TradingView
mahad12334
Dec 19, 2020 9:35 PM

SELL LIMIT ORDER BTC -  Short

Bitcoin / United States DollarCoinbase

Description

BTC SELL LIMIT
TESTED THE 50% OF THE ORDER BLOCK OR THE INSTITUTIONAL CANDLE

Trade active

ORDER BLOCK STRATEGY.
Order blocks are places where smart money try to grab the liquidity of the retail traders and therefore break structure. The last candle before an impulsive reversal occurs

HOW SMART MONEY MAKES MONEY FROM ORDER BLOCKS


Smart Money makes money by grabbing the liquidity from the retail order that were waiting for a reversal in the opposite direction.
- this chart shows how smart money are able to hedge against themselves by selling then buying back and still remain profitable

HOW CAN YOU TRADE ALONG SIDE SMART MONEY?
- Buy when the market retests wither the 50% of the order block candle or the open of the order block candle

FYI – order block candles are also sometimes called institutional candles so if you want to do your own research then make sure that you keep that in mind
Comments
Trendweek
Thanks @mahad12334. Looks like you were right about the short-term BTC move downward
Trendweek
Please explain what this means
mahad12334
@Trendweek check out the thing I just attached now, maybe that'll help you out
More