BitcoinShort
2nd test drive for a mix of smc and elliott for bearish scenario
Updated
In previous post we mentioned the buy side opportunity and it was a model without the taking considiration of htf bias. Bias is bearish and even though it is from a chart which was a false one. it gave the idea that htf bias is soo important. As smc mentions it a lot. that is a great example if you dont take it into considiration. Even though the strategy is right you might end up having a losing trade. Market structure shift and reversals are different matter ofc.
Now this chart is from Binance and you can see how it is affective to have a bias from htf. so this is a bearish scenario. There is a 1h fvg and it might be a magnet for the price to go down. Again it will be shown in elliott waves.
Now this chart is from Binance and you can see how it is affective to have a bias from htf. so this is a bearish scenario. There is a 1h fvg and it might be a magnet for the price to go down. Again it will be shown in elliott waves.
Note
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