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