Will BTC continue its dump or it'll surprise everyoneHi dear community members, my lovely and loyal followers, I hope you are fine and make good trades.
I haven't published analyses for 2 months coz I expected #BTC to dump towards 26.5-27K as I mentioned in my tweets/ which you can check on my previous publications.
BTW I warned about this dump back on June 24th when BTC price was 31500/ almost at the top/ but I didn't expect that BTC will go below 26K in any case we haven't seen daily candle close below it)).
Now I'm looking at daily timeframe and as you see BTC cleared/swept all SSL and felt all imbalances below 28.5K, even it took out previous major swing low/EQL/ below 24.7K and hit daily bullish OB. If we measure the recent move from 31,850 to 24.7K it is below 100% projection of previous move from 31059 to 24.7K.
I'm sure BTC bottomed on August 18th at 24.5K and after some types of consolidation between 25-28K, which will last about 2-4 weeks, BTC will start its major impulse move towards 37-38K even higher. I marked upcoming move with pink line.
I also mentioned the most critical level on the chart /RED zone/, which has to be respected by bulls in the worst case to provide upcoming bullish movement otherwise game is over for bulls.
Buysideliquidity
XAUUSD Buy I'm interested in a tight Order Block entry seen on the 1 minute time frame. I like how it swept out previous liquidity and started towards the upside. The stop would be safest below the Fair Value Gap that the point of interest dipped into towards the left. And I would target the equal highs above.
Long on GU Did you guys see how gu successfully delivered to the point I showed you guys on Sunday midnight...I pin point the level 1.24564 for the market to reach , though we had a fake move downwards to induce sellers to think it was ready to sell..lot of people stop loss were taken out prior to the sells and what happened? It started buying and reached for the buyside liquidity.....study the chart folks ..this is the same analysis I dropped on my community tab but most of them were inpatient to wait and the entered sells..all I can say is that ,it didn't end well for them ......stay safe ,till next time
DAX LONG (PAPER PRACTISE)Post FOMC news was good for markets. Used an ORB strategy this morning on the 5 min candle at 8:05, my daily bias was bullish and I wanted to see the BSL taken out in order to break out of the range that DAX has been trading in for the past week or so. I believed that when the BSL was sweeped, we would look for new highs triggered from FEB22 BSL. I got got stopped out abit early and missed more points, however I kept moving my stop loss to an appropriate position so that I would not of missed out on points (1:2 then all the way to R:R 1105). I believe my SL was abit too tight as it rallied abit after but overall well executed. Kept my risk to a minimum, however I should of added to this trade at each BSL it took out.
18/01/23 10% Profit Taken.I didn't know what to expect at night when BOJ was talking about interest rates that stayed at the same level. But what happened was GBP shoot to the moon.
What I saw in the morning it was clear to me that Buyside liquidity was taken out and that created an opportunity to enter.
Price started to drop down creating FVG on a lower time frame (3min). Then the price came back to FVG and started to fall.
I went out making 10% on both orders :)
Stay focus, and DOn't Give UP.
Probability for 07/01/23As you can see the following:
- weekly candle bullish
- daily candle bearish
- 4H candle - bearish
In my probability, I can see two options on Monday (I WON'T BE PLACING TRADES ON MONDAY). One will bounce off (red) and create a high of the day and two (blue) will go lower to take out sellside liquidity creating a low of the day and then will go up to create a high of the day.
After Monday I'll see where price action will go and what will most likely stay for the next two days which means I'll be looking for setups on Tue, Wed, and Thu.
Please let me know your thoughts.
1/6/2023 SPXBig move today!
First taking EQL liquidity and then deliver price through buy side liquidity.
How did I know it will happen if I don't know what macroeconomic numbers we will get?
Liquidity is the answer.
If there are more retail traders in bullish positions, market makers will move price down.
If there are more retail traders in bearish positions, market makers will move price up.
This works regardless of the market you are trading, the news that is, or the data that is presented.
News, the economic calendar and earnings report are just volatility to take sell side and buy side liquidity.
So the next time you are questioning yourself why the price went down, when GDP numbers went up, the answer will be just liquidity.
Question yourself of what you have been taught of technical analysis is really what it works, if that "double top" or "geometric bullish figure" will work if 95% of traders are looking the same thing.
Probability for 22/12/22 After nice drop in GBP/JPY and makink 40% I'm wondering if that was more to do with luck or my analisis. I did predict price will go down and I saw the build up, I wasn't expecting it will take that long and funny enough I wasn't aware of BOJ intrest rates news.
However I got two posibilities, up or down ( like alwas). Main Sellside liquidity was taken out and I see another build up but there is another sellside liquidity and massive FVG which was created during BOJ Intrest Rate News. I'm more towards going up but this is what Smart money wants you to think about it.
Please share your thoughts.
Probability for 14/12/22 So far so good, the price reached Buyside LIquidity, and then during 8.30 News NY time, we had a massive sell-off to first Sellside Liquidity.
I believe the price will retrace to 50% on Fib and then continue to another Sellside Liquidity. But just in case anyone wants to trade that than please make sure you have your Stop Loss in place.
Please share your thoughts.
Probability for 12/12/22 No trades for me today. I'm waiting for what will happen. I need HH or LL to be formed above Sun or Mon opening candle .
Weekly candle - Bullish
Daily candle - Bullish
Common sense tells us to look for longs but if the price reaches Buyside liquidity then We can look for shorts.
What are your thoughts?