 Oh, welcome to the book map web tutorial today Just double-check that it's on I see myself there ready to go Check check check on the audio. Everything looks good to go And we'll just check with my book map team. Make sure everything's looking good, but it's looking great to me ready to rock so Today's a pretty flat day for Bitcoin not as much action as we would want but we'll take a look at the charts I'll show you what I see in the charts and we'll kind of convey what I see happening with book map So this morning I started off right here. We were looking at Bitcoin again I'm a Bitcoin crypto trader you could take what I teach you with book map and probably put it on any asset in the World similar ideas, but Bitcoin just has that volatility has a lot of liquidations Tends to have you know crypto kind of trading is a different beast really than other It's more volatile really and but it's it's volatile in a pattern in a way So you get to kind of you kind of fall into this cyclical volatility like you expect certain things to happen you know, you don't know what will happen every single time but when you see it you're like yeah, I've seen that before and So big one was looking like this and the one hour didn't look good at all When I was overbought it looked like it was going to come to the downside I said maybe there's a chance that we you know that we get a pump out of this 15-minute candle here Right to the upside so we were watching this next thing You know that in another thing that I see is when I see the moving average is really tight We a lot of times we get a pump up to the 200 SMA. So that's something that You know, I've seen happen many many times. So that you know, I had that in the back of my mind that we might see that but um Yeah, so Let me just pull out this book map in the chat Right Okay, I hear myself So when I'm watching book map, I'm always kind of looking for liquidity You know, I set up my own technical analysis and I see what I'm seeing, you know, this was a bearish divergence We did see great liquidations on book map on this. This is great It's wonderful watching divergences with book map because you should get less liquidations You know technically on the on the on this line than that line and then and then we should start to kind of get a Move back to the upside It's a good chance to see kind of when you're getting the lack You know, you're basically really getting towards the end of all the liquidations The first time you use book map, you won't, you know, you won't be that intuitive But as you see more and more liquidations You'll start understanding kind of, you know, not perfect But you think oh, this is getting towards the end or I'm seeing how they've taken out the lows here That looks like the low, you know, we call like yesterday We said that's probably gonna be the low for the day and lo and behold It was a low for the day right because it was the divergence and that's when we saw the liquidation so So I was saying hey 15 minute could get a bounce to this 200 SMA But we'd have to get above this resistance line We watched that happen and then we got rejected and you can see we have resistance right here too at 23 9,368 And what's interesting is this is kind of making now to me what looks more like a bear flag, you know It's an ascending triangle. It's a bearish It's more it's getting more of a bear flag because it's a flag Ascending triangle, but numerous times we can't get above the previous high to the left, right? Because we can't get above the previous high to the left It's obvious like we're probably likely going to go further to the downside, okay? So and let me see that I post the link to the trading group. Yep Okay, so we're looking now What I how I use book map is I use it like somewhat traditionally like, you know Zooming in and looking for liquidity zones and stuff But I also look for just big areas where I see a lot of waters and for book map It tends to corroborate a lot so like see if this were to break down It would break down to about twenty eight thousand five sixty five and that's just the measured move of this poll really Okay, how I was able to come up with this that that area So when I look at book map what I when I'm over I'm looking and I'm thinking of going short or long So see if I'm about to go short and I think that's my target I'd like to see a big buy order there because what that does is a lot of times They'll suck price over to their buy orders So if I see a twenty thousand dollar five hundred dollar buy order and again today It's kind of funny because that's like a psychological letter. It's not always exactly like twenty at five today It happens to be but don't always think it is just kind of happens to be today But so you say, okay, there's liquidity to the downside That's that you know, it's interesting like for instance if there doesn't mean if there's no liquidity here They don't go down, but many many times I've opened up book map. I've done my you know my weekly day show And I'll see that there's a lot of liquidity down in this area and lo and behold book map will come down to that area And we will watch it. We will watch it squish price action And I'm always amazed by that when I first started using it And then I started kind of trusting it more and more and I've learned that it's about 80 about 80% accurate and I feel like I want to say a little more but Most of the time when I see a bigger, you know, and then I look at the liquidity either side I see some liquidity on either end. Okay, and What I found it is it does tend to go to the closest form of liquidity So if you have two sets of liquidity that are both pretty even it'll tend to move towards the one That's the closest right and then so so I look for how price action moves Which is through technical analysis and then I add book map on top of it for a layer of just to see kind of where the Liquidity is going and then I love watching the liquidations. It's super important You grab the liquidation Addition and add that jar setting to your to the to your book map Configuration because it really helps you see what's happening You know now people use different configurations for Bitcoin some on very small pips like they want to see I don't know the $40 movements for Bitcoin and be really, you know, some want to be on bigger time frames. It depends I change it here and there but for the most part I'm usually on this this setting here where I can kind of zoom in and zoom out Look at the liquidity either side watch the liquidations occurring like that was a short liquidation anything above here means They had stop losses in these areas price action came into these areas and took out the short liquidations Okay, same idea if you see it below here. They came down and hit the the long liquidations. Okay Now you can also see we're consolidating nicely sideways here It's also like having a one-second chart on your back You know, it's kind of nice too because these bubbles are getting made every second, you know pretty really fast Now tomorrow is the Fed meeting. I mentioned it earlier. What does that mean? What goes on? Well, every single, you know, not every single month, but Fed meets I believe I'd say 10 times a year they take a couple months off and they raise the rates So they lower the rates or they keep the rates the same, right? And and unless they come out and they say hey We're gonna indefinitely not be raising rates And then you don't have to have the Fed meeting every single month But right now we're in this state where they're attempting to control inflation So every month the Fed will come out and either lower or raise the rates a cool thing to watch is the CME watch tool Which I have here just a cool little and this just kind of gives you an idea of when what the Fed will do And this has been about 99% accurate It's very rare that this will say we'll have a rate hike in 98% and we don't so it says we have a favorite rate hike tomorrow Is that baked in is what I've been really talking to people about and going over, you know For me, I think it could shake up Either it's baked in or not what I've learned about Fed days is they use it to shake up the market So they get enough people feeling uneasy about price action that they can sway the market in a certain way back or forth That's why so to me I Lose an edge on Fed day because of so many people are uneasy. There's just so many emotional trading going on You know, there's like way too many hundred X's close to this There's wait, it just it's usually a messy day if I can see a move first and then catch a retest or a bounce I might you know, but for the most part I just like to observe Fed day and kind of watch it happen and I'm starting to get better at this now. I've been through. I don't know, you know 10 Fed days where I live stream the Fed day after my live stream. I see the before the days before the days after I'm super conscious and focused on the whole time period as it happens and on the data And what I find is the day before Fed day a lot of times is a sideways price action day where people are in what I Called spooky mode where they don't really get a feeling either way like this had a pump but got rejected This was supposed to dump but got pump back up, you know, and another thing that I'm really adamant about is When I you know, I don't like to be called a pattern trader per se because I use so many more things than patterns But patterns do dominate how I look at the market, right? So right now like this was an ascending triangle. We broke out of it We broke back inside of it and to me now we're like, you know, like you could kind of raise it down, you know and to me what we're doing is we're like Yeah, we're now back inside of this triangle here, you see and We're just gonna be going likely In my mind or so, you know, right here like trying to retest that we came back in we bounce back up But we're just going sideways in my humble opinion. I like to bring it right here and show it like this But we're just going sideways now. We've left the pattern. We broke back inside. So now I can remove this wedge I don't need to see it anymore. And so what I'm looking for is for Bitcoin not to break this this this diagonal support line Bounce bounce. I don't want to see it get tight, right? And then we know a big move is coming Then we can figure out where the which way the move is gonna go if it breaks up We're gonna break up and usually you get your measured move But then you would carry over to the resistance level So like I wouldn't be surprised if we hit all the way to 296 The 200 SMA will come into play if we can get back above that and close some candles above it Even on this 15 minute timeframe, that'll be substantial get to know the 200 SMA, you know I know it's a bookmap tutorial, but get to know the 200 SMA the simple moving average I'm telling you right now. Maybe you're an exponential moving average trader and I get it it helps But the 200 SMA is it just man it can make trading so much smoother for you And you can see things just a little clearer and you can try it out on multiple time frames Meaning like once you fall below look once you close the 15 minute candle below You open up a short and look what happens that short just dumped you know and you can look at book map for the liquidity areas and stuff and And again here like boom, you know once it gets above open up along and like that was a beautiful long That was a beautiful short. That was a nice long. That was a nice short. It doesn't happen perfectly every time But right there you broke below you started opening up a short right in this area And I keep my stop loss like on the others find a supportive resistance on the other side of the 200 SMA and You'd be surprised how many times, you know, you'd get a golden win there So I'm looking the same thing now to can the price action get back above this yellow line Close a couple candles above it Then we could long with a stop loss on the other side just like we longed like maybe this one or that one And just like we shorted this you can flip it upside down same idea You would along that it came back for the retest and it was gone came back for the bearish retest so So now I'm like, okay now I have a sense of what's where Bitcoin could be going and then by tonight, you know 8 p.m. Tonight because I'm like, alright Well, it's gonna take at least, you know, and you can hold shift down Grab this and kind of just give yourself a sense 10 hours, you know, you got 10 hours of price action till you get towards the end of this ascending triangle, right and and again, I Got a 28,800 level and then I know the further level is the length of that bigger pole Which takes me down to 28,500 So I then, you know glance at book map before I go to bed tonight I'll be looking at it. I look at book map 10 15 times a day, you know I have it running all day like I'm one of my six screens just always up on my upper left monitor So now I just look at book map and I'm I'm seeing, you know They've got some balanced liquidity, right? It's not all bull. It's not all there But you do have more bulls trying to buy 28,500. That's where the the Conglomeration, right? I guess look that's where the it's conglomerated. I guess our Consolidated that's where all the order really really well That's like your biggest and it's the darkest red except for where the orders are right now. You see So it's telling me. Hey, I mean if there's the biggest in there, you can see it's 1050 Bitcoin 400 Bitcoin, you know, it's it's over 2,000 bitcoins almost 3,000 if you kind of go from 29 all the way to the 28 It's a lot and it consolidates at 28.5 And I can't tell you how many times I've seen that big red line And it's you know at an area that I already have a support of resistance line marked out because the whales they want they They're looking at bots and supportive resistance, right? So they go it all goes hand-in-hand, you know So now I got a kind of sense of where Bitcoin could go tonight and what my you know, what my idea could be Okay, it go up and down and here's the idea if you can break out and retest this level I could possibly long it right and then we'll probably see short liquidations here But if it if it Bearestly retest is here or drops then it's it's likely going to be a short So because we know the pattern we can get a sense of when to enter or exit a trade We can get a sense of when it's likely going to happen and we can be Preemptive about our trading plan because we have you know, we have something to go on now if we had no pattern at all They just be whatever, you know Now some people are like well What is the actual pattern like could it be this could it be that and you know I dabble with moving it around and changing it here and there You know, you could say I mean to me technically that is the touch that is the touch wherever two-line touches. I Use that idea and I'm open-minded like right now. I may change it You know depending on as I as I see price action I still keep this level here because it's it's you can see it's a substantial level Broke out we broke back in But for the most part you're starting to see at least consolidation Three higher lows in a row for now, right? And now you're like, all right, Bitcoin's consolidating and It's he it now has to break this high Or it's gonna break this swing low, right? And you don't know exactly these are 5050 either called symmetrical patterns So but I get a sense of when Bitcoin's going to make a bigger move Right and the tighter this gets the tighter, I know price action is going to get and yeah It'd be cool to watch some liquidations last week We actually were able to predict like a move for Bitcoin and we're able to show you the liquidation like that We knew was likely going to happen and then we watched people get liquidated I don't believe we'll get the volatility today just because of I'm telling you markets markets like this You know big monies on the sidelines, you know, even me like I might swing around Tuesday This is one of my favorite days to trade and today I'm like a little like yeah because the Fed meeting So if the Fed meeting has an influence my trading then how many other people has it influenced? So that's one thing that I always kind of go over Could you please explain the thought process by not including the wicks in the trend lines? Yeah, so this is um You know when I first was taught how to make patterns people would say hey, you know My one of my first mentors was like make your patterns with the wicks or the candle bodies, but don't mix Right, so like I was just looking for a place. We could like begin to draw a pattern or look for a pattern So like here, you know And I and I see traditional stock traders making patterns way different than me. I really do We'll go like the one hour. Maybe you now for me It's I'm always looking at liquidity grabs and stop hunts and I'm also looking for divergences Number one I get the sense of doing I like doing the same thing over and over again Right and so like when I find divergences I don't use candle wicks because what could be longer, you know, it's still there But I use my candle bodies when I'm finding divergences like there's a really nice bullish divergence there and I know I'm gonna answer your real question. I know I'm not like But so right off the bat, I don't use the wicks there, right? Because the wicks are showing me where people are getting, you know, it's it's licks are the wicks are liquidations You know, it's zones where people are just like they can't take it anymore and they're getting kicked out of the trade Trying to find like a better pattern But now what's that it looks like Like here's a rising wedge. Okay Now to me I could feel I also can feel I over time I feel like you get a sense You know, it's not using emotions, but it's an instinct. It's a sense You'll get a feeling over what the pattern like what the what the trend line is you can feel it, right? Now sometime every once in a while will use wicks, but it's very rare for me. It's very rare Like the pattern has to demand it, you know Funny this one's like mixing a little bit like patterns and wicks, right? Like you came to the area you went to the top But this one's like showing differently But if I'm going to trade like the one-hour time frame or a smaller time frame like I might only even omit this section and just keep it like this Now this is where they push price up and they basically made people think we were gonna break out They got the breakout traders to make stop losses all inside and then they ripped the price to the downside Making people think it was gonna be a parabolic run out of the rising wedge Now there's probably a bearish divergence here, which would have pushed me out of the trade Right here. See so the divergence traders know better people that don't know to the divergence is yet Like I remember when I first got in I don't know my divergence is yet. So if I had included the wick in here number one It's down. It's acts like it's part of the pattern now. Yeah, fine. It hits resistance I guess you could say well the wicks hit resistance, you know, and that's a good place The more the more I trade the more I'm like open to it years ago I was more like, you know, I guess the more you become more limber the more price action you see, you know You become more easily like I guess more like Bruce Lee says like you become more like water Because when you first start trading you're more rigid because you think it's gonna be your way And then the market beats you down and eventually you start learning that like you have to be kind of always versatile The market is always moving you have to always be moving you can never be like stagnant in the market, you know, and that means like You can have an idea and you have to be okay with that idea changing within an hour to two hours And you have to be okay to have another idea on the back end And that's why I talk about trading very similar to trading playing chess a chess player has no idea What the next player is going to do you might have an assumption you beg? Oh, I've seen that move before he moved His rook he's probably gonna move his horse like you might have a but you don't know You're not a psychic you can't read the other person's mind You know and that's why when people tell me they know where Bitcoin's going It's like you know where everyone is gonna wake up today And who's gonna purchase Bitcoin for what because that's what's gonna determine the price today all the different people that interact in The market which changes every day So whenever when someone comes to my channel or I want, you know I even I watch other channels and someone puts a comment like we're going to 29 five Then we're gonna drop down like I always kind of chuckle to myself because I'm like Nobody knows I always tell myself. I don't know where Bitcoin's going to go so That you know And that that whole philosophy has a lot to do with why I don't put the wicks inside because the wicks are when they Go after people Stop lost somebody out, right and then they usually come back inside the pattern. It usually shows me It's an extended area of price action, right? The verdances are just gonna be your key and What you'll do is you'll get to know divertances and book map will help you because you'll you'll find your Divertances and you'll see the liquidations and honestly It's kind of rewarding for someone like me who kind of like, you know Always had a hyperactive brain and wanted to see different stuff Being able to see the liquidations when I find the verdance becomes kind of like getting a gold star I can't explain it, but it this little visualization. I don't know it adds to my Like the stimulation that I get from finding the verdances and It makes it, you know enjoyable. I guess it's kind of weird But it makes it all even more enjoyable because I don't know I'm seeing the reasonings behind what's happening so I have more explanation to myself of what I'm doing and You know before I was just drawing two lines and like it worked and I get it now I'm seeing oh, yeah, like they just got this guy out then they got this stream You know, oh, they got all the longs out time to move the price back to the upside, you know So I'm always You know the real way I use divert the the main thing I'm using book map for is to find Where they're basically shredding liquidity, you know, which is basically liquid liquidating people and I probably watch I don't know At least five to ten liquidations a day every day on me sometimes hundreds it depends on how long I you know What I'm doing or how much we're using book map how much price action is moving around that day, right? But for the most part I can tell you what like I've sat here before and I've seen like just less You know say there's no real liquidity down here and this bar could disappear They've spoofed before to two hours from now three hours from now There could be no red here at all and it could disappear, you know, so it's not always a hundred percent It's not a guarantee But I can't tell you how many times I open up book map Specifically saw no red down here yellow It was all blue and light and I saw just chunks of red and yellow up here and lo and behold We would go and watch a short squeeze. I've it's hundreds of times now on my live stream I feel like in the last in the last and I think I've had book map for almost a year and a half two years I can't remember it feels like the days just get meshed together because I use it so much But so, you know, and then you can look at the cumulative volume Delta Which is how many people are long or short right and how many people have been liquidated in one direction or the other That can give you a little sense of when the liquidations are getting kind of towards the end, right? Today they're flat and they're just getting people that are high leveraged around the areas, you know So they're like, all right, we're gonna grab this we're gonna grab that or you know people For me like anyone who like a seasoned leverage trader today knows that the markets likely going to be flat and Beyond spook mode for the Fed meeting. So It's not a regular Tuesday So I already know I can sense it. I can see it in the market markets Not even moving the same way it would move on a regular Tuesday. So That's the cool thing too about watching my show every day the crypto lifer show 10 a.m. to 12 p.m. Monday through Friday's I stream every day of the year unless there's a holiday and even if there is a New year holiday, I still stream the crypto markets every day of the year My stream Christmas. I stream Thanksgiving my birthday Haven't taken a day off since February of 2021 because I understand that being in the market really shows you what's going on Do you look at fractal moves in book map and draw your trend lines there? Thanks for that anytime man, let's go with the knowledge on to Andrew Do you look for fractal moves in book map and draw your trend lines there? Can you explain volume and Confluence, please. Yeah, of course Ah The question of book map is you know when I first started trading book map Because look right here see this That's a flag right there. You see the flag and then I see liquidity up at 29 five interesting, right? So if I look at the small picture now, I'm like, huh So I know now if I go to book if I go to Bitcoin on like the one-minute chart All right. I was looking at XRP here kind of a cup and handle if it can hold that zone Not the best price action, but So I'll go to like Bitcoin on Kucoin Just a chart that I haven't charted in a while And I'll go to like the one minute and then I can see the flag on book map, you know And so look if you look at book map, I mean, it's pretty cool But see the flag here, you know and I start seeing the trend lines right there So I think the answer to his question is a hundred percent I mean and I am I start seeing that subconsciously now to right and so okay We got a we're getting some type of consolidation Consolidation price goes up price goes down price goes up not as high price goes down not as low price goes up Right and it just starts to find a tight channel Tight channeling is you know, that's what the bull and your bands are all about. That's really what it's all about It's watching momentum come to a point and Attempting to attach yourself to that energy that movement of energy at that moment in time, right? So this tells me wow one minute chart is starting to consolidate tight. I have a measured move And that's almost I consider this more of a bull pen it then than a symmetrical symmetrical triangle I feel like would have to be a little chubbier like this This to me is a bull pen it 68% chance of a break to the upside has a higher probability of breaking out And you know, it's funny is where's this measure? This measured move will likely go where? 29 450 29 5 right you think so with that same line of liquidity is for book map right there Huh is someone planning a move up to the upside and we about to see some shorts get squeezed here To me it's starting to tell it's starting to tell me that it's possible now I also am a momentum indicator guy and my one-hour momentum indicators a little high But look we're getting we're getting a move right now See that I can't tell you how many times I just happen to look at the chart to it starts like Like it's like the price action starts again. It's weird. It's I have this unlike coincident coincidental ability So like be right there as that candles pumping right? but again, that's That's a falling wedge that should break up 68% of the time and like someone could have just made their payday right there You know a 20x leverage I Mean right there. That was that was a 10x leverage. It's almost a 2% trade so that you know That's almost 4% right there In a minute right and look it was a shoulder a head and a shoulder It was an inverted head and shoulder inside of that falling wedge. I Mean, I absolutely love the phenomenon of pattern trading like If you stick with me and you watch me all the time, sorry I don't want those you stick with me and you watch me all the time like I It'll feel like David Blaine like like not like I'm saying me but the technical analysis is like magical Like it's pretty outrageous how it works out. That was supposed to happen 68% of the time This shoulder this head and the shoulder should break out. It's slanted It's a slanted head and shoulder so you draw your neckline diagonal and you would take this length here and then bang right You could take some profit right there call it a day Technically the top of this trend line too now and you're overbought on the stochastics RSI So that would be you know now you could take this idea that I just showed you and you could see the daily one day And you see a giant inverted head and shoulder on the daily You'll pull your fibs like and you could trade this exact setup on the daily I'm sure I found one one day. I could find a fractal like I used to take daily fractals shrink them down You know put them down on to one minute take one minute fractals try to shrink them up And I do a lot of what I call fractal magic on my live stream. It's a lot of fun I used to do it a lot more than I have recently. It's funny But when the market starts to rip more we'll see a lot more fractals because we'll just see movement in the market and The fractals kind of fractal through the market. It's interesting So this tells me we could get a move to Bitcoin now. I'm starting to say hey There's a there's a chance we go to twenty nine thousand five hundred here. All right, and I start kind of seeing now Looks like a nice short if you're you know, if you're a one-minute scalp trader Looks like we could get a nice short back to the bottom of the channel, right? And lo and behold, we should have seen some short liquidations just now and we did I doubt not a lot Right, but we got it So It's just nice for me to know I expect a short liquidation. I see one right I expect a long I you know, and I'm not a hundred percent. No trader is I wish I could I wish I was the magic man I just would point at everything and it would go exactly where I said it would go But I mean I put so much effort and time in that I believe my mind my my my subconscious mind in my brain Are seasoned enough that I believe even if I don't know what I'm you know, like fully realize Every analysis that I do you'll pick up on so much good information from me because I just constantly do it, you know I mean I get a good night's sleep. I Make sure to just take care of my mental health that way when people come to my stream every day And I'm going over this stuff, you know Because technical analysis has a lot to do with like what you out late last night You drink, you know, your lifestyle has a lot to do with how good you're gonna be at trading This is where it gets a little hairy with me and my students because I tell people hey man like The days of like being completely undisciplined eating whatever you want sleeping at all different hours Like they're we have to start curtailing that stuff like there has to be You know a set schedule as far as I'm concerned a good night of sleep, you know trading I have to be in the market five six seven a.m. Every day, you know trading You want to give it that time, you know It's unfair to yourself if you don't clear your mind and give yourself that like a year or two Uh, you you know, you'll never develop Into the trader you want to be If you don't take care of the disciplines in life, you know, and that's what I love about trading like you will You know, some people can get lucky fine. Maybe they can binge drink all night long and still 100 x doge I'm sure it's happened But if you want to do this for a living and not blow out the money that you made before Stay disciplined continue and maybe help other people too and teach them Uh, there's definitely a I always push a lifestyle idea. You know, I'm drinking lemon water here keeping a positive mindset also Not everyone wakes up positive every single day I wake up positive probably 90 of the time, but there's a you know, and working out is how I do that I worked out this morning. I was I was dripping sweat, you know And I go and notice the book map webinar But if I'm going to talk about book map and show you how I use it and break down any type of technical analysis I also want to talk about lifestyle and how What encompasses success, you know And then you don't chase too. You're not emotional, right? Look price action hit that and came down. How do we know that because the stochastic's rsi was oversold You know, we drawn our trend line and we figured that was our trend You start trusting your ta Right, this will disappear. This is the one minute chart. This this pattern will disappear We'll have made so much more patterns in the next 24 hours. This will just turn into nothing, right? But the idea is and I still trust that that trend line was real Right, like this is a blip in in a second. This is the one minute chart This will be come and go but I trusted that trend line, right? So it's uh You know, and I and I love my stochastic's rsi Using the stochastics pattern trading and book map Have enhanced my trading on to to just another level because I'm able to I I just I never get emotional anymore. I see a massive dump I'm looking for divergences on the one minute and I'm watching liquidations on book map You know half the time we know we're gonna see the liquidations because I see a descending triangle or I see a bearish divergence And loan and then I also will see a bunch of liquidity down here, right Now this liquidity now the other the other week we had liquidity down here for days and we kept going up So just I don't want you to just oh, I open a book map. I see liquidity down there. I sure at the market It doesn't work like that, you know, we're just using book map to add extra information to the charts okay Let me pop out the chat here too. I'm looking at it on my right screen, but I can just pop it out I don't see vwap on your book map to use that ever in ta like right now if we retest the vwap on book map I think we would continue up testing now the volume weighted Volume weighted price Um, well, I never really use vwap. I don't use it 100 percent. I'm not you know I didn't I didn't grow up on vwap Right, so I do slap it on sometimes and I use it right I have an indicator with some money flow on it and and I look but I'll tell you what um The vwap to me It's kind of like this I'm gonna go on like a storytelling move here, but you know Like evolution, let's just say or like let's just talk about like a tadpole I like it comes out as like a little and this is gonna get weird. I guess but A tadpole comes out and it evolves into the frog, right? So it has a little frog with a tail and it eventually I'm not going to really draw a frog, but it gets bigger. This is this is a big frog So it evolves, right Technical analysis did the same thing When they started watching price action like price would go up or down, right and eventually someone Figured out how to add, you know a Mac d right moving average convergent divergence They started using moving averages and numbers Then they got into momentum indicators Figuring out where the momentum got too high when the momentum got too low, right Now when momentum starts to get too high the money starts to leave right when the momentum gets too low The money starts to come back in and so the vwap Will translate a lot of its information from the back end derived from the rsi and the stokes not every I'm not saying You know, I'm just so like what I mean is the signals all come from momentum So if you're just thoroughly a momentum trader, you'll you'll technically kind of Somewhat trade the vwap without realizing it in a way, you know what I mean? But again, I'm open minded to learn something new so Hey nice to see you streaming shout out to the demo trader man. Thank you for being here I appreciate it shout out to everybody here on the book map stream. We really appreciate you coming in today I am answering questions here if you want to ask a question. Let me know All right And you wrote vwap. Yeah And this is subscriber only mode. So you got to subscribe to book map to see the stream So so yeah, now we watch this flag on the one minute And you know based on pattern trading alone, there's a 68 chance this breaks to the upside Right. So you have a little more probability that you will break up that interesting trade possibly would be I'd like if it can come back down or if it breaks out and retest Or we get some type of flag even here that never ended up going to the bottom of the channel All those are viable ideas for me to possibly, you know, take a scalp On a futures trade So what do I do? Why am I doing this? I do this to trade bitcoin futures Right sometimes three or four or five scalps a day depending on the day And I do this to trade all coins to look at where bitcoin is going to go on the bigger timeframes You know, I like swing trading the four hour in the one hour a lot. I like to be in a trade between 10 and I don't know 20 hours 36 48 hours kind of the longest I don't like to be in too much depending And then I like to long term invest in for two to three years at a time So I look for, you know moves where bitcoin's going to dump pretty hard And maybe take an old coin down where I can DCA into it at a good price And then I open up the chart every morning and I want to see Uh, I just want to see where, you know, where we're likely going to go Uh, what I like to do is I hope I do a update into the discord into my trading group I have a discord trading group just in case anyone wants to know I'm I work seven days a week. I'm always going to be there It's a great place to be it has So much in there you can join my free server and then hit the watch first area It's going to tell you what's inside my server. It's going to give you free risk management Um, and a couple videos too. They're just, you know, free right off the bat You can see my teaching style what I'm giving you and then I have elite traders that are posting charts I have token metrics data in there. Uh, I post book map regularly, you know A couple times a day just you can see where I'm what I'm looking at and so we just, you know, we we uh As a group of traders, we're looking at the market and we have people from around the world So when I go to bed, there's someone from another part of the country or the car to the world looking at another section of the market So we got people that trade then nasdaq. We got people that trade the s and p We get stock traders. We have, you know, we got funded traders We got all sorts of people in the trading group. It's a really eclectic group of people Now we got some oil liquidity kind of coming on in here. See like It's starting to get oh, so this guy's like, hey, I might want to I might want to get in on this 29 eight now, right? So Huh, that tells me a little interesting and see how this is starting to turn. It's like We got this so I never like to funny that liquidation up there is that I never like to uh, I Don't like to short In between if I see a big blob of liquidity like 757 bitcoins not that far from me Right about, you know, 300 bucks 400 bucks away Uh, we're 500 bucks away. I guess we're but you know, it's telling me, hey, man There's a high likelihood you're gonna get Squeezed you're gonna get liquidated in this little area here And I'm back. I'm starting to back this this this now, too Is the liquidity closer to here? Do we usually go towards it and lately we have been It's like a magnet if it's closer, you'll touch it, right? So I'm like, huh now this all could turn to zero like everything could could go backwards, right? This could end up falling off not happening It all depends, right? Well, we we got to watch it But the probability now is that we go further to the upside to 29,456, right? And in a way, I like that that that question because the the fractal question was how I was able to find the pattern on the one minute Right because I could I started seeing it here I could see the pattern for me. You see The patterns were formed by order books and liquidations And now you can and what I love whoever created the book map site smartest thing you could do for your marketing was See what's behind the candles and and it scans over and it just it's kind of like an aha moment That someone can have instantly like, oh, that's why they use book map, you know, if they understand liquidity a little bit So if I see some more short squeezing up into this red line 29,5, I'm not going to be surprised. I'm actually expecting it right now Based on my ta and book map, you know So It would be unlikely to see a massive dump But again, I don't I'm not a hundred percent. I never can say that I'm But the likelihood now is that we can solid a little bit and we do pump up to 29,450 to a 29,5 We'll have a little bit of resistance at 29,344 Right And so and that's like if you're going to trade small time frames and scalp Using like 10x to 20x leverage Again, I I didn't even start trading leverage until I had like nine years of spot trading Maybe even more Uh, I made a good amount of money spot trading. I never even thought I would trade leverage for any reason A lot of people I think trade leverage because they have a thousand bucks and they want to turn it into a hundred grand And they they you're like, oh, I could finally have a $10,000 position And if it goes up a percentage I can make 500 bucks, you know, so I get the the the want to do it I was far more patient Like I was never like, oh, I have to double up this year. I was more like, oh, I find investments I wait a couple years. I sell them. They turn into money. I was like, okay You know, I've never been addicted to fast money I never really got I may have gotten some big paychecks in a small amount of time now that I've worked really hard But I'm not about uh fast money. You just it doesn't do a lot for me I love planning out. I love waiting it out I love doing what the masses won't do Take for gains, you know The majority of people in the world lack patience and that's why most people aren't good traders Simple as that like focus discipline in patients If more people just gave more of those three things to their trading career They probably still would be trading right now, you know, instead of being like, oh, I used to trade But now, you know, I don't really want to do that anymore And you know, that's statistic that 10% or you know, um Only 1% of 10% of traders are successful or something like it's a very small number It is a small number But they're also considering people that just opened an account and like half do it for like six months and calling them traders How many people actually, you know, get book map come to the book map webinar today Watch live streams where people are informing and teaching them information every single day Uh joining trading groups writing things down, you know, creating, uh, like an office space in their house Whether it's really dedicated to trading I mean, how many of those people fail, you know what I mean? Let's like and they never we can't really find the data on that So trading is very hard because most people never even become a trader in my humble opinion The people that we call traders never even really fully in my mind should it have been considered in the data pool You know So they really slap the name on a trader to anyone who really tries to chance at You know, looking at the charts and throwing money in the market, but most people don't Don't even start the process correctly, you know Nice retested the VWAP then we are pushing up now interesting Plus you only get three hours of back data on the basic book map account If you have specific location, you want to put a stop loss. Why not trade with as much leverage as possible Where it brings your liquidation point just below the stop loss fees If you have a specific location, you want to put a stop loss Why not trade with as much leverage as possible where it brings your liquidation point just below? It will depends on that depends on the person Do you have a 10,000 hour portfolio that you're trading isolated? And you only want to lose the position Then you don't want a liquidation point there, right? Then maybe you have in cross and you don't care and you put enough in the account that you're willing to lose It depends on the person in their trading style 100 percent, you know And even in this is pretty flat price action for bitcoin on a tuesday like you can tell there's something brewing It's the we it's it's it's summer price action um I'd love to be able to watch all this price action get up to price action But we probably won't be able to get there I don't know how 44 minutes goes by this fast like I feel like I just started this This that it was just 115 when I checked that I was like, oh wow, we won't be going for 15 minutes And we're pretty flat and dry today, I'll be honest like it's like But we have I have a good I have I feel like I have a good understanding of where price action is going to go today Or I have at least a probability You know based on my years of doing this and uh And book map has has just kind of added that added Idea that we have liquidity right where I'm looking at and so I would heed people not to short right now You know a lot of times too A more seasoned trader has the capacity just like a more seasoned chess player A chess player that's more seasoned has the capacity to remember more moves of possible Abilities that the you know that the opponent can make so like you're sitting on the other side A seasoned chess player can think of 10 or 15 different moves on this side a few moves over here Maybe have 25 different ideas and as this guy moves he minuses a few and adds a few and and he's even quicker We're doing that computation as well In the process of it and his subconscious mind is trained for that and he's just boom boom boom boom, you know Now a less seasoned chess player might only see four to five moves and then When the player moves he has to minus four of them and then add a couple more and he's not as even quick at that transition right So it's the same thing with trading more seasoned trader Has the ability to look at more timeframes and understand all the interactions between them Through a subconscious mind connection that happens over time from just constantly doing this I I don't know. There's no really other way for me to explain it But like you just and how my mentor used to call a ha moments like I we don't really other way to explain it Well, someone just oh my god, I got they see something in a way. They never saw it before Locochi coca shout out to you crypto live for the hard work and dedication man. Bless you. Thank you man I love you. Locochi. God bless you. So for when when I'm bringing this up for because I have a an ending point to this Is a trader may see the one hour very overbought and wanting to dumb and they may open up a bunch of shorts here But they don't understand how to watch the one minute timeframe They don't understand how to check on the 15 They haven't dabbled with small timeframes yet the 15 is tight moving averages with the 200 out there likely telling me that we're going to get that move up to 29 for that also Says we can make that move All right, so I got I got another thing that says hey, there's a chance this can happen on these small timeframes That's kind of a shoulder head and shoulder form in there, but I still pretty much expect this to come down to the bottom of the trend line now And price action is moving very slow today And we're just waiting on a $250 move. It's not like or $200 move for bitcoin But that could be someone's huge payday. That's what people don't I I never realized that when I was used to trade spot I never thought someone could be on the one minute With 50x leverage, you know and like they could make more in a day on that one minute trade that most people make in a week, you know So And you can even look at like swing lows in the small small small time frame now you're like Like we got to take out this high The one thing I will tell you The difference between investing and futures trading right In futures trading you will work for your money meaning you'll be at that chart. You'll be staring at the screens Um, some days your eyes will hurt you Your hand will hurt. You're you know, you just you've been in the zone like you've been watching price action Uh, it's good to have like I don't know like something out like a book You know sometimes like just one other thing on the side Maybe even you're watching a tutorial another trading tutorial Like why you're like it can be all learning all the time or scanning coins token metrics data, you know For me, it's like it never ends, you know, I have like six screens and I can always be doing something But a you know, you're watching price action a lot, you know, when you invest, you know, you're just you're dc Angling you're checking maybe two to three hours a day going through the charts looking at the macro And you know, you're just kind of adding I do all of it Um, I probably I think I'm pretty sure I'll make worry more money Um investing in the long term, you know what I mean? Just like letting things sit But at the same time I've future traded before you know and swung trade on spot Use the few thousand to create a few thousand and then use that to make a long term position that ended up 50xing or 25xing So it's kind of like amazing. It's like you have this pot of money You can swing trade for more then you can start adding that to long term holds and uh I remember doing that with phantom lat one year and it was amazing I had 10 grand just in tether And I would trade and I didn't even trade the 10 grand all once Sometimes I trade like a $3,000 trade. Sometimes I had three $3,000 trades open Sometimes two would lose one would win sometimes two would win one would lose. Sometimes I only had one open to depend Um, sometimes I had all the money out. Sometimes I only had half the money out, you know And and I eventually was able to within like about a month a month and a half I was able to um, you know out of the 10 grand. I was able to turn that into about I think it was about 14 8800 And I took that 4800 and every time I won I was putting that money into phantom because phantom was low So I was swing trading things that weren't that low or had some volatility And and it was awesome because in my mind I knew what I wanted to do with every trade because I'd be in a trade and it was up 250 I'd echo that's just 250 more phantom and I just raised the stop loss up to 200 bucks Like I was very very just take the profit take the profit take the profit And I was like if I could do this 10 to 20 times 300 here 400 here, you know I'm going to amass a $5,000 bag of phantom and then I can leave that and let that sit And see where that can go right and uh So I'm all about I like to swing trade into long-term positions That's kind of like the main and I don't even didn't really know that's what I did until I realized that's what I you know I was a swing trader then I was a long-term investor then I started in that long-term investing with some of my swing bags So I always at any given moment in time. I'm always buying like today. I bought a little more bitcoin I'm always adding to my bags of btc. I believe in inflation and I've been studying inflation to 2010 I always am in a swing trader to depending on what's happening And I'm almost um and and depending on the day. I'm in a future trade usually for that moment in time Maybe a four hour trade two hour trade, you know, sometimes a 10 minute trade yesterday Yesterday, I used like a thousand bucks to scout bitcoin for 50 bucks. It wasn't crazy You know, but it I made the 50 bucks and what like and like I don't know 20 minute maybe under an hour, you know, so And sometimes I'm just trying a strategy or I'm doing something. I want to see if something's going to play out Half the time I'm just I want to you know, I'm I'm so into probability I want to test the probability of a certain strategy or something that I'm using, you know Like we're above the 200 sma. That's also a good sign here That we could continue to the upside when you're below you're in downtrend when you're above you're in it, you know And that's going to be true on all small time, you know here. Look you short You get above it you long you get below it you short And I showed you that too on the 15 you can you could you could trade this, you know And that's why whenever I'm now looking at the weekly and I tell everyone we're above the 200 sma in the weekly I'm still bullish Because I stick to these same ideas over and over again, you know I've never opened up an options trade in my life. No, I've never done options I guess I consider myself super lucky My story is I started trading You know, I started just looking at stocks 2007, right? I didn't know what I was doing I got out of college in 2005, right? I'm 23 24 years old You know, I go through wall street and people are telling me and I see, you know I see all the money and I'm in new york city and I'm like, well money gets made it and you know You got to understand you got to get into wall street. You got to trade, you know And some days I would stay outside of that, you know, the new york stock exchange And just look and I'd watch all the people come in and out and I And I'd kind of dream of like what we would be like to be a millionaire and change your life, you know and I kept thinking what do I what can I do to what can I do? Right? I was 24 years old. I was young And I started thank god. I started researching Just a lot of kind of like deep dive conspiracy theories online, you know And sometimes it's faux pas to mention this stuff But like and I won't say exactly what I was researching but all different stuff near the experiences, you know I got into like, you know, even ghosts and stuff like that I know it seems off topic, but it's not I'm gonna bring it back to book map But the whole thing was I started realizing there was a lot out there that I didn't know number one That my what I thought reality was wasn't true and then I got into inflation and I found an A documentary on inflation and it taught me, you know, they're they're gonna print money to zero and they're gonna keep doing it and I was like whoa And by 2009 I was like pretty hip to inflation and I was like, oh my god I got to get out of this us dollar that they got everybody in Otherwise I'm gonna end up like everybody else and I'm gonna lose all my money due to inflation Right, or at least a third of it or half of it And I worked hard. I worked a night shift. I said, they're not going to take my money Like they took my parents money because then I got angry once you realize figure out inflation You'll get angry, especially if you love your mom and dad and they worked really hard I thought how hard my mom and dad worked and all the years they spent And I thought of how they were getting their value stolen from them and they couldn't even see it And I was like, how horrible is that? And probably voting for the same people that are adding to the fact that you know, and I was like, man This is just this is bad This is not the way it should go. I knew there's something wasn't right about it So luckily I got into buying gold and silver bars Then I'm at so much of it. I had to start to trade it because I was like, well, what do you do with this? I learned how to trade because of that that forced me into trading Boom, boom, boom, you know, I got into great. So before Port of the story is I didn't know what leverage was. I didn't know what options were And I just threw, you know, two grand into great pants are limited It turned into like 9,800 bucks Boom, I now was like it did it in about four weeks. Maybe a yes. I can't remember. I think 40 days if I remember being four And I was like, wow, you know, I worked so hard and I just made Way more than I make in a month Working my butt off off of trading And then I found canopy growcorp because I started thinking, hey, well marijuana will get legal and then hopefully, you know, that could end up Becoming a viable way to invest So I started investing in stuff like that and then from there on things just kind of kept growing And so I was able to amass a pretty good investment portfolio Before I ever really did like, you know, um During that time I'm trading gold and silver on the Toronto stock on the New York Stock Exchange But my long-term holds were on the Toronto Stock Exchange and um I had to get into the Toronto Stock Exchange as well at the time. No one was trading it. I didn't have a friend family member. Nobody Uh, it was my idea like I watched someone I was getting some tips on great pants are limited The only way to buy it was on the TSX I said, man, I got to get on to the TSX So I've been someone who's been kind of like I've pushed myself to find ways That's why when I find someone there's a coin and like I don't know how to get the coin I'm always like I kind of roll my eyes because I'm like, man, you always as a crypto lifer We say yes, we can always find that coin We can always find that move, you know, uh, there's got to be a way every time, you know, I never want to be denied uh and bookmap also helps that so The uh it for me it all started so that's why I'm not as like prone to jump into like options and futures because I'd made a good amount of money just Being like, you know what this is going to be big in two years from now I'm going to put a good amount of money in it and see what can happen And that's kind of how the crypto space is too. I mean you speculate, right? So if you watch my channel a lot, you're probably going to see what I'm speculating on recently Like most people know I'm a Casper guy big on the on the coin kspa. I don't know the team I've never been paid to talk about it. I just want to, you know, disclose that But I think it's a great project and I think it could go places. So anyway, um, I dollar cost average long term And uh, that's like my story. I just wanted to kind of give you guys a little story of like Where did this guy come from? You know, why does he do what he does and there's reasonings why I trade the way I trade because of what happened to me on my way into trading, right So not really much to kind of go over. We're just watching this, you know, again I knew price action was going to be flat for this hour I think we started at 29 247 or something and we ended at 29 259, you know Um I wanted to kind of make this a nice solid hour for for everybody here I would have loved if we had been able to watch the short squeeze But if you have book map, keep it open watch this one minute. I would chart this one minute pen it here And uh, smile later today if you do see it go up man. Man lifer man. He did it again, you know, but we don't know We'll never know. Um, it's the probability says yes, and we'll go from there so Yeah, um, I really appreciate everyone jumping in today I thank you all for being book map supporters Uh, more people in now than at the beginning. So that's awesome Uh, let me look at the chat some more questions will be awesome. I love q&a. I love sharing my energy my knowledge anything you got Please don't feel, uh, please feel free to ask man And know that I live stream every day 10 a.m to 12 p.m money through friday and saturday and sunday nights at 8 p.m Every single day of the week. Okay, no days off All year long, baby And they're just they're just picking off people that are 100x leveraged all over Right And I should I give you the little last little cool little trick? All right. I'll give you a little cool trick I wasn't gonna tell you guys this but you know what because I love bruce and I want to hook you guys No, but no, but I love book map and the whole team. So here's a cool little tip. All right This liquidation levels latest ML applications. This is a free indicator. All right Free indicator best with use on like the 15 minute time frame And what it does is you can show me who's basically a round price action and wants to get liquidated You know, they don't want to but they may they likely are going to right And it does it by color coding. So Like the bright yellow is the 100x Short people they're believing that it can go down and they're got stop losses right here And they're about to get picked off right when this my flag breaks out They're the ones that gonna put my flag up. All right Always use alerts So you look I didn't have to stare at that coin to see the alert hit right always use alerts Um, then we have the 100x longs right next to erotrona and then we have the 50x and then the uh The 25x these are the 25x the 50x same thing on the other side here And so sometimes what I'll do is I'll just look and see if there's more liquidity either way We do got a lot of long liquidity. We do have a lot of short liquidity. It's kind of well balanced Um, and right now they can eat right there right there. They can liquidate these people so And also I use the vrvp and look at the point of control sticking out once you get above a point of control You you likely go to the next big node All right, so that's 29 800 So that that kind of You know starts kind of showing some signs And again, remember that and I use my moving averages It's very likely we get this pump up to the 200 sma when the moving averages get very tight I've seen it happen like hundreds and hundreds and hundreds of times Um, I'm watching xrp on book map to love you brother. Yeah, can you please explain the difference using ema's and sma's? Yeah, it's a great question. All right An exponential moving average between a simple moving average. All right, and then I got to jump for the day Let we'll just use the 21 simple Say use the 21 ema right Now what is it? I'm moving average it's you take 21 days And you divide it when the candles close and you divide like the 21 day you take the end of every day And you divide by 21 days and it gives you a number, right? That's the moving average the exponential moving average will put more weight on days number 17 18 19 and 21 That will on 1 2 5 or you know So they both are made up of 21 days Like say these are all 21 days and that's the moving average, right? But an exponential moving average will put more weight on the days closer to your recent to to your present time And less weight, you know Simple moving average will just divide all 21 days and give you the average it won't put more weight on the closer one So by doing this the ema is supposed to be a little more leading and a little less latent That's the idea Now if you're just good at trading You could trade an ema and find the signal with less latency Or you could front run a simple moving average meaning you could see something about to happen and just start your trades before it happens And that way you can almost make a latent indicator less latent But that comes from your subconscious mind having used that indicator so many times in your life Right so So more heavily weighted Heavenly weighted. Yeah, you're right. You're fine But it puts more weight on the on the more present Days on the days that are closer to the present time You know Yeah So that's the end of I mean, I wish we could have saw move. Bitcoin was very flat right Even now though we got this little kind of trend forming here. It's a little tighter channel And I'm always open minded. I'm always watching and looking And I'm just edging out my probabilities And remember we had fed day tomorrow So it just adds that it adds a you know a sense of suspense and hesitation to the market I hope everyone really enjoyed this. I really did Uh, the questions were awesome. I want to do this every week. So keep coming back Uh, and I wanted to keep continue to do this I wouldn't mind even making a live trade, you know, like if this got closer I would have tried to open up that I would have opened up that live trade on, you know Didn't get a chance to do it, but you never know if it happens. We'll get the moves too as well. So Um, thank you for being here. Uh, shout out to bruce. Shout out to josh. Shout out to the whole team Betta and not everyone out there. I love the whole book map team I really appreciate that you guys have, uh, you know created the sponsors the relationship I have with you guys and um Thank you so much for being here with me everyone and um You know my second live stream of the day Hope you have a wonderful day. Hope you're you know Just doing the best you can with your life and staying positive. Remember work out if you're getting into a rut You're not feeling good Work out. I'm telling you it's so important And uh, yeah, thank you everyone for being here and I'll see you on the next book map Uh, yeah, link in the description below to book map. All right, if you want book map I have links to my stuff too. So Thank you everyone. I appreciate it and I'll see you uh on the next book map lot