 Okay, good morning traders and welcome to the Bookmap all markets webinar. This is Bruce at book map traders and welcome and we'll be going through the order flow analysis live analysis here like we do every Monday Tuesday and Friday at 10 a.m. I'm Bruce. I'll be your host and I lead the trader education here at book map. We have a variety of traders here We have a whole team of traders. I'll show you that in just a minute I've been trading for about 15 years in a variety of markets I'm the order flow specialist here and with expertise in order flow and market microstructure You can reach out to me at Bruce at book map number 3993 and then at flow orders my Twitter handle. Let's go through some disclosures And we'll get going All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's jump in. Let's take a look here at book map Good morning BBM And Deborah good morning, so we had some days off due to the US holiday and We had non-farm this morning so we can see the volatility right here in front of us some beautiful price action And order flow look at the high liquidity up here. Where did price go boom? Right into it a little bit above it and then boom it just fell out of the Sky here went a little bit lower here And then we started to can see some support here or some demand At 43 or 44 30 and then we just been back and forth in here, right? So now we're gonna cover this Event here now this this is you can use this for your initial balance a lot of traders like to trade Initial balance or the first hour or use that as a standard for understanding what might be happening next and And trading around of those data points Or maybe the first half hour or 45 minutes or whatever it is This is basically the same thing that the concept is that a Big event has occurred and that would be the open So you can see it here actually Here's the open at 930 and you can see the volume really picks up here They look at the dots look at the size of them look at the bars and look at the size of them So there's a lot of volume that has traded here. This is What traders are looking at from the cash open for the first hour or so? And but this is even more volume here So this is a bigger event This is one of the biggest events in the market is your non-farm payroll your FOMC that is the biggest Economic event scheduled event In the in the markets and non-farm is next now. You can see how the price action from non-farm has dominated All we've done is bash back and forth within this price action here after the release of the data I Don't know if the data is good or not We won't go into that in interpretation of the data. The number was less than expected. That should be good but I also noted that or saw that the Was it wages have they're still up more than expected so The market this is what the market thinks of it is telling us right here And this is what we're going to read and we're going to put into Action here by understanding the behavior of these players and how they're interpreting this event here Right. So right now we can see that we can't break above this high here or this high liquidity here Right, so that's what we're reading in here now. It looks like they're trying it looks like that the market is telling us the participants in this auction they are Starting to buy okay, and look where they're buying if this is important They're buying above this price action in here and this swing in particular Right, and this is the cash open here. This is another event important event. We're above it Right, so the next area to test is up in this where this big transaction and liquidity took place and also the swing Right so up here And you can see that this is also relates to something else important here 4450 okay the traders look at Especially larger players are looking at these round numbers And dealing around those large numbers and there's no coincidence about that You can see there's just a little bit above it here around 41 and a half or something like that And they they got their fill they got what they wanted they did not leave the order book and In this event here look how dark the liquidity got right before the number This is how you get volatility. There's not a lot of traders Willing to provide liquidity so the liquidity is up here And it trades right into it All right, so Price bashes around when there's a lack of liquidity And but we do need the aggressors though and that's the other side of the coin that's needed here That the aggressors need to push that price around and they can very easily when there's no liquidity here This is like air So for example, if I let's suppose the spread was Or we just go through an example Let's suppose the the the buying was let's just use a line here This is the the best bid and this is the best offer up here So if I hit market buy there's no one in the way here to take the other side of that trade They're up here. So I'm gonna move the market with very little effort up to here And then it would transact up here now. Do I want that probably not But I'm actually moving the market and this is how the market. This is how the markets move And we can understand that That concept When we look at a very very small price levels in here You can see the spread in here by a tick or two And then the market buys up here and the market sells down here the red dots of the market sells the green dots of the market buy The green line here is the best bid And then the red line is the best offer now I know this is basic stuff here, but we're just going through the basics and we're understanding how the auction process works Right, you need to have these players in here without it. Technical analysis is meaningless Okay, therefore it is the behavior of the players that matters in here They're the ones creating these patterns in here and understanding What the majority here think of this market? Okay, so right now we can we're reading it right now. Well, we're we see buyers above this area. That's good That's bullish. We haven't come back down here yet However, we have not broken above this swing or our line that we marked up here yet either Okay, so let's take a look now We're in between this range, but look at the buying coming in now and look at the buyers here All right. So if we get a few more buyers up here Then we should trade up into this liquidity and maybe above it here Okay, that's our level that we're looking at but let's read the auction in here So that we're getting our buyers, but there's limit sell orders right in front here All right So that means that these buyers have to trade through these limit sell orders here in order to move price higher Or maybe these guys here that want to sell with their supply here in the in the auction Maybe they pull it away Maybe they flip maybe there aren't they show more demand on the bid here And if we get green dots we we can easily trade up into these areas here Or another scenario here is we may just get lots of big green dots and they'll trade into and through it No problem if there is enough demand with market buy orders here Hey, and that's what we're reading right now. You can see that scenario is starting to play out Hey, so we got our green dots here Hey now see how it's dark here though So sellers could if someone comes in and hits market sell they can move this market down here pretty easily Right so beware here So what we want to see instead to for something that is higher more likely to unfold is if we see demand Here in the limit order book With limit buy orders we get green dots and they pull here On the offer. Hey, that's the the best scenario that we're looking for then we get our green dots And then we'll get this move like this up into 52 maybe higher 53 54 right, so These are just market mechanics in here and the basics Then we're understanding this auction and the and the we're understanding the supply and demand and what traders think about it And this is how we can read order flow Right now. We're reading it at this very small level in here, but it's an important level Due to higher time frames as well. Hey looking at what we covered earlier And the non-farm as well and then what did we have something higher probability in here not really Not really we saw the the buyers come in here But we were like no, there's not a whole lot of demand on the bid. They're not really pulling here we're starting to find sellers and And here's what here's starting on what is what's starting to unfold is we're getting The sellers hit into this area or coming close to it at least that we mentioned earlier Right so we're that's why we go through these scenarios and then we can make a better Decision up at this level if we see something that meets What we've studied and we know gives us a higher probability for an outcome Okay, now you can see this scenario did not unfold the opposite did now we've traded not only to 47 and a half we traded down even further Okay, so anyway these market mechanics. It does not matter what market you are looking at it is the same Okay supply and demand and auction process here. It is all an auction and We're just reading it here and we veered away from it. We were thinking well. This is not exactly what we're looking for And so this is how you can make a better trading decision All right, so now Let's let's also apply this to other markets And and take a look here. So look look what's happening now We're trading back down to this 45 level where that demand came in and we saw those green dots here Hey, and and still a bit lower here right, so anyway What what's going on now with price is? discovery It is trying to find supply Hey, I'm sorry is trying to find demand the supply is coming in with the red dots here And and also on the offer see how they're on the offer here Hey, the demand is down here at 40 And that's it. It's as simple as that Hey, we saw the demand earlier at this I don't 47 and a half then we see it here at 46 and now we're looking at 40 And we're looking for price discovery to continue until we see something different Now there's different variations that may occur down here as well so for example Maybe they they pull that liquidity here and add it higher or maybe other players come in in front run And want to buy in front of it here. Maybe we exhaust here by the supply with the market sell orders in here And then maybe we find market buys right so Understanding again, even in these areas here, we don't have to trade down here Hey, you see how that demand came in here look at the reaction You just can't make this stuff up and if you don't have The access to the liquidity, this is what it looks like You have no idea why this is moving here That gives you more insight here It's completely I mean you're not even looking at the volume You might be looking at a footprint chart, but likely you're looking at something like this some sort of candlestick and in fact we can We'll take we'll just take the volume dots and volume. We can leave the volume bars on Take the dots off. We'll take best bid and offer off and we'll we'll make this a But to be fair we'll make this a candlestick of I don't know a minute or even 30 seconds, right? Let's go a minute Right. You're getting aggregated data within a minute period Every minute you're getting four data points open high low close everything that happened in between you have no access to And you have no clue where the volume is transacting you have it in the bars here But you don't know where it's transacting because you don't have all of the all of the pieces here You don't have all of the data Okay, and this this is the view that most of us have been looking at for years something like this right, so How we can use book map to our advantage is to look at the streaming price action with best bid and offer The let's take the candlesticks off Let's look at the volume dots And let's turn the heat map on Okay, so now we have the aggressors and we have look at the look at the bid in here They're bidding up. Okay, so we're looking for 40 earlier until we see something different. Well, this is something different All right, so now It's just kind of retrace back up here Let's take a look though. Okay, so this now. This is another volume event in here Okay, the volume started up here on the cell side You can see it in the in the bars. You can see it in the dots and it broke and it went down here Sellers are in control from this point onward. This is a pullback here Hey back into the range if you will of this Of this price action of this drop Right, so now are we anticipating to move back up here? Not not right now Hey, we don't we I mean look at this is good We've seen the the the volume here or the liquidity here at these levels Hey, but a little bit higher would be better because else we can just kind of move down to 44 and Go back and forth in here Hey, so again, we're looking for this Confluence of events We want to see more on the bid We want to see them pull on the offer and we want to see green dots then if we get that scenario Then the likelihood of trading up into 49 liquidity is much more probable And so otherwise, you know, you can see here We have some supply here and we have sellers. We have exhaustion here. This is exhaustion Hey lack of buying. This is just the best offer up here And we have lack of buying so that sellers were able to drop it Okay, so let's see if they can still drop it and down into 44 and see how they pulled a little bit there at 44 Okay, and let's see if there's is there still more sellers? Can they can they trade through 44? Well, 44 seems to want to they seem to want to buy here and that's what we're reading And the and the and the sellers the aggressive sellers didn't take them on And now we're getting another retest here. It looks like they're selling pressure They're gonna take them on now. Let's see them trade through it and see if they can trade down into 43 and maybe 42 Okay, 44 transacted guys, I know that This is a repeat for for most of you But we got there's some newer traders in here that we're asking me about this so I wanted to go through these details in here All right now this can be applied to all markets It really doesn't matter There's different Different markets that trade in different ways So for example, let's cover a stock. I'll open up a stock and I also want to cover Bitcoin as well, right, so let's take a look at Nvidia here. It's been moving All right, so same three elements on this chart Areas of high liquidity now look look how this trades differently Look at 930 at the cash open look at how these larger players come in and park their liquidity at these levels here They are advertising in the auction This is where they are willing to deal if you want to if buyers aggressive buyers Want to make the transaction into the sellers. This is where they are And you can see the buying demand in here was pretty pretty strong traded into Took a pullback traded up to and again through here pulled back through here pulled back And now we're starting to see that See see the the size of the dots here look at the size of the dots in here Not quite as big it's still green. That's good and the majority of it is green and that's good But just it's not the same kind of demand as it was through this process here in the auction And we're starting to see some sellers now, which we didn't see any or very few red dots in here Now we're starting to see some Okay, but it's not a whole lot right now. So buyers are still firmly in control here Good morning, McLoko. I miss you. I covered you a bunch of times in particular going through cumulative volume Delta In fact, you can see McLoko is a huge fan of the cumulative volume Delta CBD we have it here in Nvidia and it's giving us some pretty good readout right now That here we're making Higher highs what cumulative volume Delta is making higher highs But look at the lows in here Okay You know, it's there's still like all of this selling in here is not very much Okay, so it's really it's really telling us that There's even some divergence in here Okay, so this is just buy minus sell aggressors plotted over time And then you can see that this move to the upside here. Well, this is that buying in here cumulative Over time and look at the selling here And now how come this didn't make a lower low it made a lower low here, right? Below this swing right here. It didn't even come close to it here Why? Because there is more aggressive buying in here than there is selling and that's the divergence Okay, now we're starting to see sellers come in All right, so and look at the lack of buying here and not so much buying here Okay, so where are sellers likely to move it? Well, let's see 426 maybe 425 right, so anyway same auction process here between these three elements of price action aggressor transactions Which which are the green and red dots and then the liquidity The other side of the trade limit buy-and-sell orders All right, let's take a look at Bitcoin And when I cover the same thing Let's just start with the Price action here Though here is our event non-farm had a pretty pretty big effect also on Bitcoin as you can see right here And then well just want to cover with you too. This is the liquidation indicator and this is Something that if you're trading crypto currencies, you really should take a look into It's like our stops in icebergs or at least Like our stops for the futures markets, but it's even more powerful And this market in particular or crypto currencies in particular it's important to have access to this information because these markets are Not as based on You know, they're not as tied into the community So basically a lot of times what we'll get in crypto currencies is this sloshing around of just liquidating one One group on one side and then going to the other side of a range or price Structure and liquidating on the other side and that's what's driving The price action in a lot of cases Okay, so different markets trade differently the process and the mechanics are the same all right, so Let's just go through a quick analysis in here and guys I'll get to your questions here. And so we'll get back into the futures or stocks, whatever I want to cover this though with Bitcoin All right, so let's take these elements off the chart again and let's look at the price action okay And liquidations we'll take that off for a moment too. All right, so the price action is telling us a lot a Lot about what the behavior of traders think in here So we can see these these areas of Back and forth in here where price was valued here until sellers came in and moved it and explored down below here and Basically, this is what I'm talking about with the liquidations in here Explored down here probably knocked a lot of people out liquidated their accounts and then came back into the range in here and Sloshed around until buyers came back in and moved it and probably likely Caused a lot of liquidation events up above in here Right and you can see it's already pulled back into and below that swing into the range here and tested this area And went slightly below it to here and now we're seeing buying activity come back in Right. It is breaking out of this little range here Okay, so where is it likely to go just based on the price structure? We'd look for it to probably come up to Probably probably be right around in here. It's kind of a range but this little area in here and we would look for buyers if there's enough buyers Demand in here to trade up into here Okay, and that's just based on price structure here And now maybe this little breakout of this little range fails and we come back into the into the range into the other side of the Range and we don't know looks like that's what's happening This is what we're talking about before the liquidation events that are going to take place in here And we'll turn that on in just a minute Okay, so you can see this breakout here that when we're looking for it to come up to here failed Now watch it trade to the other side here and liquidate people out on this side right, so now to confirm that let's turn on some of the Elements here and we'll look at the heat map And we'll look at the volume dots and then let's turn on the liquidation events as well Okay As I'm going to close Nvidia for now if you don't mind I'm having a couple of memory issues here So I'm going to close some some symbols will have the ES and Bitcoin All right So here we go now did we get our liquidations down here? No funny enough we didn't All right, so let's see if We're going to read this down here. The behavior here is we're looking for liquidations to drive price a bit lower here We're not getting them yet And we I don't see any liquidation events in here see how we got 39 K here or eight different events in this little area here Price traded there and went back and forth in here 3k here another 3k up here nothing up here on this little false breakout Hey, so what does that mean? Well price is going to have to go a little further to liquidate some people And we're gonna have to get some more volume trapped in here somehow and we can look at some of these traps now Why are we covering traps? Because that it is the trapped traders in here that are gonna move the market Because if you're a seller down in here suppose suppose that's your scenario you sold down here Your position is now long. It's not short Okay, in essence Because what you have to do now is you have to buy you are now a buyer You're not a seller any longer you sold already you are now a buyer Well, where are you gonna be compelled or forced to buy? You're gonna as it goes against you and where where will you place your stops? Where are people placing their stops maybe up here? Well, look there's 609 coins up here waiting to take your your stop Okay, so let's see if this event unfolds here and Let's see does it trade up into this now it's 581 coins up here Does it trade up into it? Do we start to see liquidations that would be the likely scenario? Okay, now the mark is dynamic look this guy pulled that liquidity here Especially especially the crypto coins Are very dynamic you see a lot of Algorithmic activity and pulling and adding of liquidity all the time a more so than other instruments Okay, Steve. So first time here welcome Have repetition is good. Thanks BBM Yeah, Floyd not just the algos shut off five minutes before the event Everybody yeah, I mean they're not gonna take the risk The only the only people that didn't were the ones that took the risk and it's these guys up here and It was just massive. Let's just zoom in here It's massive liquidity And they got actually pretty aggressive in here. This is their behavior in here high liquidity in here and some front-running Doesn't even trade into it But these guys wanted to trade so they got more aggressive and they lowered their offers and then they transacted Okay, you can see the transactions take place right here. You can verify it Boom right here. Okay, and it went a bit higher into this liquidity here and a little bit higher more still And then it never made it up to 55 up here Okay, this is one of the the Order flow patterns that you can start to look for there's buyers, which is good. You would look for it to continue here Pull back now not much of a pullback just a few ticks retest no buying So that's odd We found buyers earlier and we're retesting here and we're getting no buyers at all Well sellers read that and they come in and then you can see it trades back down into this liquidity And then continues well that was enough for then and it continues on There's another retest up here Now this this is gonna be a stop run in here and I'm sorry. It's not a stop run. We have stops right in front of us here and it is not Right, but anyway, it's a sweep of the order book up into 53 and a half here And it hits this liquidity and that's it stopped it right in his tracks Okay, and that's been it really okay some back and forth in here retested a bunch of times It never got any higher. All right, so let's go back to Bitcoin here Okay, and we're looking for these potential liquidation events in here and all it's done so far is it did bash around Between this range in here it this is where it tested here and then also here Okay, these two little areas this this little swing here and then here as well All right now. Let's read the auction down here and let's see what's going on. Okay, so This range in here seems to be Where for at least this time period price seems to be pretty happy. It's accepted Okay, so here come the buyers again trying to lift this market And then we're looking for them to try and test to the other side of the range here Right now. Let's let's read the auction in here Do we have enough buyers in here? Yeah, not not a whole lot a little bit in here, and we need to see more than that We're just up to the middle of the range here, and that's it so far. We can see that this is not enough buying Okay, in fact, we're finding more sellers now if we can get sellers below this little breakout range of this little Range right here, and we're gonna watch that and we're gonna look for sellers in here And if we get enough We're gonna look for some red dots and we look for them to trade it back down to the bottom of this little range Okay, so it's the same strategy. It's just a very very Fractal view of the bigger picture here and I want to cover this here This is there's two different things going on here about some the difference between supply and demand versus support and resistance Okay, support and resistance is based off the price action the swings Okay, we assume that there's what this is support down here price is being supported somehow Okay, now you can see the see how the buyers are coming in testing this looking for a break now and back up into this area here Okay, let's see if we get enough buyers to do that Because and why am I looking for a break now? We talked about this I'm looking for a break above this little range here above this kind of three 18 or so a back up to maybe like 350 or so here Hey, any anyone? Have that want to take a stab at it. Why are we looking for a break up to here now? Okay, it's done the other side of this range, but looking for a bit more. Oh, okay, no takers Well, let's turn the heat map on and take a look here, but we have some trap volume down here This is why these are those compelled sellers that are now buyers Okay, and we're looking for a liquidation event Okay, back up into this area here Okay, now the question is is this really enough selling in here? It looks like it looks like it to me So we look for these buyers to come in again here right here right now and For them to lift the offer up into this 350 area here And I'm looking for some liquidations here. Right. That's where we identified some of the trap volume in here And we're looking for the event to unfold Now another thing to consider now if we get this if there's enough enough buyers in here Which means these trap sellers become buyers, right? If we get enough in here Now, how do you take your profits in some of these areas? Let's see first off We need for this event to unfold now. How do you take some of your profits in here? Well depends on how many trap sellers are and how compelled they are to buy You may take some off up here and just be happy with that about 350 Okay, and then move on to the next set up Or maybe you're looking for a bigger break up into this liquidity or this area or maybe even this swing up here Hey at for 30,000 what is it 430 or so up here? Yeah So that's what we're looking for now Here's our move. Okay. It's it is breaking up to the swing. Okay And we don't have a whole lot of buying in here It's not a whole lot. It's really just kind of bashing around in here It did it though and that's what we're looking for Okay, so here if you're looking for that move if you see that down here and you start to see the buying coming in Take some profit off now depends on your time frame that you're trading Hey, but this is something to consider for a strategy and something for you to go back into look at and test and basically prove me wrong go back in and And what I mean by that is to for you to make it work for you They prove that it works for you not take my word for it And this is how you can build a trading plan And if you look at enough instances of this and you start to build some confidence on it and you start to take some profits And minimize your losses Then you've got a trading strategy Okay, and one event does not matter. It is all of the events together. It is the cumulative that matters in here Now I still haven't seen any liquidations. I'm looking for them Now I might have some filters on the liquidation indicator I do okay, so I'm looking for a bigger event 3k was was filled in this area here. Let's let's leave it as is And just keep the filter on and look for a bigger liquidation event But I think we got enough sellers in here to get this short squeeze and liquidation event Right, so that's what we're looking for here Any questions on this anyone have any questions? Okay, what we're doing is we're identifying in the price structure the behavior of specific traders and Where where they might be positioned and where they might? unwind their position And in particular with cryptocurrencies because this is a lot of times what we see just liquidation events on one side and Retesting to an area and then liquidations on the other side and retesting to that area It for the ES it is the same idea now This is a different market and it's used differently and this is a very important market worldwide And we're looking at stops and icebergs in here. Basically stops are They could be liquidation events, but likely not No, I'm sorry they are not liquid they Someone might be getting close to liquidating their account, but yeah, a stop is a stop order here. That is Transacting okay, it's not necessarily liquidation Okay, so it is different, but the concept is the same Okay, and look at this price is still exploring higher here, and we're still not seeing any any liquidations yet That's kind of funny. It's kind of odd Still looking for it though, but maybe we exhaust out up here. Okay, so this is why we continue or Consider taking some profits in these areas because maybe we don't get that that squeeze to the upside here Maybe there's no more buying up here. Maybe these guys are holding on maybe they're in longer position. Who knows? Okay, but we're looking for it If we don't get it and then we get exhaustion in here watch how the sellers will come in and they'll move it right back down to probably here It where those buyers came in initially and move that higher and that's where we were looking at in here as well Somewhere around in this area Okay, so and then starting to target specific areas as well. No questions. All right forward You can act open up your cumulative volume Delta here. I have cumulative volume Delta and liquidations In the sub chart here. Okay, and the widget panel as well Now here come those buyers again and retest in here There's something I want to cover here with the liquidations as well that you might find interesting Okay Marco, yeah, they I'll look at the Academy a couple Applicants channel in here. Yeah guys, let me show you this in fact. Thanks for mentioning this Marco And I'm sorry they're like rather rather busy at the moment. I'm I'm having some issues as well with the The signups some of some people have some of you have signed up but it didn't I Report in our in our database, so I don't know what's going on there, but I'll look into it Marco And and I'll get back to you Yeah, you can reach out to me. You can just DM me on In our discord channel Okay, which would be great because I didn't see your name in there. I checked earlier this morning And it's not it's not just you there's there's a few I even signed up for a CMJ if you're on the on the webinar and it I was not able to even sign you up And that should have worked so I know that you signed up I we're just having a few issues in there a couple of glitches and getting it figured out All right, so now what I want to cover though about this trapped volume in here and then looking for potential squeezes Above some of these ranges and how you can profit from these in here By looking for that behavior to unfold by understanding the trap volume We want to also take a look at some of these liquidations in here really interesting stuff. So for example Look at the swing down here 39k okay now. This is not a lot boy I'll show you here. We can we can zoom out and we can look at you know down here 261k Just when you see some big trading in here You'll see like millions of dollars in here. It won't be hundreds hundreds of thousands. It'll be millions. It's it's amazing to see this Anyway, this is what I want to cover. All right, so we have some liquidation events here on the On the sell side here. This means these were buyers here that are being forced to sell by the exchange They are liquidating them and these are their sell orders in here now What happened in here and what I want to cover is how you can use your divergence like CVD like we did with McLoco earlier you can do the same here with Your liquidation events here's a retest of this area down here 39k 39 thousand dollars liquidated over eight events slash eight eight events Here's a retest here. It actually made a lower low, but we only have 3k Here's a retest here. We actually made a lower low here and here and we have none So what we have here is a divergence It knocked these people out it retested here knocked a few more out It retested further and it didn't knock anybody out All right, so these sellers now they're feeling the pain on the opposite side These are likely then like we had mentioned trap volume. Here's this is like a divergence in here You can read it like that. It's retesting this area It's not finding sellers or the sellers that are it is finding in here are real sellers Potentially and then we're getting the The squeeze here to the other side now, but yet we still haven't seen liquidations on the other side yet on on the To see these sellers have to buy back yet You've forced from the exchange to liquidate their their shorts All right, so that's another way to look at this and use this indicator continue to study and start to understand the auction process in here and Things like this will become apparent Understanding this retesting is retesting and it's just not finding any liquidations now. Let's see here Okay, so now look look how these buyers here see how these buyers and we didn't we didn't see liquidations So it retested here and here Now let's just look here and let's see if we get some sellers in here now and maybe what happens is This new range that broke out here It maybe maybe the liquidation will happen down at the bottom of this range again down here Okay, but we need we need to have sellers. So let's zoom in here and let's take a look Okay, now guys. I'm looking at the Bitcoin USDT. This is the perpetual It's with the multi book product here from bookmap data BMD multi book MB and then at BMD which is bookmap data if you look up in the upper left hand corner here I'm looking at Bitcoin USDT But for Binance Futures by bit and okex. So looking at three different exchanges here But within one consolidated instrument. Okay, synthetic instrument Right. So this is an edge in itself here using the multi book product in bookmap Being able to look at three different exchanges. That's why you're seeing there's a couple different reasons Why you're seeing these volume dots take place outside of best bid and offer Okay, because there's some discrepancies in price between these three different exchanges in here and That that's one aspect another Element in here is like the tick sizes. I'm looking at $1 per tick, which I don't recommend it takes a lot of memory It is better to use something like five or ten dollars per tick, but right now it's showing $1 and a lot of you know with crypto you can you can look down at point 001 Dollar in terms of tick size and that that'll really kind of You know mess up everything Anyway, it's most likely just between the three different exchanges and that's why we're seeing the volume kind of scattered But around the best bid and offer here. All right Okay, here we go another retest back up here We see buyers Now one thing about Bitcoin to is be very very careful at the tops of these ranges and bottoms of ranges Okay, because a lot of times what you'll get and this is very typical because what I mentioned before the type of market that it is You'll get these breakouts they fail they come back in and they go to the other side of the range They fail and it just goes right back in the middle of the range Hey, but knowing that you can use that to your edge Hey, you can look for Maybe where it starts to exhaust out Where you see those sellers come in and then trade it back down to the mean mean reversion trade back down into the middle of this Consolidated price action Okay, there's a white line in the bracket number. Are you are you talking about this in here? bingo 136 and then the parentheses Yeah, okay. I have a video to show you on that. It'll probably be easier to explain it Let me alright, so I want I want to show it to you just so you guys know where this You might not know about The new learning center we put together so go to book map calm Go to the more button here and then go to learning center All right, and then in here Go to the If you're new in here, you can go to each of these three element or Links we're gonna go to the getting started and then in here We're gonna go to volume and then last traded volume aggregation is three minutes long this video and it explains it in here What's going on? All right, I'll put this into the chat for you but and then I'll explain it as well, right so Let's take a look Okay, we'll zoom in All right, so we'll probably yeah, we'll see it in here. All right, so Basically, let's here's here's a volume of three coat So this number here is an aggregate number and this here is the last Transaction which is a volume of three and it's the aggressor okay CVP green dot. It's three So volume of three now as we go forward We see another transaction at the same price and and again it is it is buyers Right, so now it's 12 Oh, I'm sorry. We did we did get a change in here. We did get a change. All right, so I'm sorry So let's take a look again This will demo it right here Okay, so we have let me just use this feature Okay, there we go. All right, so we uh, we have another Transaction in here Okay, six however, um Yikes, this is it's just not quite doing okay, so we have three And then I'm just gonna Zoom out I'm gonna have to show this uh In terms of volume dots all volume dot dots here total volume and no filters No clustering Okay, I'm sorry guys. We'll just go through it this way. This will be easier here. Okay, so in fact what we have here is To begin with a volume of one this this one here. It's a cell hitting the bid here right Okay, then we have another two events that took place. So it's accumulative here that now we have volume of three all together Okay within this time frame here, uh, and we have uh the accumulative of three Right, so now as we scroll forward though and now one went out of the picture So now it's down to two. It's just showing what's in my viewable range here All right, and then if I go and I continue on Uh, now it's just that last one and it was a cell I need to keep these in here. All right, so here's where it changes Here's where it changes here. So here's three Right, they were cells now look at the best bid and offer changed here All right, so Another transaction takes place, but it's at the same price level. So there's a volume of four in the cumulative However, the number is now one because this is a market buy order But it's at the same price level and that's how this works. It's a cumulative counter Within this viewable range in here Okay, this will reset once price goes to a new price level But it doesn't matter if it's a buy or sell this white number will be the cumulative. That's that's how it works Okay, sorry that took a little while to find that example or to go through the example The video is probably better All right, let's go back to uh to bitcoin in here. Um, and uh, uh, yeah, so anyway, I wanted to show you that Uh, the getting started, um, uh, course in here. I also want to show you the, um, academy page that, um Was mentioned here by By marco. Okay, so uh guys, I'll put this into the chat as well Please read through this. It's a it's a great new program. We just put together and basically You can get book map for free You need to and you can you're going to get this you're going to be able to improve your trading skills You're going to network with other traders. Uh, and then you are going to get book map for free if You make the requirements in here. It's an academy All right, so first step is you're going to apply to this academy and then if you are accepted You'll be in the book map junior academy. You'll create content in here. You'll document your trades. You'll get some feedback on it and Some mentorship in there if you continue Uh, or you, uh, meet the requirements in here Then you will be invited to the regular book map academy here And that's where you'll get global or global plus for free If you double your quota, you can get also the mbo bundle or other add-ons for free Uh, you can step it up for um, step three You you can become a coach. You become a streamer. We already have three different streamers that came through this way with the academy tom Doug and now mobi Uh, are all streamers that came through the book map academy All right, so if you're interested in that and you want to apply for the book map junior academy Apply here Right. It's a really great program. It's a win-win for everybody And it's going to improve your trading. All right. So, uh, anyway Yep, check check that out if you like and All right, let's see what's what's happening in here. So We got our retest again down here, right, but we didn't see we didn't uh, we didn't break this range in here All right, we're looking for that potential. In fact, we came back up and we're breaking a new range to the upside now All right I'm surprised we're we're still not seeing any liquidations in here. We should be uh at this point Uh, maybe I have my filter on a little too high. I know there are some in here I'm just looking for a bigger event To unfold here So you can see where we we're going in here now. We talked about this as well 440 Up here in this swing and the potential Retest up into this swing up here and this swing as well, which we've already traded through Right. So this is from reading this down here in bitcoin now um, what's important here is like Uh, to understand and just put these pieces together reasonably rationally and logically of understanding the behavior And we didn't get liquidation events And we're seeing that this is potential trap volume And we're looking for a squeeze And then we're looking for targeting certain areas in here if we get Our buyers aggressive buyers Uh, some the demand at higher levels in here and they're pulling on the on the offer Okay, basically these three elements Uh, you can see some really nice stuff in here. Look at the the demand in here. This is what we I kind of missed it Or didn't cover it Uh, but look at it right in here. In fact, let's make this heat map a lot brighter Okay, look at the demand here Hey on the on the bid in here Uh, we're finding some buyers in here, uh, and it's really kind of scattered Uh, but they're pulling over here as well. See how they're pulling right in here. See how they're adding in here finding some buyers Looking for this to continue higher. They're bidding up at a higher level Uh, and then they pull and they they pull here and they add down here Now it's likely the same player because at the moment they pulled here they added down here All right, so there's a lot going on in the heat map that you can um Take away, but uh, when you zoom in you can see see some things like this You don't have to zoom in actually, uh, you can even see some things On the higher time frames like we did in the stocks or the s and p I had any any questions covered a lot so far and seen some You know pretty pretty good price action in here buyers to continue here in bitcoin And let's see let's see if we can get this a really nice now. One of the things about bitcoin too is uh, you will note this When it starts to move it really moves Uh, it is just buying hand over fist and and the markets just capitulate Uh, we could see some really big buying up into, um, 30,500 It if we get the buyers that show up now. We didn't already so look be be wary here Here we see buying and did it trade into high liquidity? Yeah, it did in this area in here We're not getting money buyers here. So now i'm i'm looking for We're looking for buyers up here. We didn't get them Okay, so let's see if we can get sellers back down and into this area here right here And now let's read the order book as well They while they're bidding up in this area in here. So uh, you know We're seeing a bit of selling here. Maybe maybe they can trade down to here Uh, but They're bidding up remember how we saw in the s&p that they they actually it was dark in here down to the bottom of the range And that's what we're kind of looking for in here Okay, we're getting our sellers in here and they're kind of going after that that that liquidity in here Okay, so and and they pulled in fact. So we're just seeing a move back down to the bottom of the range Okay, so we didn't really see the sellers. We're looking for Hey, we got it. We got it a little bit. Uh, but uh, this was uh more convoluted Uh, we're not a clean read Uh, and what we're looking for Okay, so now we're down at the bottom of the range in here Uh, and are we seeing a lot of demand in here? Starting to show some demand in here Not a whole lot There we go. There's some demand starting to follow followed by aggressors And look at look at though. We're still we need to get these green dots in here. There they go Okay, so now let's see if we get our retest back to the top of the range here at 400 See how the demand see how the demand's following underneath here And now we found some sellers though And they took those guys on Okay, and that's all it is it just means that this demand in here We found sellers that wanted to take the other side of the trade Okay, and this happens all day long now. Do we get uh After this event And we talked about that at the beginning of the webinar. This could be even a very small volume event After the event if can we get buyers back up here? Okay, if so looks pretty good for a squeeze and a new range to be established up into uh our um for 400 level or 405 And this is minutia, but uh It's very small moves, but we're just going through the same process here in in real time Uh, thanks. Uh, louise Yeah, if you guys want, I mean you don't have to look at best bid and offer Um, I like it especially with some of these more volatile uh instruments Uh, but you can you can you can turn it off and you can just look at uh last trade if you want last price Okay, but yeah, I I like to see the spread change on and um I look for it Okay, interesting interesting. So Our buyers in here. Well, they made it up to 400, but that's it Hey, they did not make it further. We're starting to see some sellers down here now Where are the buyers? Well, they're here And we're I'm kind of looking to see now if if this might be Uh, where we we see these uh these buyers here have to capitulate and be sellers down into 300 Uh, no the bid is strong in here. See the strong bid here Okay, so looking for actually not looking for sellers looking for buyers here in relationship to this bid Let's see if we can get them and trade back up to the top of the range And this is range bound trading in here And this is something j trader talks about as well Looking for this little hook in here And now that hook is failing We might get a retest and might hook again Okay, but but what it means though is that uh, maybe you trade down into Uh demand down here, uh, and then it starts to kind of hook around Uh curl around and then you get buyers here and you get the move back up to the top of the range Okay, instead of blindly buying at uh, uh, you know bottom of the range here Hey, because you know, you can open yourself up for uh, you know potential, uh long squeeze to the downside here And and why take the risk if you can read the the volume, right? Yeah, here come the sellers Okay, sellers should be able to move it back down to the 300 here 310 300 Okay, this is why Same same answer as before. Why why do you guys think we're looking for that move? 310 300 Uh, maybe even lower Maybe back down into our lower range down here. What do you guys think? Okay, we have the potential for it. It doesn't have to happen, but we have good potential here No, not heat map bingo, uh, it's because of the um, uh, the the longs up here Okay, we have we we found our trap This will be fuel. Whoops. Sorry This is potential fuel here for the move down into here Okay, so we're identifying These players in here and then looking for that potential move Now we don't we don't know right, but we're gonna we're gonna read it here You can see that there's quite a bit of liquidity right here already Uh, but uh, you know, we're this is a battle right here and we don't know the the uh, victor yet of this battle Okay, high liquidity there at 350, right? Now sellers coming in. All right. So not enough buyers Sellers coming in. All right. So looks like the victor here Is the sellers and we'd look for this move to unwind It's testing the low again And another retest here and looking for our sellers again And for them to hit into 310 Okay, now we don't know right We don't know This is where we have to use risk management Okay, we look for it. We we read this behavior in here. This behavior can change at any time though And and and things are completely upended at that time Hey, but at least at this point This is what we knew and we logically went through it and we kind of understood where there might be Buyers here that will be sellers down here and We just you know, that's that's the strategy And just looking for uh now this move to unwind And if it doesn't you get take your stop loss And move to the next trade Okay, wait for the next setup after that Again, it is not one individual Uh trade that you're looking for here. You're looking for Hundreds thousands Hey, like the uh with j-trader the um, uh webinar that we had pro trader webinar we had on wednesday uh and His strategies he's he's seen it Thousands of times and he's documented. He has numbers around them All right, so he knows and he just plays his game He doesn't care about what the market is is doing. He's just looking for his setup Uh, and then if his setup unfolds or starts to uh present he takes the trade That's it And then he just manages it if you get stopped out. He cuts his trade immediately. He always talks about that Uh, and then you look for the next trade Okay, so now I'm still I mean so our move is starting to work out, right? Um, and uh, I'm really I'm just I just can't believe it here that we have not seen any big liquidations yet Uh, so still looking and you know waiting and watching for that It might be all of these buyers up in here that have to turn into sellers down here We're kind of front running the indicator in fact Nice slow down slow down really even making some some really nice work Uh, yeah guys slow down was in uh, uh the um Book is is in the bookmap academy now Right, so uh, it is this kind of work that brought him there. He was in the junior academy last month He is now in the bookmap academy And uh, he is gonna he's getting bookmap for free. Uh, and he's get the mbo bundle for free. You will today Slow down. I'll enable it for you Um, but look at this. It's just beautiful stuff. Just it's picture perfect You know price makes a new high of day in here Okay, heavy liquidity on the bid liquidity absorbed in here stays in the order book Okay buyers start to come back up above. They're pulling liquidity in here. There's a flip of the order book in here Hey that they pulled in here and then added uh on the from the offer to the bid Uh, and then looking for the next level of liquidity to uh, transact This is just it's just beautiful stuff. Uh now It is this kind of documentation now. This is this is top notch Okay jack uh stan others. Um, you guys are making just top notch quality quality content Uh, and this is what we're looking for uh, now, I mean The question is Did this help your trading? You know doing this now, you're not doing it for me. You're doing it for you They need to communicate it to others and you need to very clearly be able to communicate it Uh to others that uh, this is objective All right, but doing this kind of activity in here You're gonna become a much better trader You're gonna know exactly what you're looking for Okay, you're gonna start to read this hard right edge in here. See it. See how he's reading it right here And he's thinking wow, okay based off of this i'm looking for it to trade here Right because he's gone through all of this in here Sorry slow down. I don't want to embarrass you, but I mean it really is it's top notch. It's just excellent stuff It's very very clear Uh, and very helpful for not only yourself, but for others This is a win-win guys, uh, it's all a part of that academy if you're interested in that So apply to the academy here uh, and um We're also gonna have some competitions this year Uh, so uh through the academies as well All right, so this is another thing you you'll be able to really learn Uh about your trading strategies and and style Through others and through the competition All right All right, so we were looking for that drop down in here It's kind of gone back and forth, but take a look at it here It dropped below this range that we talked about it retested this range here And now we're getting ourselves. We should get the move here And now we don't we never know and I shouldn't say that Uh, but we're looking for sellers in here to push into 300. Okay, originally we wanted 310 Uh And that did not transact either. Okay, so yeah, they're really not here in 310 a little bit Okay, looking for the these sellers to push into 310 and 300 here Uh, let's see Uh, garrick. Yeah, okay, so uh below 3,800 on the es March low The rates were 5% We'll jump back and look at the es here We just seen some good stuff here in bitcoin as well And there were some questions that some other users had so I wanted to cover it Guys here here. It's just looking like it really wants to dump into 300 here now it We're just trying to get a feel for it here uh And and bitcoin's a little bit tougher You know, I mean the the es or for sure the nasdaq would have already traded down there Uh, bitcoin kind of captures some some traders and then kind of squeezes and then does it again, etc But uh, yeah, we're still looking for this this move into 300 basically Okay, I don't see many sellers in here yet uh, but um That would be what we're looking for in here And let's make the dot see how the dot size here. We can see that Yeah, there's some selling there's some buying in here Want to see the sellers come in and dominate though and push it into the 300 more questions here. Let's see The liquidation of buyers show up as aggressive sell orders there, um Yeah, they would show up as aggressive sell orders, but we know that they are liquidations Yeah, when the exchange just they just liquidate your account Right, so you guys see whatever we're talking about in here. We wanted to really see those sellers in here Listen, it was a better. This is a better view um, and instead we're starting to see a bit of buying a bit of buying in here, uh, and then Right in here This is really where we need to see those sellers. We've got a few here Uh, but now watch see how they're going to get squeezed in here Okay, this is why buying at the bottom edge in here, uh for a breakdown in some of these coins is is uh, Is challenging very challenging They almost always squeeze, uh again almost always see the move back up A squeeze to in a break above the range up here and then a failure and then the moved at 300 Okay, but knowing that information Uh, you can profit from it Okay, so um, uh, yeah look for those buyers to start that squeeze process in here And then maybe take some off at the top of the range These are potential, uh strategies to look into for this instrument Okay, or for all instruments, but it happens more frequently Uh here in bitcoin Right just some of the selling this looked really good to me. It really did. I thought we'd have the dump right here Right in here this seen them starting to wind up right here the sellers and a little bit more in here This looks just great And then we got buying countered it and we got a little bit more selling in here And then buyers came in and moved it uh back up here now. This is what we're just talking about um The move back up to the top of the range I'm even looking for maybe a spike above it failure and then 300 They didn't make it quite up to the top of the range here Uh, and then let's see if we get our sellers now to move it back down in tooth Well, you sell limit orders. Yeah, um bingo. You see them right here. They're down here at 300 absolutely That's what book map is showing you here In the liquidity But yeah, I mean a liquidation that the you know, it's going to be automatic from the exchange. They're just going to liquidate your position Close your position liquidate your account no, um So it you're looking at a like a um a stop sell. Yeah, you're not going to see that Uh in um in the book Right Yeah, once it once it is uh Uh touched it will transact Okay Yeah, again These may sound like uh some some uh details in here, but it's not it's just this is what makes up the market Okay, these types of orders and this kind of behavior in here is what we're looking at Look at this gaming in here. This is interesting stuff Uh, bitcoin does some funny things in here. You you can see them chasing down underneath with high liquidity underneath here The algo Uh an algo coming in here And now an algo on the other side pushing it back up into Uh this one here, uh, but uh, they've just they just flipped Uh, and you're you're going to see some kind of behavior some nasty behavior here more frequently in in um uh bitcoin Okay, all of a sudden high liquidity on the offer here Fires are interested I do not see the transactions take place though. I see some here, but I don't see any here I'm likely pulled I imagine Yeah, and that's it. We're just there, you know, we we see players gaming this top edge in here All right, let's see. Um guys if you like this video, please hit the like button I've covered a lot of different things in here And uh, that really helps us. So, uh, yeah, just uh Um hit the like button and uh, we'll continue to go over more Like this or uh, or please put your suggestions in In the chat. What what more would you like to uh to take a look at? You know, what more would you would you like to see? Interesting can't get down to 300 look at now now we're starting to see those buyers come in now we we This this whole kind of edge here has been gamed like we were just noticing in here Uh, and then now now we're starting to see some pretty heavy buying now. I'm just I'm staying away from this one in here. Uh, I'm This was our original scenario. We're looking for it here was a move above it Move back down below it and then 300 which still might unfold Hey, but uh, it's it's a little harder to read now and and there's a reason for this right now Why this is a little harder to read? Uh at the moment Uh, and the the reason being is that uh, we're very close here to the european close Okay, so we're gonna get some volatility that is kind of shaking the markets up here Right, so it's a harder read Uh, it's like at 4 p.m. Here in the east coast in the stock market very hard to read A lot of times not always but a lot of times Uh, lots of players doing Many different actions a lot of different behavior here due to the close of the market Okay, so this is kind of a muted one, but it is the european close Right, so during times like that you might not want to trade Or you know unless you see something really clear that's hitting you over the head and uh, you know You're pretty sure about your direction and and what you're looking at but You know understanding your time of day, uh, and um When you're looking for more Probable moves to unfold then not All right. Well, thanks everybody. Thanks. Uh hit the like button, please We'll wrap it up. We'll call it a day and uh Good stuff in here great, uh holiday. Uh, uh, we had uh Earlier here in the week For monday and tuesday. It's nice to take some time off. We're back in the markets, though Uh next week. I will be away So, um We'll have the rest of our Uh streamers. Let me show you again go back to the learning center here Uh through the more button learning center And then click on join free live events Down here, and then we can just click the uh week ahead here And I need to take my, um Events off in here monday tuesday and friday. I will be away, but the rest will be in here Okay, so we have all sorts of events in here as you guys can see every day In fact, uh, let's take a look at our Uh line up here Tom Be he he'll be in a few more minutes. Uh looking at es futures Uh, then right after that we have, uh Frank Moreno, uh with spanglish trades. He'll be next after that at 1 p.m And then At 130 we'll have dug and options with dug He's going to go through his strategies for stocks and um and futures Looking at options. It is excellent stuff guys All of these are excellent. So, uh, we have um and right after that we have the algal boys They will be in discord only, uh, but uh from 230 to 4 p.m. We have the algal boys So anyway hit the like button, uh, please That tells us that you like this. I will take one last look at the es in here Uh, and let me uh go back to the volume displays All right And yeah, it is Well, we didn't miss much in the es I'll tell you that Uh, it's just um really range bound after that non-farm in here Hey, so yeah, this is uh, actually good that we covered something else to be honest Again same same ideas same concepts though guys like uh high liquidity up up in here But we're still seeing buying activity, right? I mean, we had this kind of move here in a bit of a stop run, but we're back up here and we're still seeing buyers here So can they break out now you can start to look at your cup and handle patterns in here This is what makes up your cup and handle patterns. It is the behavior and the liquidity and the, um Transactions in the price action Um, there's got to be a lot of buying that wants to trade into and through this 450 liquidity here And I don't see it right now. They seem pretty firm that they want to be sellers in here Hey, so at the moment now, we don't know maybe this all changes. Maybe they pull that liquidity Uh, and uh, then this pattern will unfold Hey, but it's we'll see here getting our buyers in here Uh, but let's suppose they stay in the order book in here trade. They can't get through it Sellers come in and this cup and handle pattern will fail. Uh, we'll see a likelihood the move down to 44 and then 40 down in here All right guys, thanks for coming everybody. Have a great weekend and we will catch up with you Uh, not next week, uh, but the week after all right hit the like button, please And we'll see you next time Thanks a lot