Oct '23 • Alpha
BTC Monthly - Quarterly Theory
A recurring monthly cycle dictates price movements with remarkable consistency. The Quarterly Theory, as pioneered by Daye, augments the foundational PRICE principles of ICT by introducing a nuanced TIME dimension. Let's delve into its application in analyzing Bitcoin's behaviour.
A - During the initial week, a phase of Accumulation unfolds, marked by strategic building of positions and liquidity.
True Open - Signifying the Monday opening of the second week, this pivotal point sets the tone for subsequent market dynamics.
M - The second week witnesses Manipulation, a period where existing liquidity is cleared, often catching traders off guard.
D - The third week embodies Distribution, characterized by swift movements towards the monthly price target.
X - The fourth week presents a critical juncture: Continuation or Reversal. Prices can either persist in seeking liquidity or undergo a reversal. In the observed month, a decisive march toward the weekly FVG was evident.
To trade effectively, it's smart to wait until the second week. Once the True Open level is set, you can enter long positions after liquidity clearing. As the market moves beyond the True Open into the third week, additional confirmations emerge, giving you the green light to increase your positions, with an eye on expected liquidity draws.
Looking forward, the big question is: will the next month see accumulation at a higher or lower level than the current price? Where will the manipulation move? I encourage you to share your insights and charts on what is likely to happen so that you can prepare accordingly.
By blending the monthly cycles theory with this structured approach, traders can confidently navigate market swings. I hope this strategy brings a new perspective to your trading game. Let's explore more together tomorrow on Sundaze 🤝
6
1 comment
BTC Monthly - Quarterly Theory
skool.com/the-art-of-crypto-6407
This free course will turn you into a profitable trader in 4 weeks. No BS. No fluff. Only Value. |
The official Skool of Crypto by The Art of Crypto.
Powered by