OK, so... Bitcoin price action has been a bit odd lately. There has been a bunch of fake volume, fakeouts, and sideways tight ranges.
You see how the bottom range of that bearish orderblock is being respected? This level is very key for bitcoin. As a bear, we want to see that level respected, and trade weaker off of it. Sunday's candle made a hammer off of that...
We talked about this in my last video... high probability trade, with huge reward potential
I will talk about this on monday and make a video dedicated to this fractal pattern
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This is what we will discuss on Monday for the weekly forecast, so subscribe to my youtube to get the deep matrix analysis:
We are gunning for that equilibrium at 315. I am confident we will hit 315. What happens next, well... no one is good at forecasting too far out in the future, but I want to point out...
So... On Monday I made a video forecast for the coming week. We discussed a lot of cool stuff, that honestly you won't hear anywhere else. So first off check out this video to see how precise the concepts worked for us
In the video we discussed orderblocks, taught by Inner Circle Trader. The concept...
So, here's a good set up imo. Good Risk to Reward. Price has fallen 25% in 3days into a previously very liquid area of price action.
I'm not sure if Bitcoin is longer term bullish or bearish, but this little trade will let me scoop up so coins with minimal risk, if price goes in my favor I can unload some and reduce risk to 0 as I move stop to break even, then I...
This is how i see the market right now. It is a repeatable cycle. If you keep this framework in mind when youre trading, I think you will make better decisions. I go in depth on it here : ballertrader.com
goodluck good tradin, swag
So how markets work... They revolve around a equilibrium point. We are measuring swings in this chart. A swing in one direction is needed to create an equal swing in the opposite direction.
This is one of the ways I concluded that bitcoin was putting in a low at 160. It's the equal measured move of the 320-460 upswing.
Once this reaction is complete... price...
This was taught to me by ICT. It's how markets work.
the four major market profiles are Trend, Reversal, Retracement, Consolidation, which then breaks out and starts a new trend and the cycle repeats.
Pretty self explanatory. First you have a trend. Nothing lasts for ever, so that trend goes away and reverses. The reversal will then have to retrace just because...
So, first off, I show why I took profit at 225 as per my last published chart. These consolidations are pretty key. Orders get paired here. Price is held at these levels because they are where smart money wants to accum/distribute.
Once we break down, its confirmed smart money is selling this level. So when we return to it, we expect a reaction.
Now, we just...