The_ForexX_Mindset

Smart Money 3 Trend Lines

Short
COINBASE:BTCUSD   Bitcoin
Evaluated and found an additional two smart money trend lines. Total 3, view price ranges to the right. All I did was retraced.

Above laid Smart money Contraction
Comment:
Comment:
So far price has stayed within the first trend line
Comment:
I now have an additional 2 bull print outs besides the 4 that are pending
Comment:
Be careful. SMART MONEY MAY BE PLANING A UNSUSPECTED DUMP.
Not saying it will. Odd volume going on.
Comment:
This is only an update add on to show the trend movement.

Comment:
Remember mates, this can take up to 3 days before I receive a Sell signal in which I can share when smart money pulls out.
It’s been a win 3for3 so far from last 3 times from buying and selling signals. I’ve been using this strategy according to smart money entry and exiting.

Soon I’ll be applying longer time frames but not just yet until the 2MO TF gets rejected as BULL either take over or when 2MO is over.
It’s risky to go long for now.
Comment:
Remember hidden double bottom which reads 3 prices:
1. 65,881 at 1%- target reached
NEXT TARGETS
2. $67,103 at 1.5%
3. $68,304 at 2%
Comment:
Custom MACD reads price to reach at $67,396 then dips to $66,958 then moves back up to $67,396.
Comment:
Above said, that’s MACD but does not mean smart money has made that decision to dip, I’d take MACD as guidance.
Comment:
Double top second target reached $67,103 at 1.5%
Comment:
Excuse me, I meant double bottom, I keep confusing both.
Comment:
This is what I’m talking about baby; keep going up.
MACD price reading $67,396 target reached and BTC reads to stay stables as of now within the 67K zone for now. May change.
Comment:
FYI: My BULL CLOUD has just appeared. it’s now following my trend. This means for the next 15 minutes to an hour or more, will be all bullish.
Comment:
MONEY always moves from inpatient hands to patient hands as my trading teacher says:)
Comment:
Please bear with me. I'm still a ROOKIE at trading. Soon I’ll be a veteran, then hopefully a professional trader.
Comment:
Wanting to break supply zone and liquidity at $69k.
Comment:
4hr TF looks good. Smart money RSI OVERBOUGHT.
No sell signal yet.

Indications of a dip
Comment:
There’s a $66,498 gap. May or may not get filled yet. Maybe later.

My no sell reads pullback in process.
Comment:
Sell signal confirmation. Do not exit because I mentioned sell signal. Do your own research.
Comment:
Ok, since now the buy and sell is complete, I’m sure many were profitable.
Now we are 4for4 win win.
I’m only using smart money buying and exits.

Does read pullback and 4hr TF looks good.

Shorter time frames are high risk, in my SMART MONEY volume reads overbought.
Comment:
Gap target reached at $66,498
Comment:
Reads to pullback.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.