Smart City BackBone

EDIT: FTM - What was once a Scalp, is now the Change of Direction. The Hammer Did Drop. *Smart Money Concept - Breaker Lesson*


I was anticipating a lower Price for FTM before the winds changed it's direction. And is the bearishness completely over? 


Well for now... YES! But let me Explain because it may take a moment and those unfamiliar with Smart Money Concepts, will surely get lost

Previously I was waiting for the price to get below 0.495652 or somewhere around that area. Why? Because that would make an equal low from the 1st of this month of February, 2023. And below a "would be" equal low, sits a lot of liquidity. Liquidity is an area where most traders would have their  buy limits, sell stops for one direction or Buy Stops and Sell Limits the other direction. However, What I did NOT take to account  was for the amount of Bullish Breakers FTM would create in its 2023 path.

Getting below that price would've had so many retail traders buying that all smart money or Institutionalized traded money (And there's plentuy of institutional Money) that it would've flooded the crypto market so hard that, again, that smart money would've had no chjoice but to sell off as quick ass possible while shorting to save their accounts and their assets. But maybe that was the point Change the direction a little earlier and people stilkl think thjeyu haven't missed the boat. If you want to note that I called for a scalp near the current bottom yesterday around $0.523 (see link: https://www.publish0x.com/technical-analysis-smart-money-concepts/ftm-quick-scalp-now-smart-money-technical-analysis-xzgervo) Then I was just waiting for it to hit another wall and drop. But I wasn't just waiting for any drop in price I was looking for something that would've caused soke Van Damage snd straight to my anticipated price range area  in 5-15 min... maybe 30 tops. But it never did a drop like that. Well it did after it had already broken structure pf the 4 hour candle chart (See below)

4 HOUR BoS / CE

EDIT: This was the type of hammer drop I was looking for. Shortly After I published this article I could see the price start fropping even lower and thought " It's going to do what I originally thought it was going to do" and it did

HAMMER DROP

 

As it approaches the current 4 hour breaker after the break of structure (You'll see BoS soetimes on charts) Now is time to take full advantage of going long on what I thought was going to be a scalp, and it's time to capitalize on the mistake.

As previously mentioned there are were a string of  Breaker Blocks or Breaker Candles that lead me to this decision. And for those that don;'t know what a breaker is, do me a favor and backtest this on every chart. Look for the Low, High, Lower Low or the High, Low, Higher High formation in every chart. Usually people see this as a sign of reversal, if trending the opposite direction  (Bullish for the first formation bearish for the second formation) but it happens so often, I couldn't see that. After the High in the LHLL and after the Low in the HLHH, if Price happens to run through that Low or High candle withihn your specified time frame, price range pof that candle is now support (High) or Resistance (Low) of their formations. In this case we have a lot of LHLL formations Here's a few charts with them drawn out and labeled and its distinctly a smart money move. Why? Because they control the charts, we don't. And only they would stop in what most would consider a goods run and turn it around. (I try to annotate every Breaker with a L H LL Markup Text)

Breaker formations on top of order blocks

previous

4 HOUR CANDLE - 1 HOUR CHART

Look at the obvious support i this one, doesn't even go outside the candle price low.

Breaker

Here's a LTCUSDT example

99d7a7118a648111e36d12e55676d474a25aa87db9f197e353d005cb1a994535.png

 

It's all about the close of the candle. These are the building blocks of smart money. I know some of these patterns don't seem like they would be counted in such a way that would warrant such a reaction. But the truth is it does. And there's nothng that can be done but accept your fate. And long FTM now.

 

All tjhe best 

 

-= Bodies x Wix

p.s. I still provide educational videos on Rumble Check resources link below

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BodiesXWix.ETH
BodiesXWix.ETH

I'm a strategic Smart Money trader. I do not adhere to any retail trade ideas such as trendlines, channels, Harmonics, Supply Demand, double tops are "safe" resistance, nor double bottoms are safe support. Imbalances and liquidity pools is where you earn


Technical Analysis - Smart Money Concepts
Technical Analysis - Smart Money Concepts

Student of Inner Circle trader, privately mentored for a year. I'm taking his principles and applying them to Crypto Charts. And they work. These are a collection of Smart Money Technical Analysis Ideas. You can usually find them on my Tradingview account "BodiesXWix" as well. This is an additional outlet to publish.

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