In MY BTC/USDT chart (4H timeframe on TradingView), a mix of *Smart Money Concepts (SMC)* and *Technical Analysis Tools* are being applied. Here's a detailed breakdown of what's used:
---
### *1. Smart Money Concepts (SMC)*
#### a. *CHOCH (Change of Character)*
- Appears multiple times, signaling *potential trend reversals*.
- First CHOCH near the top marked the shift from bullish to bearish.
- Later CHOCH signals a potential bullish reversal.
#### b. *BOS (Break of Structure)*
- Indicates a *key market structure break*, confirming bearish intent before the most recent trendline break.
#### c. *Order Block (OB)*
- Marked just above the Fair Value Gap.
- Potential area of *institutional buying*, where price may return before continuing upward.
#### d. *FVG (Fair Value Gap)*
- Area between 74,000–78,000 (approx.).
- A *liquidity imbalance* zone that may attract price to “fill the gap”.
#### e. *Breakout Confirmation*
- Yellow highlight circle shows price *breaking above the descending trendline* and a resistance zone — key bullish sign.
#### f. *BSL (Buy Side Liquidity)*
- Located around 94,000–96,000.
- Target zone where *liquidity above previous highs* may be collected.
---
### *2. Traditional Technical Tools*
#### a. *Descending Trendline*
- Used to show bearish pressure over time.
- Recently broken, suggesting a potential *trend reversal*.
#### b. *Resistance Zone*
- Red shaded area from 84K to 94K+.
- Historically significant *supply zone*.
#### c. *Consolidation Area*
- Yellow rectangle shows a *range-bound structure*, often a precursor to breakouts.
- Useful for identifying accumulation/distribution.
#### d. *Path Projection (Bullish Forecast)*
- Blue dashed line with arrow shows a *bullish scenario*:
- Pullback into OB or FVG
- Followed by a potential rally toward 109K–112K area.
---
### *3. Labels and Forecasting Elements*
- *Break-out label* in red, confirming structure break.
- Big *green arrow* points to longer-term bullish target (approx. 110K–112K).
- This implies a *liquidity-based target* and continuation bias.
---
### *Summary of Tools & Patterns Used:*
- *CHOCH / BOS* (Smart Money structure shifts)
- *Order Block (OB)*
- *Fair Value Gap (FVG)*
- *Descending Trendline & Breakout*
- *Resistance Zones*
- *Consolidation Box*
- *Liquidity Targeting (BSL)*
---
This chart reflects a smart money + price action-based outlook, forecasting a pullback into OB/FVG followed by a bullish continuation.
Would you like help identifying optimal entry/stop-loss levels based on this forecast?
---
### *1. Smart Money Concepts (SMC)*
#### a. *CHOCH (Change of Character)*
- Appears multiple times, signaling *potential trend reversals*.
- First CHOCH near the top marked the shift from bullish to bearish.
- Later CHOCH signals a potential bullish reversal.
#### b. *BOS (Break of Structure)*
- Indicates a *key market structure break*, confirming bearish intent before the most recent trendline break.
#### c. *Order Block (OB)*
- Marked just above the Fair Value Gap.
- Potential area of *institutional buying*, where price may return before continuing upward.
#### d. *FVG (Fair Value Gap)*
- Area between 74,000–78,000 (approx.).
- A *liquidity imbalance* zone that may attract price to “fill the gap”.
#### e. *Breakout Confirmation*
- Yellow highlight circle shows price *breaking above the descending trendline* and a resistance zone — key bullish sign.
#### f. *BSL (Buy Side Liquidity)*
- Located around 94,000–96,000.
- Target zone where *liquidity above previous highs* may be collected.
---
### *2. Traditional Technical Tools*
#### a. *Descending Trendline*
- Used to show bearish pressure over time.
- Recently broken, suggesting a potential *trend reversal*.
#### b. *Resistance Zone*
- Red shaded area from 84K to 94K+.
- Historically significant *supply zone*.
#### c. *Consolidation Area*
- Yellow rectangle shows a *range-bound structure*, often a precursor to breakouts.
- Useful for identifying accumulation/distribution.
#### d. *Path Projection (Bullish Forecast)*
- Blue dashed line with arrow shows a *bullish scenario*:
- Pullback into OB or FVG
- Followed by a potential rally toward 109K–112K area.
---
### *3. Labels and Forecasting Elements*
- *Break-out label* in red, confirming structure break.
- Big *green arrow* points to longer-term bullish target (approx. 110K–112K).
- This implies a *liquidity-based target* and continuation bias.
---
### *Summary of Tools & Patterns Used:*
- *CHOCH / BOS* (Smart Money structure shifts)
- *Order Block (OB)*
- *Fair Value Gap (FVG)*
- *Descending Trendline & Breakout*
- *Resistance Zones*
- *Consolidation Box*
- *Liquidity Targeting (BSL)*
---
This chart reflects a smart money + price action-based outlook, forecasting a pullback into OB/FVG followed by a bullish continuation.
Would you like help identifying optimal entry/stop-loss levels based on this forecast?
Join Telegram Channel Free t.me/JOAN_GOLD_TRADING "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/JOAN_GOLD_TRADING
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.
Join Telegram Channel Free t.me/JOAN_GOLD_TRADING "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/JOAN_GOLD_TRADING
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.