$AXS - To Reach it's Bullish Order Blocks Early in the Week. SMT
Updated
*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.
It Appears AXS is heading towards the Order Blocks it formed on 2/23. We should See the price get down to these levels (Entrance 1 45,58 and Entrance 2 (if gets there) 43.30, this should possibly have some consolidation to trick retail traders into selling off when it should then take everyone by surprise and rise to new higher levels which I belive will be in the 162% Extension of the original wave which is also neathe bearish Order Block of nearly $60.
I see it as this
Breaking through both sell side liquidity points as it created a "Support Area" Which is an area that people will chase up until it turns around and goes agaoins those retail traders. Then we should see it finally move in the direction thast it should, hopfully gettting no lower than it already has in CoinBase.
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It Appears AXS is heading towards the Order Blocks it formed on 2/23. We should See the price get down to these levels (Entrance 1 45,58 and Entrance 2 (if gets there) 43.30, this should possibly have some consolidation to trick retail traders into selling off when it should then take everyone by surprise and rise to new higher levels which I belive will be in the 162% Extension of the original wave which is also neathe bearish Order Block of nearly $60.
I see it as this
Breaking through both sell side liquidity points as it created a "Support Area" Which is an area that people will chase up until it turns around and goes agaoins those retail traders. Then we should see it finally move in the direction thast it should, hopfully gettting no lower than it already has in CoinBase.
AXSUSDAXSUSDAXSUSDAXSUSDAXSUSDAXSUSDOKCOIN:AXSUSD
AXSUSDTAXSUSDTAXSUSDTAXSUSDTAXSUSDTNote
IT GENTLY TOUCHED THE ENTRANCE. It was so close to call. that I had two separate Buy limits on different Central Exchanges. One Hit, the Other didn't and I had to manually enter. The earnings have been coming in on both. I took Profit await for it to return to the fair value gap/consequential encroachment before entering again.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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