[00:05] Petrenko Crypto today we will have a very interesting video with an indicator review this indicator can be used as a full-fledged trading strategy and in previous videos with an indicator review you often ask me is
[00:19] this indicator or this strategy suitable for trading on higher time frames and I almost always answer that no, it is not suitable scalping indicators we suitable scalping indicators we use on the time frame before and there is no special
[00:31] effort required Yes, we often have a moving average there is an indicator that shows by we just enter and there is no need for a lot of brains to enter a position and on large time frames, let's say, from 3 hours,
[00:44] large players are already trading and large players trade according to the Smart Money concept first of all and this indicator will include the Smart Money concept and our favorite Fibonacci and this indicator will work absolutely on
[00:58] all markets both on Forex and on the crypto market in any markets Wherever there is a chart, you can use it everywhere, let's start with the fact that I will show how to add it and then I will show how to use it so that  Add an indicator We
[01:10] go to the Trading view website, click on the indicators, enter Maxwell Price in the search, you should get the name Maxwell Price Action from the creator of Maxwell, click on it, you can immediately click the star to add
[01:25] this indicator to Favorites. So what do we see? We see that we have added an indicator that shows us the structure. Record a very important video about the market structure. I have a video on the channel regarding the market structure. I will
[01:38] also try to attach a link to a video about the structure under this video. Be sure to study. What is market structure in a nutshell, guys. When we have an ascending structure. That is, each Low and each High is higher than the previous one.
[01:53] We work from Long. When we have a descending structure. When we have lower Low, lower High, lower Low, we work from short. As soon as the structure breaks, a CC or Boss appears. We work from Long, that is, this indicator
[02:07] shows us the structure, which is very, very important. Also, regarding the structure, do not forget that we always start analyzing from a higher time frame. Any technical analysis and any analysis according to the smartmoney concept is always done from a higher time frame.
[02:20] In the beginning, we can go, for example,  On the weekly time frame On the weekly time frame We see that our structure is ascending, then we turn on, for example, the daily chart On the daily chart We see that our structure is also
[02:32] ascending High Low High High High Low High High each Low is higher than the previous one, then we turn on, for example, 6 hours on 6 hours, what we see on 6 hours We see ascending and, accordingly, We
[02:47] are convinced that our structure also remains ascending, then what we have on this indicator on this indicator We have zones of interest, these zones of interest dance from the discount zone and the premium zone, everything above level 05 is the
[03:03] premium zone, everything below level 05 is the discount zone, and when we work in an ascending structure, like here Let's say we work primarily from the discount zone, that is, from level 0.5 from level 0618
[03:19] level 0618 786 and from the order block, also the zone of interest is green It can light up when we have liquidity for this scrap That is, if the price  comes here We open a new position, put a stop-loss behind the
[03:33] nearest level, and the nearest level is here. We have a clear support level here, yes, that is, we see that we have a clear support level here. It here. We have a clear support level here, yes, that is, we see that we have a clear support level here. It here we have a resistance level. That is, if the price comes
[03:47] here, we can open a long position so as not to sit and wait for the price to come here, we simply set an alarm for these price values. That alarm rings and we simply decide whether to enter a position or not.
[04:01] We also see that the price is now clamped in a sideways trend, and accordingly, it is expected that we will not be able to break through this resistance the first time. And a breakaway from the upper boundary of this range, and in this case, a
[04:13] red inscription lights up here, this is the zone of interest for a short, and of course, I do not recommend working from a short on an uptrend. But why not, we can also try to take a short from the upper zone, and the effectiveness of work on an ascending
[04:27] structure from a short will be very lame. This is the same as flying not with the wind, but against the wind, since our upward impulses are large. A Our downward movements are short and there is a high probability that we will come to this
[04:40] zone again, although we have already reached this zone twice, they break away,
[04:52] target to level 236 and close the first target again. Let's summarize regarding this example, what we need to do before entering a trade. First of all, we select an asset. Second, we turn on the higher time frame, the weekly one, and look at
[05:06] what structure we have. Then we turn on the daily time frame. Then we turn on the six-hundred-hour time frame and also look at what structure we have and gradually we decrease to the three-hour time frame. I no longer recommend turning it on.
[05:20] Since there will be many errors, many wicks, and so on. Below 3 hours in transactions, I do not recommend going down in principle if you decide to trade within a week, and this indicator allows you to trade within a week very well. What
[05:34] I do, in principle, you can see my statistics. I believe that within a week is the most effective trading. Everything below x hours or, even worse, an hour is. Sorry for the expression, jerking off, there are a lot of knocked out ones.  There are a
[05:47] lot of nerves with stops. And if you work within a week, that is, on timeframes from 3 and 6 hours, you will have fewer false movements and you will be more confident in taking these movements. That's why I try to trade below 3 hours at a minimum
[06:02] only when the market is extremely boring and uninteresting. And on the three-hour timeframe, we see momentum. This high-low did not break this high-low, that is, the structure is ascending. We are waiting for a correction to zero. At the fifth level, to 618 and to
[06:17] 786, we can, for example, place limits on these three levels or set an alarm immediately on the interest zone. Yes, the probability that we will reach the interest zone is not great, but here you can take the most interesting position in general.
[06:33] If we see that the bitcoin is, say, at the top, the probability of a decline is now small. We simply change the asset, let's look at some other asset, for example, ether. On ether, we turn on the weekly timeframe and see that the structure is
[06:47] ascending. On the daily chart, what do we see? We see that our structure is ascending and on the 10-hour chart, accordingly, our structure is also ascending. We have a range where the price is clamped and  Accordingly, we need to work within this range and you
[07:03] see in this case the indicator drew us Fibonacci from top to bottom. We need to change the time frame, say, to a four-hour one from bottom to top
[07:16] ascending and in this case we have a zone of interest. Near this structural interest. Near this structural high-low, that is, the range of 3720 is the zone of interest for buying. We also set an alarm near this zone of interest. We
[07:31] can, of course, place a grid from 05 from 618 and from 0786, but there is a possibility that we can also reach this high-low here. Take a safer position and in the future we can take a fatter profit from this zone.
[07:45] Therefore, we work only from the zone of interest. We set an alarm for this range. When the price comes here, we will see a notification either on the phone or by email. Next, we set targets for sales. Targets for
[07:58] set targets for sales. Targets for sales are our Fibonacci levels. Here our first target will be level 786, the second target is 618 05 3 at twenty-third, and so on until we reach the short zone.  From which we
[08:14] can already turn around, that is, after we remove the liquidity behind this high. Let's look at the following assets, but we won't jump around the timeframes to make it faster. We need to find an asset that is in a sideways trend,
[08:28] that is in a sideways trend,
[08:42] Sets. We have an entry impulse, a breakdown of the ascending structure, Boss. If we want to take on more risk, we can, for example, even open a short from the current one, but our main goal is to take a Long from the zone of interest. When the price
[08:56] take a Long from the zone of interest. When the price comes here, we open a Long here and take the movement to the Fibonacci levels. In total, we can take 2% here, In total, we can take 2% here, almost 7% to this level and 11% to
[09:09] this level with the tenth leverage - this is 100% of the movement. That is, we need to find coins that are in a sideways trend, that is, the reaction stage before further growth. There may be such cases, look at the coin.  We have a very
[09:24] powerful impulse, practically without recoil. Of course, we can enter a position from the thirty-eighth level, but the probability that it will all fly upwards is small. Yes, because we see that we have a
[09:37] neutral figure, a symmetrical triangle, and we do not want to take on more risks. We want to trade directly from the zone of interest, and our zone of interest will be. First of all, this is level 05, 618, and
[09:52] 786. After a decline to these levels, the asset begins to recover, and we simply take all the upward movement, or another safer option is to set an alarm on the zone of interest, that is, there is also a probability of a decline into this
[10:07] zone. Small, but if we set alarms on many coins, then sooner or later we will wait for a decline to these areas and, accordingly, Profit. In the long run, it
[10:19] will be much greater because we entered at the point of greatest fear, and I often talk about this in almost every video that we buy when it’s scary, and Fixi when everyone is greedy, here we buy, for example, right now, on the PP coin. Everyone is
[10:33] scared.  But look how well we hold the area of ​​interest for buying, constantly buying back here and with a high degree of probability we will again see a buyback from this area. That is, if we descend again into the area of ​​interest, we open a
[10:47] Long position and fix this position before the Fibonacci levels, the main take shorts, in principle, guys. Oh, again, I said that I also wanted to add regarding this that I also wanted to add regarding this indicator. We also have marks where
[11:01] the High of the daily candle closes and where the Low of the daily candle closes, and these values ​​​​also act as good support and resistance levels. This indicator also shows us balances. They are highlighted with such huge
[11:16] orange squares in the settings. Just click these two checkboxes and they will change and become more like this. Look at the linen for this indicator and strategy. I'm done. If it's very difficult to understand, watch this video
[11:30] several times so that it is better imprinted in your mind. Also, watch the video under this video regarding the market structure. This is also very important if you haven't and if you haven't subscribed to the YouTube channel, subscribe, I'll be
[11:46] very grateful for that and don't forget to like this video. Bye everyone.