
CrediBULL Crypto|Apr 14, 2025 22:31
"Why are you always looking for another move down???"
Get this a lot and there are two parts to this:
1. In almost all cases where I'm looking for a "sweep of the lows" it's in the context of a lower timeframe move.
In nearly every instance over the last few years where I've been looking for a LTF move down my bias on the HTF has been bullish, with the expectation of another macro leg higher regardless of if a lower timeframe move down plays out or not.
Most understand this, a few clearly do not.
2. What @LuisFLoureno1 has stated below is KEY to understand. When we are in a ranging environment, we are looking for liquidity grabs in both directions. This is the DEFAULT stance within a range.
When we are in trending environments, we are NOT looking for a sweep of the lows from which our impulse (trend) started. This is the DEFAULT stance in a trending environment.
And to tie this all together- markets probably spend 4-5x as much time ranging as they do trending impulsively, which means 4/5 times a move off the local lows is not a full on trend reversal but just more chop, which also means 4/5 times you will see me calling for "a sweep of the lows" on LOW timeframes, rather than saying "bottom is in, up only". Although you will occasionally hear me say that too (when I am able to identify a clean impulse off our lows in the 20% of cases that the move off the lows IS actually the start of a full on reversal).
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