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Innercircletrader

WILL $MATIC BOTTOM AT $0.37 BEFORE THE BULL RUN STARTS?Polygon- A fundamentally strong ecosystem that has been bridging the gap between Web 2 and Web 3 by onboarding new users through various partnerships. $MATIC is the native currency in the ecosystem. The answer to the question in the title is most probably. With this said, lets dive into the analysis below: The current macroeconomy is bearish which limits the growth potential for majority of the asset classes including the Crypto market. This limitation results in fundamentally strong coins/ tokens to stagnate or decline in price. This enables us to position ourselves accordingly for the next bull run. Now we take a look at how we can position ourselves using technical analysis (Pure Price Action). My confluences for expecting lower prices for $MATIC: - The macroeconomy is looking bearish for the coming months. - There is a clear Fair Value Gap between $0.60- $0.68 which will very likely be filled before any rally. - There is Sell Side Liquidity below current price denoted by the $ sign that are attractive for smart money to raid. - There is a Bullish Order Block that has not been tested as yet. I will be looking to take full profit from any Short position I enter upon reaching that Bullish OB around $0.40. Long positions are set to be opened below $0.40 (preferably $0.37). This is Not Financial Advice, this is for educational purposes only. With this said, Happy Trading Pals.
MShort
by Evaliste
EURUSD potential Forecast CPI news | Tuesday 13th December 2022Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Tuesday, 13th December 2022 for the US CPI news release . Idea Those are possible trade ideas with buy stop and sell stop on the chart. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Long
by DogeStonks
7
EURUSD potential Forecast | Monday 12th December 2022Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Monday, 12th December 2022. Idea Looking for price to possibly continue bearish, taking out the previous daily low and possibly head towards the 1.04880 area where the SSLQ & 70.5% Fibonacci line are located. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Short
by DogeStonks
1
EURUSD potential Forecast | Thursday 8th December 2022Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Thursday, 8th December 2022. Idea Looking for price to possibly tap into the 1.04841 area where the 61.8% Fibonacci line and FVG are located. Expecting price to possibly reverse from that area to clear the liquidity resting above. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Long
by DogeStonks
1
EURUSD potential Forecast | Tuesday 6th December 2022Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Tuesday, 6th December 2022. Idea 1 Looking for price to possibly tap into the 1.04798 area where the H1 demand and 70.5% Fibonacci line is before taking a long to the upside, clearing the previous daily high, bslq & the daily FVG. Idea 2 Looking for a strong displacement to the downside for price to break the previous daily low before clearing the SSLQ Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
by DogeStonks
1
EURUSD potential Forecast | Monday25th November 2022Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Monday, November 28th 2022. Idea Looking for price to possibly continue it's bearish retracement downwards at least towards the 0.5 Fibonacci line. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Short
by DogeStonks
1
EURUSD potential Forecast | Friday 25th November 2022Hi there guys, I mainly use ICT + Smart Money Concepts for my trading. Here's a trade idea for Friday, November 25th 2022. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift Analysis - Grey Box Asian Session - Previous daily high / low Scenario 1 Long: Price could possible form a MSS at 1.04293, before looking for a possible retracement buy to the upside clearing out the Previous Daily High. Scenario 2 Short: Price could possible form a MSS at 1.04046, before looking for a possible retracement sell to the downside clearing out the Previous Daily Low. For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
by DogeStonks
3
EURUSD Trade Recap | 22nd November 2022Hi there guys, I mainly use ICT + Smart Money Concepts for my trading. Here's a trade recap for a trade I took on 22nd November 2022. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift Analysis - Noticed the Asian high as buyside liquidity - Saw a clear shift in market structure with strong displacement - M15 FVG Entry After price caused a MSS with strong displacement, I took an entry at 1.02573, where the m15 FVG is located. I targeted the Asian Highs as take profit since I'm a intraday scalper. For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Long
by DogeStonks
2
EURUSD potential Forecast | Wednesday 23rd November 2022Hi there guys, I mainly use ICT + Smart Money Concepts for my trading. Here's a trade idea for Wednesday, November 23rd 2022. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift Analysis - Nice order flow on the h4 chart - 4hrs FVG mitigated Idea Since price reflected off the H4 FVG strongly pushing price back to the upside, I am expecting price to possibly head towards the H4 FVG at 1.03377, before I look for a potential short scalp. For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Long
by DogeStonks
8
EURUSD potential Forecast | Tuesday 22nd November 2022Hi there guys, I mainly use ICT + Smart Money Concepts for my trading. Here's a trade idea for the beginning of this week, Monday, November 21st, 2022. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift Analysis - Nice order flow on the 1hr chart - 2 MSS in a row confirming the shift in market - 1hr FVG mitigated - 4hrs Breaker Line - 50% Fibonacci line Idea Expecting price to possibly continue it's bearish momentum into the 1.02088 discount area where the 50% Fibonacci line and 4hrs Breaker line are located. For entries, always use confirmations on the smaller timeframes! Stay safe trading! Feel free to follow me, comment + boost this post if you guys enjoyed this! Regards, Chen Yongjin
Short
by DogeStonks
8