retracing and as such anticipating further downward movement to around 1823.26, then upward again. So if taking trades on gold this week, looking for shorts into that area.
$MATIC - To Send Under Sell Side Liquidity Before Bullish Return*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
There was too much thought that went into this chart to even try to explain. But I think I make the entry points clear, that if it does get to those entry points, to add a position to the trade. When getting to the take profits, take a % off as a profit from the trade. But this chart should be foolproof unless something catastrophic happens.
TP3: 2.62499282
TP2: 2.51605485
TP1: 2.44690000
E1: 2.27610000
E2: 2.25454172
E3: 2.16770000
E4: 2.11720000
SL: 1.97495881
Good Luck and Happy Trading.