BTC Price Action and Liquidity Narratives
BSL = Buyside Liquidity (i.e., buy orders from Shorts)
SSL = Sellside Liquidity (i.e., sell orders from Longs)
P+R = Purge and Revert
EQH = Equal Highs
EQL = Equal Lows
OB = Order Blocks
BOS = Break of Structure
LSH = Last Significant High
FVG = Fair Value Gap
I exited a little too early at the first leg of distribution, as I was expecting a bit of a retracement before Price went after the second leg. Instead, it went straight for both legs of liquidity before the massive retracement to the anticipated areas down below from my prior post.
If there is no upside break of structure followed by a retracement for lower risk Longs, I won't look to go Long until Price gets back below the most recent Lows from September 6th.
I probably won't post for a while in order to focus on my own analysis and trading (I need to sharpen my precision and deepen my own understanding). All concepts used here can be learned from ICT and from the SMC community to a lesser extent. If these concepts interest you, I recommend you study from the free resources available on Youtube etc. in order to find your own setups for entries / exits. This post is only intended to highlight a logic and framework for viewing the markets. I don't recommend aping into trades based on the ideas posted on TradingView or anywhere else, regardless of the system or framework presented.
SSL = Sellside Liquidity (i.e., sell orders from Longs)
P+R = Purge and Revert
EQH = Equal Highs
EQL = Equal Lows
OB = Order Blocks
BOS = Break of Structure
LSH = Last Significant High
FVG = Fair Value Gap
I exited a little too early at the first leg of distribution, as I was expecting a bit of a retracement before Price went after the second leg. Instead, it went straight for both legs of liquidity before the massive retracement to the anticipated areas down below from my prior post.
If there is no upside break of structure followed by a retracement for lower risk Longs, I won't look to go Long until Price gets back below the most recent Lows from September 6th.
I probably won't post for a while in order to focus on my own analysis and trading (I need to sharpen my precision and deepen my own understanding). All concepts used here can be learned from ICT and from the SMC community to a lesser extent. If these concepts interest you, I recommend you study from the free resources available on Youtube etc. in order to find your own setups for entries / exits. This post is only intended to highlight a logic and framework for viewing the markets. I don't recommend aping into trades based on the ideas posted on TradingView or anywhere else, regardless of the system or framework presented.
Time. Price. Liquidity.