TOTAL2 Outlook ICT Concepts
TOTAL2 in Crypto 📈
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on TOTAL2, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🌟 What is TOTAL2 and Why is it Important?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It is important because it provides a clearer view of the altcoin market's performance, helping investors understand trends and shifts in market sentiment without Bitcoin's dominance skewing the data.
📉 Market Overview at the Start of June
At the start of June, the cryptocurrency market experienced aggressive downward movement. This sell-off targeted sell-side liquidity, indicating a period where traders were closing positions and selling off assets, pushing prices lower. Consequently, the market entered a bear phase, characterized by sustained price declines and a generally pessimistic outlook.
📊 Key Liquidity Movements
By Monday, June 24th, we saw the market take out the previous week's low (PWL), a critical liquidity level often targeted by large traders to trigger stop-losses and gather liquidity for future moves. This event was followed by a tap into the marked sell-side liquidity, leading to an expansion higher as buyers stepped in to capitalize on lower prices.
⏰ 1-Hour Timeframe Analysis
Analyzing the 1-hour timeframe, we observed a significant market structure shift (MSS) after the PWL was taken. This shift indicated a potential change in market direction from bearish to bullish. The market then created an inefficiency, known as a Fair Value Gap (FVG), which is a price gap that the market often retraces to fill. The market respected this FVG, retraced back to it, and then began moving higher, confirming the shift in sentiment.
🚀 Bullish Movement Expectations
At this point, it appears that the price is poised to start a new bullish movement to the upside. Key targets for this bullish move include buy-side liquidity areas such as the Order Block (OB), a region where significant buy orders are clustered, and the 4-hour Fair Value Gap (FVG). Additionally, the buy-side liquidity marked out previously also serves as a potential target for this upward move.
🐻 Bearish Scenario Considerations
For any bearish scenario to come into play, we would need to see buy-side liquidity taken out or the creation of low-resistance liquidity areas in lower time frames (LTF) . These scenarios would indicate that the market might not sustain its bullish momentum and could potentially reverse or consolidate. Monitoring these levels closely will be essential for making informed trading decisions based on the evolving market structure and liquidity dynamics.
🙏 Thank you for joining us!
Exploring TOTAL2 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on TOTAL2, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🌟 What is TOTAL2 and Why is it Important?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It is important because it provides a clearer view of the altcoin market's performance, helping investors understand trends and shifts in market sentiment without Bitcoin's dominance skewing the data.
📉 Market Overview at the Start of June
At the start of June, the cryptocurrency market experienced aggressive downward movement. This sell-off targeted sell-side liquidity, indicating a period where traders were closing positions and selling off assets, pushing prices lower. Consequently, the market entered a bear phase, characterized by sustained price declines and a generally pessimistic outlook.
📊 Key Liquidity Movements
By Monday, June 24th, we saw the market take out the previous week's low (PWL), a critical liquidity level often targeted by large traders to trigger stop-losses and gather liquidity for future moves. This event was followed by a tap into the marked sell-side liquidity, leading to an expansion higher as buyers stepped in to capitalize on lower prices.
⏰ 1-Hour Timeframe Analysis
Analyzing the 1-hour timeframe, we observed a significant market structure shift (MSS) after the PWL was taken. This shift indicated a potential change in market direction from bearish to bullish. The market then created an inefficiency, known as a Fair Value Gap (FVG), which is a price gap that the market often retraces to fill. The market respected this FVG, retraced back to it, and then began moving higher, confirming the shift in sentiment.
🚀 Bullish Movement Expectations
At this point, it appears that the price is poised to start a new bullish movement to the upside. Key targets for this bullish move include buy-side liquidity areas such as the Order Block (OB), a region where significant buy orders are clustered, and the 4-hour Fair Value Gap (FVG). Additionally, the buy-side liquidity marked out previously also serves as a potential target for this upward move.
🐻 Bearish Scenario Considerations
For any bearish scenario to come into play, we would need to see buy-side liquidity taken out or the creation of low-resistance liquidity areas in lower time frames (LTF) . These scenarios would indicate that the market might not sustain its bullish momentum and could potentially reverse or consolidate. Monitoring these levels closely will be essential for making informed trading decisions based on the evolving market structure and liquidity dynamics.
🙏 Thank you for joining us!
Exploring TOTAL2 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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.