Ictstudent
$LTC - A Bounce to 99? #ICT Concept$LTC has been actively moving up since 09 Nov 2022.
It went from $47.06 to $85.13
Increased 79% in 25 days.
$LTC has better performance than $BTC which is in sideway from 15.5k and 18k
#NFA #DYOR
I think if $BTC is still consolidating in that zone,
$LTC will have a bounce to $99 and potential reach $115.23
Right now, we're waiting for retracement back to discount zone (Fib 62 & 79) so we can look for a LONG setup.
Let's see 👀
Analysed based on #ICT Concept
$ETH - Bearish to start the week - Bullish to end *SMT*EDIT: MY BNAD FOR NOT STRETCHING OUT THE CHART OF HEAD O0F TIME, i WAS LOOKING AT ANOTHER CHART WHILE TYPING THE IDEA..... It's not pretty but I hope you get the point.
SMT= Smart Money Theory, Please See the related Tutorial regarding smart money principles.
Tripple high, possibly breaks a little higher, make people think it a break out and then it slams on the breaks and heads back down towards the two large fair value gaps and a "Missed opportunity gaP" to possibly the bullish OB (Order Block) that will probably happen around Thursday or Friday (between 1145 and 1135. Before having the weekly profile complete its task of creating wicked on both sides and creating the high and the low at the beginning and ef the week. It still has broken structurer and with two fairt value gaps belowe this only seems the most logical
Additionally we should ALWAYS Look at the commitment of traders indicator it is subject to provide such records for the CFTC. Here you can see a massive drop from longs to more net shjorts, which tells me a short is coming this way... or those p [eople that really study thjis and trade it a lot are not to bright
Heres the daily with no indicators except where the imbakances are, which is about all you need to know about ETH right meow.
chart
ENTRSANCE - 1315-1318
SL - 1360
take Profit - 1217
TP2 1151
TP3 - 1130
I know I fluibbed bad on the last one but last week was news heavy and the fundamentals had a lot to do with it. This week, not so much, so the technical analysis should win this week.
GL GT
BodiesXWix -
COINBASE:ETHUSD
BITGET:ETHUSDT
MEXC:ETHUSDT.P
CME:ETH1!
Will Sunday head straight into a bear market???Well I am finally getting more comfortable with analyzing the market so I figured I would publish another idea in hopes that maybe someone would give me a heart or whatever trading views version of a like is lol. So here we go, my outlook on Cable.
So I just want to throw this out there. I do trade using ICT concepts so yes I give credit to any logic that I am hoping to share through his teachings anyways back to your regularly scheduled program.
so what I see here is that there was a shift in market structure at the low then the market traded to a premium . I feel like it will break the high before reversing back down. I also used the daily and weekly chart to get a larger view go the market and you can even check it out for yourself. but not to say that I would enter as soon as the price breaks the high bc remember there is a chance I can be wrong but when price does break a high I will be watching it to see any signs of a reversal back into the bear trend. I used a ghost feed to kinda give more detail to my projection.
Hope you enjoy! I'll be watching to see if I can get a entry short where the white like at the top is. That is where the previous Fair value gap was on a larger timeframe. Im hoping it will reject in that area and then head back down to the next price area in a bearish direction.
And that's all I have. This is just me practicing.
until next time.
$ETH - Daily Bearish Order Block - Short to Liquidity 1172 *SMT*
Entry - 1206.93 (1207)) (NOW - )
S/L - 1267.49 (Must close above on the on or 4 hour chart before I will manuall remove myself from the trade, otherwise it m,ight just liquidity run through th number and drop)
Take Profit 1- 1150.27
Take profit 2 - 1120.36
Take Profit 3 - 1172
SMT= Smart Money Theory. See related Idea. ASmart Money does not focus on retail Technical Analysis. NO, trendlines, wedges, bull flags, bear flags, channels, moving averages, harmonics, etc. All of that is a distraction, price does two things. 1) Finds and attacks liquidity, 2) Finds and fills imbalances.
Currently the price of ethereum, did hit my previous suggestion as I thought before raising up again. It got down to 1177 when I was safe with 1194, but I knew there was a 1 hour fair value gap (imbalance) at around 1157-1163. During the asian session it has risen quickly to the dailt bearish order block as shown in the picture. At this point it should get rejected and it will probably take all week to get to the Sell side liquidity at $1171.
As price has moved up through the daily fair value gap that means it has mitigated on side of that gap. Price moving down to $1145 that is the bottom of the daily fair value gap. The momentum will be continuing down and head towards the equal lows where most people have their buy lim its set. Smart Money will know this and drive the chart down even furtrher. The one hour fair value gap will need mitigated and that might take more time as well becAuse it could consolidate in that area. (see where the arrows are in chart)
Don't fall for the triple bottom, that is to get you to bite when then are goping to force you to lose money. Instead you should be shorting now and take profit at that time.
with the current wave the golden ratio extension hits the next daily fair value gap. That will be Ethereum's possible next move After it get's under the sell-saide liquidity
that price would be 1332.... or will it drop further to the 860 I've already said twice now?
I'm not sure, but as for now I'm shorting til 1071
COINBASE:ETHUSD
BYBIT:ETHWUSDT.P
CME:ETH1!
CRYPTOCAP:ETH.D
$ETH - Could Long, but not yet - Below 1194 *SMT**SMT = Smart Money Theory. See Related Idea for Tuorial/Explaination on Smart Money
Keeping to the principles of SMT, There are two Redeliver-Rebalances below current market price. A redliver Rebalance is like a fair value gap except where the Wicks don't touch, a presiding wick outreaches a proceeding candle. These act as imbalances i which price seeks. We should see the price possibly move up to the bearish order bock . Why? to suck in all the buyers. Then Smart Money Takes the chart against the buyers (CHARTED HERE:
After bouncing off the bearish order block it should seek that imblanace where the Redeliver-rebalances are. It should fill the small 15 min one or just run right through it, to the second one which is near 1194. The 11 94 i also near the Smart Money Buy Zone or discount of the current "wave" (Last low before breaking and closing above the preceding high); At that point Smart Money will then buy ETH at a discount rate and should take the price higher. How much higher? I don't know because I'll need to see the price action on the way down... it could go even lower. So for the safety of my account, I'm playing it safe and only going to where I the it will travel the last furthest. It could drop and fill the R-R and hit the Bullish Order Block at 1192.68 before we see a hard bounce up again.
I have it going to that low until there until the "Crypto week/day" ends. After that it's a waiting game to see where it goes, but I still have it ultimately going as low as 860. The current -1 standard deviation of the current high/Low is actually around 804 where there's more confluence for price to reach, but playing it safe I'm thinking 860, that 804 mark where the Weekly fair value gap is below the sell side Liquidity
All we can do now is wait
Happy Trading and good luck
Again, this information comes from my observational training and mentoring under ICT.
COINBASE:ETHUSD CME:ETH1!
BYBIT:ETHUSDT.P CRYPTOCAP:ETH.D
Liquidity Blocks and Quarterly Levels SystemsThis is a different way for Traders' to look at an Instruments Levels' and Quarterly Candles' (3M TF) Ranges of Liquidity, throughout a Yearly Candle's Range. Being able to understand how a Candle Opens, Accumulates Liquidity, Manipulates Liquidity, and then Distributes (Delivers) that Liquidity into the Closing Range, is what will give you the edge your looking for no matter what Time Frame you are Trading on whether it be a 12 month Chart or a 5 min Chart; all candle's do the same thing in slightly different ways: OHLC or OLHC. Instead of using the stock Horizontal and Vertical Grid ive decided to design this super simplistic "Liquidity Block Grid" to help identify the Weekly and Daily Bias a bit easier. Keep in mind to use ALL of the Data supplied by the Instrument for this Method OR Scale this method down to a single Yearly Candle and tear apart the Individual Months, Weeks, and Days using the same exact concept to help Identify the Hourly Bias for single session trading. Also this concept works on EVERY INSTRUMENT NOT JUST CRYPTO! It is just very easy to describe on Ethereum Data IMO.
$ETH - Possible to break lower Liquidity, FVG's $860 - *SMT*SMT= Smart Money Theory. Please see the related tutorial. Als in related ideas is the the call for the current BTC low and it was called over a month a head of time. as to the explanation of Smart Money. No Trendlines, no indicators, no moving averages, bear flags/bull flags harmonics., Elliot wave etc. Price attacks liquidity for one, and then it fills imbalances second. Additionally,all charts are manipulated period. Take everything you think you knew about technical analysis and forget it.
There are weekly and daily fair value gaps lower around the 860 to 790 area that the price could easily drop to after breaking sell-side liquidity. For one I've seen many posts calling for bullishness when there's been no confirmation of any BULLISHNESS in this chart. If you're following the herd, you migjt as well get ready for the slaughter. Do i Think the price will hit the lows I said? Maybe? Maybe not? But I know they are not going up anytime soon, at least until Tuesday or Wednesday when the weekly profile starts to take shape.
The Set up is also a dead giveaway. highest short around 1650, which was reaching up into the daily bearish order block.
As it sells off, when it tried to move back up it is immediately rejected by another order block. Measured with a fib From top to bottom The extension or standard deviation lands on the median of the fair value gap below the sell side liquidity. So by the time it hits 860 - 800 is when we might see the low as it fulfills the imbalance left by the fair vale gap years ago.
The only thing we can do is to wait ;)
Good Luck and Good Trading
-BodiesXWix - Smart Money Crypto
$dYdX -Hit Top of Daily Bearish Order Block- Now Retracing *SMTSMT = See related idea on the analysis of what Smart Money Theory is.
$dYdX seems to be the only crypto worth trading at the moment. As it hit the top of the Daily bearish order block and started reversing. Wick may have went through each side on the 4 hour but two four hour candles closed inside below the median of the Daily bearish order block . This is bearish movement.
So I have two take profits. The first is within the huge 4 hour Fair Value gap below.
Entry 2.441
Take Profit 1 - 2.068 (Top of Breaker)
Take Profit 2 - 1.946 (Bottom of Breaker)
Stop loss - CLOSES ABOVE 2.538 on the1 hour I don't play the stop loss game unless I'm Not going to pay attention and what matters on a stop loss is the close not
We'll See what happens. But thats my educated guess. Usually, Smart Money teaches me right. (See related Idea Bitcoin- last short