BTCUSD 08 AUGUST 2021 (target practice)

Same targets as always. On this particular Binance BTC chart, weekend volume does not register. This is actually an extremely serious advantage if you understand supply or demand pressure and the actual forces that move price.

Looking at the volume during the weekends you can se that there is basically ZERO pressure. This area you see that lacks supply pressure serves as a very important low pressure area that price WILL be drawn to should the demand situation in the background convey large buy activity.

In my opinion they accumulated for about a month. Well, not in my opinion.. its actually a fact that you and I both can see in the chart.

I am personally looking for reaccumulation areas in order for me to accumulate with smart money…. I am looking to enter AS LOW AS POSSIBLE in previous demand zones and below the 100 EMA on the 4 hour (Pete faders crypto technique).

The projections here are always tentative and if they happen to play out as I have exactly drawn it (as this does happen fairly often) it is partially a bit of luck.

The important part to look at is where the previous demand areas were…. .because that is all i am using as my reference points. They are available for anyone to see and its nothing secret. The secret is learning how to do this correctly since all the information you and I need is literally right in front of us.

and if price gets to these pre-determined price areas and I do not see the buyers come back, then I let it go while keeping my money under my control as I wait for an even better price thats lower….. You cannot force it, its just how it is. You can use it to your advantage or you can let it takes advantage of you… as it does most of you.

Play this on your terms, its actaully doable.

Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA / Master the Markets
Pete Faders VSA*
Sam Seiden ( supply and demand )
Read the ticker dot com
Wyckoff analytics
Element 15 trades (bitchute/odessy)

Avoid buying into weakness/supply/resistance
Avoid selling into strength/demand/support
Avoid entry when price is in middle of a range (phase B)