Institutional
EURJPY: go short for 133 pips (3.7 RR)Indications that suggest a move to the downside within the next few days:
- A completed liquidity run above last week's high, with subsequent bearish institutional candles
- Completed W formations that have reached reversal zones of fib confluences
- A liquidity void to the downside that needs to be covered
- Gann based time/price projection
$BSV Correction - It's Usually the 70.5% - Institutional TradingI normally wouldn't try to make a call on something like BSVUSD. But when the bearish order block just happens to align perfectly with the 70.5% retracement level, I have to say something about it. So don't get too excited, don't get the FOMO. Wait patiently for the correction to hit between 217 and 207 and that's when I would likely be entering the market. If it's institutional Money in the room they always give themselves a second chance at entering the market at a discounted price. and 70.5 is almost always the "go-to" discount.
It also made near equal highs to the previous spike/swing high in 2020 of 325. (Chart here)
Meaning when it reaches that point again there will be a lot of market liquidity, people shorting it or buy stops trying to run through it. It will run through it but only slightly to take out the shorters. Then a pull back just enough to take those that were putting in buy stops, expecting the bounce at the high, and it will go lower to take those retail traders out. Until we eventually hit another bullish order block and see the bull market continue. It will be funky, so be careful and know when to enter. Be dillligent as this evolves.
Hopefully, this brings some insight into this price action. Be diligent and pay attention. Especially if you have an exchange that doesn't allow limit orders like Coinbase.
Good Luck and Good Trading
$ETH - Institutional Trading In CryptoEthereum may be gassing out due to exhaustion. However, it may just be searching for liquidity which it will find just under the receent equal lows about at the 150% extension of the current High and recent low/drop. I suspect it may come back up as a fake out and fall short of the high due to the bearish order block. There's a pretty significant trendline which will bring a lot of Liquidity in the market, I would expect it to sell through that and then below the equal lows as already noted above. After that, I still have a Bullish outlook on ETH. Just be careful of the drop and have some buy limits set to enter that the best time.
Good Luck and Good Trading.
GBP/USD No 1) From Institutional Stand Point There is And Wick entry Which Could Take place.
No 2) The Boss of all Confirmation !!
15 Minutes Break and Retest Divergence.
No 3) Price just hit the Trend for the 4th TIme and Reacted so, What you are expecting that it is going to do when it comes down again !!
Indeed Destroying that trend and going Short !!
No 4) If you Check this particular Pair you on 1 or 4 hours time frame It has already formed a wedge pattern and the price is botteling inside of it !
Rising Wedge === Short !!
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PS- I learned BlacJac Theory and Divergence Trade From One and only Manny Q ( Master Millionare Educator Of IML)
Wyckoff - Price CycleTextbook educational example of the Wyckoff Price Cycle, focusing on; Accumulations, Distribution, Markups, Markdowns, The Spring and UTAD.
The graphic doesn't take into consideration the finer details of both the accumulation &/or distribution schematics nor does it focus on the re-accumulation / re-distribution schematics.
Please see our other ideas for a specific breakdown of the above ^
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Phantom
Basic Concepts of Liquidity Truly understanding 'why' the market moves through basic concepts of Liquidity
This basic analytical overview is derived from the institutional methodology used at Phantom Trading.
We use this institutional methodology commonly known as 'smart money concepts' in conjunction with additional pieces of confluence to utilise Liquidity around the factualities of the market.
Within the graphic is 'reads a story of transitional money flow' in a clear, concise manner based on a 'vanilla / utopian / textbook' setup.
At the extremity we can see the absolute 'swing high' creating a BMS (Break of market structure) followed by an impulsive continuation to the downside showing 'Bearish' Intent, the market tapping into demand & buy side liquidity has then correctively navigated back towards the previous swing high, printing what is commonly known as a 'double top' where several 'trading styles / types / characteristics' come into play - Front running 'Breakout traders' , Double-top' traders and the more patient Trend continuation', 'Breakout & Retest' traders. Knowing and understand concepts of Supply / Sell side liquidity around these levels we classify these as EQH - equal Highs as Liquidity is manufactured in these specific regions filling bids & offers.
Once we have 'swept the liquidity' above the EQH it provides us with additional opportunities to Short the 'asset-class'
The numbers seem unreal, but when you zoom out it looks logicalFor years there has been talk of "expanding cycles" and how this bull run will take longer than ones in the past. This may not be the case. Institutional FOMO is setting in and bringing in a whole new class of investor that bitcoin has never seen before. I believe these deep pocket, strong hands will cause bitcoin to rally faster than anyone is expecting.
I am not a professional or a licensed financial adviser. This is for educational purposes only and is not advise to buy or sell.