$BTC - Retracing to Daily Fair Valu Gap between 79% & 88.6% *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.
Price should retrace back down to the current Fib levels between 79% and 88.6% (Smart Money Levels) where there is a fasir value gap on the daily between the 1st and 3rd of February. It should then at least start buying until it hits the bearish order block (last up green candle before the bearish candle closes below it)
Entry 38021.53 to 37450.75 exit 43155.50
Price should retrace back down to the current Fib levels between 79% and 88.6% (Smart Money Levels) where there is a fasir value gap on the daily between the 1st and 3rd of February. It should then at least start buying until it hits the bearish order block (last up green candle before the bearish candle closes below it)
Entry 38021.53 to 37450.75 exit 43155.50
Note
It has made it's EntranceNote
I over looked the 4 hour fair value gap below the daily ghap entrance.; It has filled the gap and I'm hoping thats the last gap that needs to be filled.
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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