$ETH -Bullish Smart Money Move - Below The Engineered Liquidity

18 ก.พ. 2021

1869 is the spot I'm eyeballing in or arround that area. As soon as we see a sharp pull back below the "Safe Support" level that smart money has engineered, we should see it hit the median hourl price and or lower at the Bullish Block which should send the price higher. There are two bullish order blocks, a larger one between 1832 and 1857, and a smaller one sitting right on top of the larger one resting about 1860. This is also the 70.5% retracement level for this area. Here's a look at the hourley for the fair value gap that it has dipped into, but hasn't closed or hit the median.

And then here's a look at the Hourly with the Order block resting below as well. it all seems to line up with a bullish move once we get that slight pullback below the engineered "lows".

Looking to Exit at the 150% extension. This should move should start during the Crypto Killzones 12-2pm NY time and maybe end before the end of the day. If Not, I'll re-evaluate the move. Or at least the time. I don't want to set this up and and it pull back at 7:00 p.m. when crypto is usually moving down or sideways.

18 ก.พ. 2021

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Only analysis that has changed is that I may have moved up my entry to about 1874. But that means the target has also moved to 1992. There's a gap that price will reach back to and I'm just going to wait and let it. If it doesn't then oh well. But I'm not jumping in something when I see that it's there.

18 ก.พ. 2021

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Patients. Here's a gap similar on the 8th, it didn't fill until the 14th.

18 ก.พ. 2021

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Above - Yellow horizontal lines represent similar gap left last night marked in blue in the main idea. There's a smaller 5 Min FVG that I think will fill near the median hourly FVG.

18 ก.พ. 2021

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GAP to Gap about $200, That's why I wait for parabolic movements like these to happen and don't chase them

18 ก.พ. 2021

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And in all honesty I think it could possibly snap back further and fill the gap in the yellow in this chart before whiplashing above 2,000. But I think we're going to struggle getting through the bullish order blocks. But if we do get through the stop loss, there is a back up plan.

18 ก.พ. 2021

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Above entry would be about 1790