Analyze BTC wave structure at the 4h and 15m time frames according to the SMC trading method
Ideal POIs discount to look for longs to catch the next 4H bullish leg. Price may not pull back this far as the monenturn is strong Daily supply has not yet been ment. So I will cautiously follow bullish M15 structure that forms if it is clear M15 Swing is bullish Be mindfull it will likely switch bearish when the 4H Swing pullback is ready to strart But there...
In the internal wave of the 4h time frame, the price has just had a downward phase and a liquidation sweep of the previous lows.
Analyze the wave structure of the 4h and 15m time frames according to the SMC trading method
In the 4-hour time frame, there is a retracement in progress, while the 15-minute time frame shows an uptrend forming. Following this logic, the price is expected to rise back to the Supply zone of the 4-hour time frame.
Within a 2-hour time frame, as the trend shifts towards a decline, it is expected that XAU will have a downward price movement.
XAU has broken the 1-hour swing high, indicating a shift in the 1-hour trend towards an upward direction. Therefore, XAU is likely to continue rising, at least up to the 2-hour supply zone.
XAU on the 4-hour timeframe is currently within a substructure wave If the price breaks below the switch low, the uptrend comes to an end.
The 1-hour time frame structure in accordance with smart money concept
The 1-hour chart has not yet closed a candlestick pattern indicating a bottom. We should continue monitoring the chart and look for signs of a bottoming pattern. Once a bottoming pattern forms on the 1-hour chart, we can then consider looking for a counter-trend trading signal.
The price is currently oscillating between the high and low points of the 4-hour wave. To find trading signals using the Smart Money Concept (SMC), we should go to a lower time frame such as 15 minutes.