SMC
Bitcoin might drop back to 40k SMC Hi traders, Here's my view on $BTC
Bitcoin is approaching an unmitigated OB and last imbalance, this imbalance is common on 30m & 1h, (44560) and on 15 m chart, another imbalance is there which might retrace till 50% of the 1h OB ()
For entry avoid getting in at 44560 , let it grab liquidity first and short on the mitigation of the levels
SL above OB & start trailing once imbalance () is filled
DYOR, I'm new to SAMC Concepts 😎
Trading with SMCThis is how you trade using SMC
1. First look for BOS
2.Then mark Swing High & Swing Low
3.Mark Bearish OB
4.Wait for Retracement to Bearish OB
4.1 -- Look for Counter trend LTF BOS
4.2 -- Look for Bullish OB
4.3 -- Take entry and target Bearish OB
5. Look for Bearish LTF BOS
6. Mark LTF Bearish OB & Take entry