Bitcoin / TetherUS . 1D
Hello and greetings to my dear trader friends,
especially to the beloved Bitcoin traders and holders. For several consecutive days, I have been analyzing the price movements of Bitcoin (on the monthly, weekly, daily, and 4-hour time frames) to provide you, dear traders, with a complete and comprehensive opinion, and to showcase the beautiful logic of the Smart Money style in analyzing this chart.
My dear friends, in the professional Smart Money style, we have only 2 Order Blocks in each structure, which are identified as Decisional Order Block and Extreme Order Block. For each structure, we have 3 main scenarios, while the subordinate scenarios are not included due to their abundance, which are as follows:
1. The price, after collecting the desired liquidity and reaching the first Order Block (Decisional Order Block), creates a Break of Structure (B.O.S) without breaking the trend line.
2. The price, after collecting maximum liquidity by entering the second Order Block (Extreme Order Block), creates a Break of Structure (B.O.S) without breaking the trend line and returns to its main path.
3. This occurs when the excessive excitement of a currency in the market is unable to gather enough liquidity to continue its movement (it does not have the opportunity for a proper correction); thus, a Change of Character (CHoCH) happens.
Now Bitcoin is preparing for the second scenario. To reach the Extreme Order Block, it must create an upward movement and bring the price to the last buying area of institutions and banks so that the banks can exit at the breakeven point. This movement creates a wave that brings the price to the lowest area of the structure (Extreme Order Block). If the currency can gather the desired liquidity without breaking its trend line, it will return to its main movement, which is its bullish movement. If this important Order Block in the structure fails to provide that liquidity due to the overwhelming selling volume, it will exit the structure, and CHoCH will occur in the daily time frame.
<<A few notes:>>
How is market excitement created? Economic and social news related to currencies.
The structures and the fractal market include {tick structures (which can only be monitored and traded by smart robots), minute time frame structures, hourly time frame structures, daily time frame structures, weekly time frame structures, monthly time frame structures, and finally annual time frame structures}.
Let’s return to the discussion about Bitcoin. Bitcoin was unable to continue its bullish trend at Order Block number 1, and due to a lack of buyers, the trend line was broken, and we saw a severe initial drop. Now, the market makers of this currency are trying to bring the price of Bitcoin back to the last purchases to keep their market dynamic (meaning to have volatility, which is the main goal of a market maker; creating volatility means having buyers and sellers for the currency, and the higher the price of a currency, the higher the trading volume and the larger the fluctuations). This leads market makers to earn more profits.
Now I have identified the best area to enter a sell trade before the currency reaches the Extreme Block. I hope the price enters this area so that we can achieve this sweet trade in the daily time frame. The chart has been drawn very smoothly and simply for the benefit and use of my dear friends.
Thank you for your support, friends. This encourages me to take the time to prepare these analyses for you with greater accuracy. And a final word: please accept the risk of trading and then enter the trade. Use safe risk management because the market is variable, and no verse has been revealed that everything will move according to our wishes.
Sincerely,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
especially to the beloved Bitcoin traders and holders. For several consecutive days, I have been analyzing the price movements of Bitcoin (on the monthly, weekly, daily, and 4-hour time frames) to provide you, dear traders, with a complete and comprehensive opinion, and to showcase the beautiful logic of the Smart Money style in analyzing this chart.
My dear friends, in the professional Smart Money style, we have only 2 Order Blocks in each structure, which are identified as Decisional Order Block and Extreme Order Block. For each structure, we have 3 main scenarios, while the subordinate scenarios are not included due to their abundance, which are as follows:
1. The price, after collecting the desired liquidity and reaching the first Order Block (Decisional Order Block), creates a Break of Structure (B.O.S) without breaking the trend line.
2. The price, after collecting maximum liquidity by entering the second Order Block (Extreme Order Block), creates a Break of Structure (B.O.S) without breaking the trend line and returns to its main path.
3. This occurs when the excessive excitement of a currency in the market is unable to gather enough liquidity to continue its movement (it does not have the opportunity for a proper correction); thus, a Change of Character (CHoCH) happens.
Now Bitcoin is preparing for the second scenario. To reach the Extreme Order Block, it must create an upward movement and bring the price to the last buying area of institutions and banks so that the banks can exit at the breakeven point. This movement creates a wave that brings the price to the lowest area of the structure (Extreme Order Block). If the currency can gather the desired liquidity without breaking its trend line, it will return to its main movement, which is its bullish movement. If this important Order Block in the structure fails to provide that liquidity due to the overwhelming selling volume, it will exit the structure, and CHoCH will occur in the daily time frame.
<<A few notes:>>
How is market excitement created? Economic and social news related to currencies.
The structures and the fractal market include {tick structures (which can only be monitored and traded by smart robots), minute time frame structures, hourly time frame structures, daily time frame structures, weekly time frame structures, monthly time frame structures, and finally annual time frame structures}.
Let’s return to the discussion about Bitcoin. Bitcoin was unable to continue its bullish trend at Order Block number 1, and due to a lack of buyers, the trend line was broken, and we saw a severe initial drop. Now, the market makers of this currency are trying to bring the price of Bitcoin back to the last purchases to keep their market dynamic (meaning to have volatility, which is the main goal of a market maker; creating volatility means having buyers and sellers for the currency, and the higher the price of a currency, the higher the trading volume and the larger the fluctuations). This leads market makers to earn more profits.
Now I have identified the best area to enter a sell trade before the currency reaches the Extreme Block. I hope the price enters this area so that we can achieve this sweet trade in the daily time frame. The chart has been drawn very smoothly and simply for the benefit and use of my dear friends.
Thank you for your support, friends. This encourages me to take the time to prepare these analyses for you with greater accuracy. And a final word: please accept the risk of trading and then enter the trade. Use safe risk management because the market is variable, and no verse has been revealed that everything will move according to our wishes.
Sincerely,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
บันทึกช่วยจำ
Hello again,
Never think about holding Bitcoin. I have made it clear! This move is for exit! I want to see how this train will be able to brake when all banks and institutions coordinate and start selling. This is the market, and it has always been this way—buying and selling—and this chart clearly indicates that I do not have the liquidity to continue, for thousands of valid reasons, ranging from the war in the Middle East to registering a new ceiling for gold! And it is a mere illusion to continue holding.
Moreover, by selling in the specified area, you have saved your investment. If the market decides to break the new ceiling, be smart! Because after stabilizing the new ceiling, the market will return to this important level to collect liquidity again. Then, you can make a reliable and future-oriented purchase, as the new ceiling will be tested again, just like Bitcoin’s first move when it saw 64,000, pulledback,saw
64,000,pulledback,saw64,000 again, pulled back again, established a new ceiling, and then pulled back once more.
Now, the best decision is to exit the market so that you can buy at reasonable prices. This market will give you profit if you are alert and can take advantage of the fluctuations. Otherwise, just forget it and don’t look at the charts until 10 years from now; then come and check your account. If you're not this type of trader, I'm saying it so you can be aware, my friend.
Sincerely,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
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