*SMC* Smart Money Concepts
I took a a look at this with multiple time frames. And I'll give you my break down.
First, Within the current wave, ranging from $61,217 to $62,403 There are equal lows which represent liquidity near $61,685.69. I believe price should brewk those lows to dip into the liquidity pool. (realeasing buy limits and sell stops into the market). It'll probably o a dance below that rea making people think that it is going to fall further.
However, the 1 hour +OB Shows signs up bullishness which I don't beleive is should cross the median of the 1 hour +OB which is also the 70.5 fib level. See below
On the 4 hour chart you can see when the price starts reaching levels that break highs are when I have take profit levels.
It's a 6:1 Risk to Reward so If Smart Mo ney concepts lead me in the right direction this could be a great trading opportunity.
Eventually there is a massive 1 and 4 hour fvg gap above where Ibelieve price will ultimately go to close out the trade before it starts to possibly make its way back down in a correction.
Looking at the area from 10/1 to 10/4 price has been in consolidation and I don't see a reason for it to get lowe r than the low points in those days. Price doesn't like to stay in the same area for too long and I belive this might be the price action to get it moving in the right direction starting next week. Here's the chart of the Consolidation.
I just hope I'm not underestimatin the stop loss. Worst case I lower it to $61,200. And hope it continues to go the way it should.
Good Luck AND Happy Trading.
If you have any input or auggestions, please feel free to comment yout input. We don't become good traders without each others help.
Will keep this idea updated as I keep track of it.
BTCUSD
BTCUSD
BTCUSD
BTCUSDT
BTCUSD
BTCUSDT.P
BTC1!
BTCUSD
BTCUSD
BTCUSD
BTCUSDT
BTCUSD
BTCUSD
BTCUSDT
$HTX:BTCUSD11V2024
I took a a look at this with multiple time frames. And I'll give you my break down.
First, Within the current wave, ranging from $61,217 to $62,403 There are equal lows which represent liquidity near $61,685.69. I believe price should brewk those lows to dip into the liquidity pool. (realeasing buy limits and sell stops into the market). It'll probably o a dance below that rea making people think that it is going to fall further.
However, the 1 hour +OB Shows signs up bullishness which I don't beleive is should cross the median of the 1 hour +OB which is also the 70.5 fib level. See below
On the 4 hour chart you can see when the price starts reaching levels that break highs are when I have take profit levels.
It's a 6:1 Risk to Reward so If Smart Mo ney concepts lead me in the right direction this could be a great trading opportunity.
Eventually there is a massive 1 and 4 hour fvg gap above where Ibelieve price will ultimately go to close out the trade before it starts to possibly make its way back down in a correction.
Looking at the area from 10/1 to 10/4 price has been in consolidation and I don't see a reason for it to get lowe r than the low points in those days. Price doesn't like to stay in the same area for too long and I belive this might be the price action to get it moving in the right direction starting next week. Here's the chart of the Consolidation.
I just hope I'm not underestimatin the stop loss. Worst case I lower it to $61,200. And hope it continues to go the way it should.
Good Luck AND Happy Trading.
If you have any input or auggestions, please feel free to comment yout input. We don't become good traders without each others help.
Will keep this idea updated as I keep track of it.
BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSD BTCUSDT.P BTC1! BTCUSD BTCUSD BTCUSD BTCUSDT BTCUSD BTCUSD BTCUSDT 
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.