OT Downtrend Liquidity Sweep
ATR 358 pips. OT will be stopped by POI or Order Block in order to collect liquidity below. New LL from Demand. Generally will collect first liquidity, I’d say also the bottom liquidity but New LL usually blocks the downtrend. Such liquidity will be collected in the near future.
Smart money contraction works like a magnet for some time then takes off to the next contraction.
Smart money contraction works like a magnet for some time then takes off to the next contraction.
Note
Crypto traders will be getting a surprise soon. Smart money has caused panic on dump money, bull runs delayed in numerous coins. As long as dumb money remains selling for losses; creating all this liquidity; camp out may be involved for all of us. Once FOREX sees there is no more to wait upon, then comes Bull. Very wavy because of it.
Wait patiently; all backed up bulls will come together in 1.
"You hear the wind, but where does it go?"
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 hear the wind, but where does it go?"
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.