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Victors Trading Blog #2

VI victordwagner

victordwagner

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BTCUSD Live Trade in m1 using SMC and Fibo Trading 

Crypto

Bitcoin

Here we see that we dipped into the Bullish OB on the h1 with a retest of the candlestick gap

This gap can be further defined in the m15

Now, looking at the m5 we see a liquidity run below the low at around 11am

After a run up to 67400 there also was a bullish Breaker signaling further upward movement. After the run up toward 67480 were retesting the superordinate bullish Breaker that will get us closer toward the Buyside Liquidity resting above the equal highs from the m5.

Trade (m1 Scalp)

Setups like this prove to be really nice scalps. In this instance, a $91.4 move using the 50% mark in from both the breaker and the FVG.

If you are an Elliott Wave guy, you can also see the nice 5 wave impulse following a 3 wave correction. 

Which means there's another correction on its way...

Dip into the OB
Dip into the OB
Rejection at the inverse FVG and will go down further into the OB than the first time 
Rejection at the inverse FVG and will go down further into the OB than the first time 
Further down into the OB as mentiond above and will now reach for the high market above and into the IFVG
Further down into the OB as mentiond above and will now reach for the high market above and into the IFVG
Retracement which will not get us towards the 1.27 Fibonacci and the FVG below
Retracement which will not get us towards the 1.27 Fibonacci and the FVG below
Strong upside movement
Strong upside movement
Hard rejection at the FVG down to the +Breaker, possibility for adding to the position
Hard rejection at the FVG down to the +Breaker, possibility for adding to the position
Scalp TP reached
Scalp TP reached
Done for the Day with Trading
Aftermath and why it is important to take profits
Aftermath and why it is important to take profits

If you wanted to trade higher, this would obviously have been a very nice short as it reached for BSL

Going from BSL to SSL
Going from BSL to SSL
mtc
smc
crypto
stocks
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