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Ictstudent

$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
COINBASE:ETHUSDShort
by BodiesXWix
6
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.
BITSTAMP:ETHUSD
by GhostlyFutures
$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
COINBASE:ETHUSD
by BodiesXWix
$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
Short
by BodiesXWix
High probable Sell ConditionsAs the DXY kept dropping lower, Stock Indices such as the Dow and the SPXUSD kept rallying higher as expected. From my weekly forecast I expect the DXY to rally once more taking out the current swing high on the overall daily timeframe, and as expected, Both US30 and the SPXUSD indicating bearish confluence factors (such as bearish cracks in correlation, Bearish turtle soup conditions). Therefore, for the upcoming weeks we're most likely going to trade to that 3491.3 level. This is the highest probable scenario amoung others (because there's always more than one possible outcome).
FOREXCOM:SPX500Short
by Cyber_FX