Imbalance
BICOIN (BTC) CLOSING 39K 4H IB SCENARIO - SM CONCEPTScenario where Bitcoin goes closing its 39k 4h chart unbalance before continuing its way back down.
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EURUSD DailyClean bearish break on eurusd this week. May not have been the easiest week to trade but its left some very nice price footprints behind.
Break of the low leaving daily imbalance behind. There is an open of a daily order block at the fair value of the imbalance left behind. this sits at around 1.3000 and we could see short term pull backs to here.
It does look like mid term targets price could be aiming for some old imbalance at around 1.10000
Conservative vs Aggressive Entries - Different ways to enter!There are different ways to enter trades - some opt for an aggressive approach while others opt for a conservative entry. Aggressive entries are taken at the first signs of reversal out of a supply/demand zone while conservative entries wait for more significant larger structure breaks in the trend.
I almost always opt for the conservative take as I want structure to be with me all the way. By getting in with an aggressive entry you can achieve higher risk reward but you will also inevitably run into more losses because you are relying on the short term trend to confirm your higher timeframe intensions.
It comes down to your risk tolerance: Conservative entries require patience and sometimes when they don't give an entry you'll need discipline to avoid getting burned - but they are the wiser option for risk averse traders. Aggressive trades will get you in on nearly every move you have planned but they'll also get you took out a fair amount more than conservative entries. How much pain can you take?
I recommend choosing an approach and sticking to it - being a master of one approach is better than a novice at many!
SMC !! BASED ETHEREUM (ETHUSDT) 1H IMBALANCE FILL SCENARIO 1/2As you can see, ethereum created an institutional imbalance (IB) that it has to fill, if it doesn't complete the double top scenario:
It will therefore rise to 2.56k before dropping back down to its recent bottom at 2.32k and then taking its way down to 1.7k:
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BITCOIN CLOSED IB, ON THE WAY DOWN NOWBitcoin closed its recent imbalance and is now on the way to close the second one at around 44.5k-45k
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BITCOIN (BTC) !!!SMC!!! BASED SHORT TERM SCENARIOIf you look at the bitcoin chart from the institution's viewpoint, there are some imbalances left behind by the manipulation, some already got closed but the two most recent ones are the ones you can see on the chart.
Bitcoin will therefore surely go back to the 44k-45k range
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CHFJPY - Multitimeframe AnalysisCJ is looking good for shorts. We have multiple confluences for it as explained in the video.
Summary:
Monthly Timeframe:
- Price has just run up higher filled in a Fair Value Gap perfectly. It seems to be reversing from here.
Weekly Timeframe:
- We have an unmitigated Orderblock. Since this orderblock was a "Sell to Buy", means that the selling positions from Smart Money are currently in extreme minus positions, and they will want to reprice lower to mitigate out of their minus positions.
Daily Timeframe:
- We are creating SMT Divergence with its correlated pair - EURJPY. This means that CHFJPY went higher to run out the buy stops and made higher highs, will EJ is creating lower highs. CJ will most likely distribute to then run lower.
- Price has just reacted off a Daily Bearish Breaker Block, which should push price lower.
- Huge Imbalance FVG Gap. Price will come back to fill it as fast as possible.
- Massive Consolidation. Below these consolidations, there are lots of sell stops that will get taken out.
H2 Timeframe:
- Potential Sell POI. Valid Orderblock + Breaker that also caused the last low to get broken to the downside (Break in Market Structure - BMS).
- We have a Bearish Trendline that has three beautiful touches. Everyone that already is in Shorts from the trendline will get liquidated at the next mitigation of the Trendline up into the OB + Breaker and sell off further from there.
New anomaly of market today ! - LDTP #2Let's do the point !
Yesterday we spoke of imbalances especially here in breakout (you can find it attached to this one) and how pleasant it is to have finally a technical candle. New candle today, new anomaly and always more pleasure !
First like yesterday we saved the support on the closing so we are always in plan to search an entry pattern here. But what interest me the much, like yesterday, it's volumes. Volumes speak a lot and actually they speak way more than candles. Yesterday we did an exhaust and a breakout, typically a trend ending selling volume candle with more than two time the average volume. But look at today ! It's way better cause we have an anomaly here and simple to note : we have more volume than a candle which is twice the size of today.
What that mean ?
To give picture to beginners, I will say that a volume is an exchange between buyer and seller and more you have exchange more your interest evolve on a side and more your price move. So more you have volumes more the size of your candle increase (much more complicated but let's make this shortcut here).
How can we explain this anomaly ?
Simple fact, if you have an equivalent interest of buyers and sellers for a same price, your price don't change but your volume increase. So here we have a really strong interest at this price. I will be clear, retails are selling, institutionnals are buying. Nothing else can counter as much volumes here.
What do I expect next ?
The pattern is clear (and if you always don't know it, here it is : Exhaust -> Pressure -> Volumes (on a level / support obv)), we had exhaust yesterday, we was searching for pressure, and we have an internal pressure. So now we wait for buying volumes. I spoke of buying volumes a lot and we search them also a lot during the past few supports/weeks and we never find them. It's possible to don't find them again, but patience is the key , they will come, sooner or later !
I also spoke yesterday of the importance of imbalance for the future of BTC, I added two area of interest for it on chart (not the exact imbalance but the area I target in my strategy). We didn't retest it rapidly today, so I maintain my opinion, and with the candle of today I want to add that with the accumulation institutionnal did today if we want to reject the imbalance and run on the bear market limit (around $28,200), institutionnals will dump their orders in the imbalance to buy lower so it will be brutal.
So I maintain that I think we will come back retest the imbalance and two possibilities : breakout which mean buying volume and V-Turn / short U-Turn pattern here ; or reject which mean new selling volume, new exhaust and new low which will bring us in the next support area (gray area).
We could expect to see retest of the low before with a lot of buying pressure but I don't expect the price to close into the gray area before to retest the imbalance.
Also I would like to warn of the possibility to see a panic buy today. It's a standard reaction after this two anomalies. So you could have to control your emotions if it happen ;)
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
PS : Like, follow or comment if you like, it give me some strength to continue! This idea will be probably update until I did a new idea.
NAS100 Outlook and AnalysisThe Nasdaq has been full on bearish for January which is in line with it's seasonal tendency and as such I'm anticipating further downward movement this week into the imbalances below. Though there's also a possibility of a pull back to clear buyside liquidity before continuing down into the imbalalnces. Have to wait to see.
Finally an interesting day ! - LDTP #1Let's do the point!
Long time since the last update, yesterday I was commenting the past idea (you can find it attached to this one) and I said that one week past and how much it was boring days. Here we have actions, and so things to say.
About the past idea : the observation of the lack of buying volumes said true, which mean another time that patience is the key !
It's always better to be late in a trend than be early in a trap !
For today, it's a breakout, it's an exhaust, it's a liquidation and it's not a flush ! And that change all, you don't reverse market on a flush, the only thing gave by a flush is a panic movement and the next interest area. And, by the way it happen rapidly, price is almost always retest in a flush. I spoke a lot in the past ideas of the Wyckoff pattern and the support area around $42,000 - $39,500. We didn't find anything interesting to exploit. And now we finally break them so we will focus on next area to look for entry pattern.
But before speak of entry, let's focus on the candle of today because it speak so much technically. If you look at volume we have more than two times the average volume, we broke a support and we took the liquidation of the stop hunt of the trap, so its a breakout AND an exhaust. It change a lot of things in front of a standard exhaust, because here we have a resistance in the candle, something you can't see if you don't know how to read volumes through a candle. If I had to picture it for beginner I would say that during a breakout your price is moving strongly, and by the fact you don't find as many buyers for the over quantity of sellers, you just jump the price. Exactly like if you had a gap on other assets. These "holes" in volumes are names imbalances and act like resistances/supports. And as flushs (which have a lot of imbalance in their wick) these imbalances are always retest because they acts like magnets by the fact they are anomalies of market so it's generally revised. I don't know if you get the picture of it but I don't think I'm able to do it in a technical way in english =) .
So that explain the fact I'm pretty sure that this candle will be the key of the next days analysis because an exhaust is the first step of a reversal pattern and on the other side a breakout is the first step of a continuation pattern. So on this imbalance retest we will know what we are going for : BULL or BEAR market.
And now we will speak of price, if you look the chart you will find the conjuncture of two primary support (yellow lines) that I'm looking for reversal pattern. I like the fact we stop over it today, that don't mean anything else than the fact it's well a support but it's the first step to draw good resistances and supports if you want to have good signals. If most of your lines and area don't act like they should that mean you don't draw it well. That don't mean that they can't be break but you should see reactions on it, or at least a breakout which mean there was something here. If the price just passed through it I strongly invit you to work how you draw them. And if I had an advice to give to you to draw them its : Don't try to find lines which match with your actual price or the signal you want to see or confirm, take away the actual price go back on your chart draw them and then see where it is from your actual price.
I already said in one of the past ideas : "we are on support until $39,500 and we are not in bear market until $28,200". We broke $39,500 and we are always over $28,200, nothing alarming for the moment, it's always funny to see how much panic occurs on social media and in beginner reaction. But that really show one thing, people which invest money in it don't manage the risk, whatever the price go, if you have a plan, you never get surprise. And it's obviously not the case of people whose jump in by fear to miss something. So plan your trades and be patient .
I will be honest I think the answer for the long term direction of cryptocurrencies will be in the imbalance I spoke of. If we go retest it rapidly it will not be relevant but if we go retest it in the next few days the reaction on it will be the answer to the question "BULL or BEAR ?".
A last thing, I've posted a short signal analysis on december 28th, I said that I didn't took that one, one reason was that I don't short a bull market, this signal just reached his target and I don't feel like I missed anything. Result-orientism is one of the thing you need to learn to manage to be efficient in trading and it's a perfect transition to say, like always :
"Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions"
These updates on cryptocurrencies / BTC market will now be named with "LDTP #..." (Let's do the point) in title for people who want to follow only these ideas.
PS : It was hard to find words to be both technical and understandable for everyone tonight cause I'm really tired. Sorry if there is mistakes in my english. Like, follow or even comment if you like, it give me some strength to continue! This idea will be probably update until I did a new idea.
SMC !!! BASED BITCOIN (BTCUSDT) TA SCENARIO I am going to explain the revolutionary SM concept in a later educative post.
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If you enjoyed this post and agree with me, a like and a sub would be very nice : )
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Slight Policy Divergence btw RBA and BoCThere is a slight policy divergence between the Reserve Bank of Australia and the Bank of Canada in that the BoC stand more hawkish. Also, there remains a disproportionate polarity in the supply-demand play in oil.
This suggest that the CAD currency will continue to strengthen in the coming weeks and quarters ahead; and, for the trend in the fall of the AUDCAD exchange rate to continue.
*** Please see other posts regarding the BoC.