$APE and Your Fib Matters - Price at premium to sell *SMT*

*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.

Start thE 0% of the fib at the candle that has the big drop that is the first out of line of running sideways. Run your fib 100% to the bottom, price has retraced to an institutional premium in whic it should then Sell off. This is TEXTBOOK SMART MIONEY TECHNICAL ANALYSIS

Previous Listing Deleted (odd text got on the chart somehow)

Commento:

If you're a Smart Money Trader, check out the indicator tool I found that these awesome people buit. It presents fair value gaps, order blocks, rejection blocks, and High Volume Candles. My bottom indicators are the Williams %R for volatility and the ATR (Average True Range) You can avoid stop losses by the tiniest fraction if you use the high of the ATR and iuse that as your basis for your stop loss.

Trade attivo:

Red X above the next bar indicates that the candle is the Premium. I was correct about the premium, now lets hope it follows my path

Commento:

It did make a bullish turn but it did not close above the previous close. Also, Fir value gap below could mean qwe see the fill of the imbalance and a close at the bottom would continue aeariash direction. It's border line so we'll just have to wait and see. It's pushing that up close but I think that's smart money trying to get reel in retails traders to bite for the buy.

Commento:

After getting another good look, I noticed the fairly equal lows around 11.90. Yes IT IS appearing Bullish, but most bearish charts retrace to the 80% marker of the current wave before a negative reaction occurs.It hit thwe bearish order block and did not even think about closing above that. I see the price attacking the selll side liquidity ant the equal lows and continuing lower now.

Commento:

Volatility high in the Williams %R but the ATR isw low at 5 cents. Doesn't make sense. This original stop loss is incorrect move it back to 12.36 as pictured

Commento:

IT BROKE SELL SIDER LIQUIDITY 1. Now its time to break the second. I'm aiming for the 127 extensino first as thwew is a Large FVG that starts there;. 80% WILL BE TAKEN OFF THEN 10% At 150% and the last 10% as a trailor

Commento:

Nailed it and then some. I shoui've aimed for the 262% because that's where it went. #SmartMoney in action (Yes i know it says -162% but that's the 262% I put them as negatives so I don't have to flip the chart to get the extensions.)

Trade chiuso: obiettivo raggiunto:

And more. My Iwas asleep so my 20% trailor went a long way.