Good morning, friends. How did you prepare for yesterday's bloody day? Did anyone anticipate the movement?
For those who don't know, the SMC (Smart Money Concept) concept aims to understand institutional movement. When we identify an institutional order block (OB) or some other point of interest (POI) on the chart, we pay close attention to a possible reversal. By studying the advanced level of Elliot waves and the Wyckoff pattern, I was able to identify a confluence for a possible short, which is what happened yesterday at $BTC . And when BTC prepares for a correction, I automatically close all long positions in altcoins as well. Next, I will post the analyses that I presented in the last few days to some friends. There is an analysis of Elliot, SMC and Wyckoff. The targets differ because they are analyses in different time frames. But the confluence for correction was present in all analyses.