DAILY TRADE SETUP

But sincerely BTC will see more downwards side because from this chart BTC didn't give any form of reversing from the daily

The next place it's aiming is this 48978.13 level. check it on the chart

This is not magic I told you it's with it taps into my level or it won't get there but can't go above it because so many traders were liquidated at that zones yesterday and you have confirmed it yourself, if not for the fast reversal it would have triggered me that's my trading pattern I use liquidity levels, were smart money have liquidated people already and same thing happened on ustech today, my level of 62596 still marked

Yeah this is very cool

BTCUSDT doing the most

Once liquidity is taken price moves very faster taking out most levels before retesting some levels

I was having a bullish bias for Eurusd, but change my plan after dxy started showing a bull strength since they are inversely correlated, my plan now is if price breaks below 1.13511 successfully on EURUSD I will sell at the retest of the 1.13614 level because there is a fair value gap there

refer to dxy chart too

The sells I took I was stopped out on BE

That's a sign that market participants are trading huge volumes. They don't wait for anybody, they just sell off like that

I'll still expect the buys. Just not with good volume this week.

The move is always very fast because it's an institutional engagement but there are times they accumulate positions before moving price but so many times they don't wait to accumulate they just make their big moves, price currently making some retracement movement back to 61178 level, from my view the 61178 to 61804 level is a good point for price reaction, a break above it gives an invalidation on 62596 level which is where my entry is

Yes you're right

It's an institutional move

There are times they will be an accumulation after the break before the rally but at time no accumulation after the break before the rally it will just break and continue look at the price chart on ustech there was a price accumulation after the break at 30259 to 30457, but BTC there was non, since it's an institutional engagement the move can be very speedy

Yeah the difference is clear. Maybe BTC hasn't entered an accumulation phase yet

No rather BTC didn't accumulate before pushing more further, look at the charts clearly ustech taking out stops of traders broke below the broke a key structure level before accumulating and then rallied down while BTC after taking out stops of traders, broke below and broke a key structure level without accumulating and continued the downward movement, take your time and study them loo at the difference chart closely

Ooh I see

I get it now

I would have had better chances to be triggered on ustech than the BTC because at ustech price didn't just move immediately downwards but accumulated small around the price range of 30259 and 30457 before running down but BTC didn't wait but went down very hard

Yeah right

I anticipate opportunities on BTC because the market doesn't close on weekends

But not everyone loves BTC because it takes out liquidity many times BTC can't move successfully without taking liquidity looks at this chart and that's why I love it, before I hated BTC because it will always stop me out but since I learned that it just first take out liquidity before engaging I would always see it do that before trading you can see the sweep above 70909

Yeah I see that

I like BTC because it follows SMC very well. The thing of sweeping liquidity before moving, is how we trade SMC

SMC teaches a lot sha but not everyone gets to profit from it