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zer0
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Bullish
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Last week we smashed the markets, can the rally continue this week?
What are your thoughts on market?
Congratulations to everyone who believes in this crypto thing🥂🍾
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I told you guys the squeeze is coming🍋🍸 $CGPT
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I think $CGPT short squeeze is coming, the funding rate is negative while the coin is up 8%, heat map shows good signs as well! Im taking this opportunity, NFA DYOR Stay safe fellas!❤️
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Oh god, why are you doing this?😭😭
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Hello, everyone! I spent last hour scrolling through this binance little social media thing and i realised that so many here are unexpirienced and doesnt know the simple terms. As im using Smart Money Concept for my trades, I thought maybe sharing some simple terms explained for everyone could help a lot of you! So here i made the SMC glossary( i couldnt post everything here because of the text lenght limitations, but in my profile you can see my latest posts and you can read through it;) ) SMART MONEY CONCEPTS GLOSSARY Break Of Structure (BOS) (CONTINUATION) A BOS is when the price breaks above or below, and continues in the direction of the trend. (CONTINUATION). Break Of Structure Down When the price breaks and closes BELOW the wick of the previous LOW in a DOWNTREND. Break Of Structure Up When the price breaks and closes ABOVE the wick of the previous HIGH in an UPTREND. Buy Side Liquidity (Smart Money SELLS) Where an Order Block forms where Smart Money SELLS into retailers (dumb money) BUYING orders – Pushing the price DOWN. Change of Character (CHoCH) (REVERSAL) Refers to a much larger shift in the underlying market trend, dynamic or sentiment. This is where the price moves to the point where there is a change in the overall trend. (REVERSAL) Change of Character Down When the price breaks and closes below the previous uptrend. Change of Character Up When the price breaks and closes above the previous downtrend. Daily bias Tells us which direction, trend and environment the market is in and what we are looking to trade. Daily bias Bearish When the market environment is DOWN and the trend is DOWN – we look for shorts (sells) in the market.
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Smart Money Concepts SMC is a more sophisticated method of price action to spot, identify and locate where smart money is buying and selling their positions Sweep Buy Side Liquidity (Smart Money SELLS) Smart Money SELLS into positions (and sweeps liquidity) from retail traders who are short (get stopped) and for long traders who buy and enter their trades. Sweep Sell Side Liquidity (Smart Money BUYS) Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades. Feel free to print this out and have it as a guide to your Smart Money Concepts trading journey. #SMCTRADER
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