$BTC - Just now hitting Discount - Long Term, this is a pullback
FROM THE MOST RECENT LOW TO THE MOST RECENT HIGH, ON THE MONTHLY BASIS,THAT IS HOW YOUR FIB WOULD LOOK. We're just now hitting the discount price at the 61.8% retrace. However, in the market maker sell model, it aims for an area that there's an imbalance in which we haven't spent much time trading within. That would be the monthly gair value gap between 27,800 and 19,000.TRhis is the area Price is aiming for and may consolidate in for a while. Once it is done we should see a return back to the bullish market (wE'RE STILL IN A BULL MARKET BTW) It could take 3 months like it did last summer, or it could take two weeks.
The main thing is that it shouldn't close (Monthly or weekly) below the 19,500 mark. If it does, we're definitely in a bear market at that point and expect a continuous fall. But if it dips down to 16-15k, I wouldn't be surprised to see it turn right back around and comme up to 20-22k and close in the region (weekly or monthly)
around 21,400 there is the median of the monthly fair value gap, also above is a weekly fair value gap, and just below is a daily bulllish breaker. This is where my eyes are set for price to go before a reversal happens.
Stop freaking out people it's not the end of the world. It's called a pullback. Smart Money will help you in developing these ideas so your not selling off everything you own. You need to know how and when the market is timed and what it looks for. 1 It looks for Liquidity and 2 it looks for i mbalances. This area seeks both. It couldn't be amny louder and more apparent
Keep on keepin on
The main thing is that it shouldn't close (Monthly or weekly) below the 19,500 mark. If it does, we're definitely in a bear market at that point and expect a continuous fall. But if it dips down to 16-15k, I wouldn't be surprised to see it turn right back around and comme up to 20-22k and close in the region (weekly or monthly)
around 21,400 there is the median of the monthly fair value gap, also above is a weekly fair value gap, and just below is a daily bulllish breaker. This is where my eyes are set for price to go before a reversal happens.
Stop freaking out people it's not the end of the world. It's called a pullback. Smart Money will help you in developing these ideas so your not selling off everything you own. You need to know how and when the market is timed and what it looks for. 1 It looks for Liquidity and 2 it looks for i mbalances. This area seeks both. It couldn't be amny louder and more apparent
Keep on keepin on
Comment:
It happens to appear that the neared 25,000 and it started to rise (entered the monthly fvg and just entered the weekly fvg) but I Have a feeling the price will continue to fall until it hits the median of the monthly fvg to thje bottom of the monthly FVG. Be careful of a needed bullish run, as it could easily turn into a fake out. and drop further. I'm still looking at the median of the monthly. If it doesn't happen this time, it may return in a few months hit that price.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.