๐ฏ $BTC
: From the purge under $62,240 to the breakout toward $65,000! SMC scenario in action ๐
Look at this 2H chart on BTCUSDT (Bybit): the Smart Money Concepts (SMC) scenario played out exactly as predicted!
While most people panicked during the drop, the algorithms were setting up their territory in the demand zone. Hereโs a breakdown of this move:
๐ 1. Hunting Sell-Side Liquidity ($$$)
Price came to sweep the liquidity below the major low at $62,240. A perfect injection wick to trigger retail Stop Losses, liquidate long leverage, and fill institutional order books.
๐ 2. Accumulation in the Order Block (OB)
The reaction on the demand zone ($62,500 - $62,800) provided the perfect anchor point to trigger the bullish wave with a massive Gain/Risk (R:R) ratio.
๐ 3. Target Hit & Retracement ($65,000+)
The impulse propelled price straight toward the high-side liquidity (Buy-Side Liquidity) at $65,016 - $65,112. The current reaction around $64,268 shows a very legitimate profit-taking move under the resistance area.
โ ๏ธ My Plan going forward:
Donโt try to chase price in the middle of the structure. Iโm watching the reaction of the imbalance (2H FVG) left behind during the rise. Iโm waiting for a structure-change confirmation (MSS / ChoCh) on smaller timeframes (15m/5m) before considering a new position.
๐ Click the widget $BTC just below to open the interactive 2H chart, identify the $64,200 zone, and set your alerts!
So, did you secure your profits around $65,000 ๐ฐ or are you waiting for another refill lower ๐? Share your plan in the comments! ๐
#Write2Earn #Bitcoin #BTC #SMC
: From the purge under $62,240 to the breakout toward $65,000! SMC scenario in action ๐
Look at this 2H chart on BTCUSDT (Bybit): the Smart Money Concepts (SMC) scenario played out exactly as predicted!
While most people panicked during the drop, the algorithms were setting up their territory in the demand zone. Hereโs a breakdown of this move:
๐ 1. Hunting Sell-Side Liquidity ($$$)
Price came to sweep the liquidity below the major low at $62,240. A perfect injection wick to trigger retail Stop Losses, liquidate long leverage, and fill institutional order books.
๐ 2. Accumulation in the Order Block (OB)
The reaction on the demand zone ($62,500 - $62,800) provided the perfect anchor point to trigger the bullish wave with a massive Gain/Risk (R:R) ratio.
๐ 3. Target Hit & Retracement ($65,000+)
The impulse propelled price straight toward the high-side liquidity (Buy-Side Liquidity) at $65,016 - $65,112. The current reaction around $64,268 shows a very legitimate profit-taking move under the resistance area.
โ ๏ธ My Plan going forward:
Donโt try to chase price in the middle of the structure. Iโm watching the reaction of the imbalance (2H FVG) left behind during the rise. Iโm waiting for a structure-change confirmation (MSS / ChoCh) on smaller timeframes (15m/5m) before considering a new position.
๐ Click the widget $BTC just below to open the interactive 2H chart, identify the $64,200 zone, and set your alerts!
So, did you secure your profits around $65,000 ๐ฐ or are you waiting for another refill lower ๐? Share your plan in the comments! ๐
#Write2Earn #Bitcoin #BTC #SMC