BodiesXWix

$BTC - Smart Money Technique- Long at Bullish Order Block

Long
BodiesXWix Updated   
BITFINEX:BTCUSD   Bitcoin
***Smart Money vocabulary used so if you are not familiar with Smart Money Technique and you must understand that there is no Supply and Demand, the chart is controlled by an algorithm. Period. If you do not believe that or have an open mind into believing that, you will have a hard time understanding Smart Money Technique. This is what the Big guys with the money don't want you to know that it's an Algorithm****

-SHORT TERM TRADE

53093 IS WHERE THE BULLISH ORDER BLOCK BEGINS, STOP LOSS JUST BELOW THE CANDLE. It could possibly reach to the bottom of the fair value gap at 52844 before moving higher. So if you want to put a s/l there use lower risk, higher risk at the closer stop loss. and then if it hits the stop loss wait until it gets to the bottom of the 15 min fair value gap. It's going to attack the liquidity resting above the short swing highs at 54750. Then it may bounce back from a bearish order block notated by the redlines above (55,100 or 55220) But there are equal highs as well at 55,220 where liquidity maybe resting and there is a redeliver-rebalance candle, tht is the current high skinny candle which creates sort of a incognito gap for the algorithm, th fat bullish candle next to it is that gap and that's where price wants to go first. Once it gets there it may consolidate, retrace even, or just shoot straight up to the top of the 4 hour fair value gap notated by the green box at the top 56011.0,

so thats my short term trade
from 53093
to 56011.0

P.S. It could appear as if it is going up off the the top of the fair value gap, it may hit a bearish order block first then come back down to the 53093. If it goes up and does come back to the bullish order block, well then I missed out on the trade, but I'm waiting specifically for it to come back to the bullish order block

Please forgive my chart, I know it's not the cleanest thing in the world, but you have to keep track of al the little nuances in Smart Money Technique to get it right
Trade active:
It has begun
Comment:
So the most recent 15 min candle closed above the last down 15 min candle. This is showing that bullishness is in place after it had bounced from a bearish order block, the bullishness is still in control as it closes above the last dodwn candle. We're in a good spot.
Comment:
This mens we no have a new Bullish order block that it should bounce from this level of 54036 and its doing that now.
Comment:
One Goal at a time. First, we need to get above this small swing high on the way down. 54369.
Comment:
I was way from the computer but still using my app so I didn't get to update you all on what I did. I got down to the 1 min time frame and place a sell order on 50% of my lots and the last 1 minute up candle at the line just below the liquidity at 54650.0. After I take profit I always move my S/L in the green just at the top of the 15 MIN FVG WHICH WAS AT 54075.0. And I'm Glad I moved it as quick as I did
(1 MIN CHART)
GOT 50 % AT THE Green take profit and the other 50% above roughly 1675 above the start of the trade. But with large lot sizes abd some good leverge, these thare the small types of trades I like to make that will work for me.

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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