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Breakerblock

$AVAX - Buy Now or Maybe 115-117 *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. AVAX has short term break of structure that is bullish where these candles have closed above the previous candles close. We missed the initial great buy, the pullback into the 61.8% level of this chart. However. The current high is a about 1 cent off from another daily high, Creating a false " resistance. I say false because the next time it runs up to that point it will break resistance. It may break it by very little which will cause the liquidity to flood the market (this area of $127.3-$127.4 is where buy stops and sell limits rest) Smart money will punch through that area to flood the market with liquidity chasing the chart down for a short period, and then reverse it back up hitting following stop losses or shortly placed stop losses. Taking the retail traders out. Happens every time. The real question is, where to buy? There are close equal lows on a 15/5 min time frame that could produce a little bit of liquidity underneath. about where it is now near the 119.5 area. The chart could push below that and spark more liquidity but I have a feeling if it did that it would drop down to the consequential encroachment of $118.226 or fill the fair value gap down to $117.16. The furthest I think it could go down would be $115 where there is a Bullish order block resting. and at that point price would reject it and send flying back up. Additionally the only indicator I use, The Williams %R, which is more of a volatility indicator, is at the over sold condition. That doesn't guarantee a biuy right away, but we're more likely to see it possibly be more oversold to the areas I suggested and then turnm around. As I'm typing this, it got under the Bullish breaker creating a bearish breaker. So I'd be betting on $117-$115 Good Luck and Good Trading! :) COINBASE:AVAXUSD BINANCE:AVAXUSDT HUOBI:AVAXUSDT OKEX:AVAXUSDT COINEX:AVAXUSDT FTX:AVAXUSDT POLONIEX:AVAXUSDT BITFINEX:AVAXUSD KRAKEN:AVAXUSD
Long
by BodiesXWix
BAL SHORTERM SHORTHey traders, I just wanted to share a quick trade I just took. I took a short position as price re-entered our shortterm breaker and sniped a 1:15 trade taking most of our profit at the 50% fib and with our final take profit almost at 1:42 ! (Btw I noticed not many of you guys look at my other charts besides BTC and ETH, but I think my other alt coin trades are equally if not more insightful!) As always like and follow to show support and stay updated, as I have a lot more value coming, and as always, happy trading!
Short
by TRADE_SNIPES