 Good morning traders and welcome to the crypto webinar series. This is Bruce at book map and Let's see here. It looks like Tyler and Won't be able to Present today So what he is he's having the internet connection issues. It's too bad. He put a presentation together and everything Um What we can do I mean I can still go over some things with you guys if you like if you can just let me know in the chat And we can take a look at some things together in the current market. We have some interesting CPI data this morning And crypto markets have sold off pretty pretty heavily here So if if you want let me know else we're gonna reschedule this event And then have Tyler back maybe next week And and do it then so Okay, Jose so yeah, you want to take a look at some things. All right, let's let's let's let's do that And see how how things go Good morning, Drew. Yeah, so I don't know if you heard so what Tyler was not able to Connect to the internet was having some issues. So what we will I'll just go over some things now For you guys if you like in the live market and take a look at some of these crypto Instruments and Tyler will come back the following week or you know something like that so anyway looking forward to it he put together a presentation and everything so We'll Figure it out. There is wanted to go over with you guys. There is the special promotions here So 30% off with the code here crypto series 30% off When you subscribe to it if you're a new subscriber So any new monthly subscription? It's good for the first month only 30% off So this gives you a nice opportunity to try book map at a discount. Okay, so I just put that code into the You know coupon code area when you subscribe also Win a free month of global plus So what? You guys got the the odds in your favor this morning. So Join our Discord server Bookmap discord in this special hashtag special events room type in CWS It's only during this webinar. So from right now onwards until the webinar stops and You're gonna dramatically increase your odds here because a lot of people have already bailed on the presentation So I highly recommend you do that if you're interested in a Trying to try to win the freeze free global plus subscription here all right, so Let's go through some risk disclosures and then I'll jump into the market and go through some things general disclosure all bookmap 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 involves substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results All right, so let's see if I should go through my slides or not Yeah, I think I'll just uh, you know I presented on Tuesday you guys can watch that And I went through the liquidation Indicator in the sweeps indicator. I did not go through multi-book very much So maybe we can focus on some of that and some strategies and setups within the market structure here We're gonna do live analysis like we do for all of our daily advanced webinars that we have during the week If you're not familiar with that Well, you know come to our YouTube channel and and you'll see them streaming every day. Okay, so anyway I'm the lead the the bookmap trading education here and specialist For for bookmap with order flow Trading for like 15 years and a variety of markets and then have expertise in order flow and market microstructure And I just went over these special offers. Okay, so let's jump in and see what's going on Here's you can see the CPI data this is I was on with a trader actually Demoing bookmap earlier today before the CPI data And this is just fascinating to me to see this new liquidation Indicator here on the chart Look at the liquidation to the upside here. All right many liquidations as price continued to go higher here squeezing people out and You know getting them liquidated before and they had the position right, you know, they were about to just kill it here And they're getting liquidated before the event actually takes place Obviously, this is not very smart trade management if you're going to be Positioning yourself before an economic event And I don't know if they were even thinking that or not. We just know that they were liquidated by the exchange however Look at the liquidations on the downside here as well. Okay, so These little squares in here show you precisely where the liquidations. Well, they refer to an area where they precisely took place Okay, so like in this area here where you can see the square here is the event, but it took place here, right? So anyway, the the red Squares here or you know, the red indicator is showing sell the position was long, but they had to sell Or this exchange had to sell to liquidate their position Okay, so that's what it's showing which is pretty pretty incredible to be able to see that kind of transparency of like it's not a stop run We know actually these are traders that are getting a margin call And you can see it just gets bashed around Almost always takes place at extremes You can see that the extreme down here. You can see the extremes up here and you can see these liquidations in these areas All right, let me know if you have any questions. Look at a big one here As you know, a lot of people were getting positioned here to the to the long side thinking, oh, I'll buy the dip And just getting crushed down here. So Yeah, it's a It's kind of kind of makes me sad this indicator, but Nonetheless, this is how the market actually works. Who who are the most compelled traders to trade? Well, those that are getting a margin call there. They're not even trading It's the the exchange is trading for them So they're liquidating their position And they're forced out of the market. Okay, so you see it all day long as you can see at the extremes in these areas here Alright so let's Take a look further in here And see what's going on. Alright, so we just traded into this 29 200 down here and you can see the Massive transactions down here along with some liquidations down here as well And then we're kind of bouncing here at the moment. Now Clearly we're in downtrend Even with all this volume here on the buy side coming back You can see that what we're looking at here is market structure And we can see that in the market structure here I Cracks me up. Okay. Yeah, a lot of you guys heard me in here with the this is an opportunity to try to get the Free global plus for the month and yeah, the odds are a little less in your favor now I still need to Determine the winner from yesterday guys, but you know, I'm going off the time stamps there So you can see it's only during the webinar. I'm going to grab the when you Typed in CWS. So make sure you're doing it now During the webinar, and then I'll enter you into it and then I'm just using this online software for a random randomizer to find the winner All right So have there been any questions on this indicator and what it's showing? And I've been looking on the chart here. There's also in the sub chart here What it's showing same same idea. It's just showing spikes here and right now you can see the the axis here as well as the Numerical values here are showing it in coins. So in the The currency here is the base currency. Okay, we can put it in the quote currency Which would be a US dollars or tether Dollars right now. It's in in the base currency, which is Bitcoin. So it's showing 0.08 coins here So if we jump over to quote currency now, you're going to see 23,000. Okay, which is basically point eight Bitcoin And that you will also see it now here in the axis on in the sub chart So you can see here's a hundred thousand here. So pretty pretty big liquidation on the way down here And then it's kind of it snaps back to zero in here. So the The spike is what we're capturing And you can see it on the chart or you can you can take it off of the chart of as well If you don't want to see it on the chart, here's how you do it Is just come in here and then the icon position. Okay. Well, just take it off take off show icon and show icon value here and Now you don't see it on the chart, but you'll see it in the sub chart. Okay, and that maybe you prefer that view So for example in the S&P e-mini, you know, we have on chart and sub chart stops and icebergs and Maybe this is a little too cluttered here on chart, right? So we actually have it as two separate indicators here with The stops and icebergs. Okay, we've kind of consolidated it into one here For the on chart and sub chart with liquidations, right? So anyway the The spikes down here, well, look at look at some of the divergences as well guys, this is like Data-dash had talked about this Nick over at Data-dash and others as well, I think Tyler was going to cover it today talking about the Divergences in here and this is just it makes complete sense to me as well like understanding how these markets actually work Okay, why why is like? Obviously, we have data and we have trade all sorts of you know traders in here in this auction Okay buyers and sellers all over the place But and we're moving to the downside But in general you can see how the market is basically finding points of weakness weak hands And in this case they're being liquidated Okay, their position was long and they're getting squeezed here And we see the move to the downside Look here see the big move here obviously below this swing right over here okay after the CPI data And look at all that volume here and a lot of our liquidations Well, I shouldn't say a lot of it are But there were a lot of liquidations in here That's important now the market retraced all the way back to where it dropped from here And then it came back down and made a lower low Look at the liquidations down here now though see I mean look at the divergence okay, this is a I can't draw there Anyway, you can you can see that this is making lower lows here, but this is making Higher lows over here Right. What does that mean? Okay use that fancy term? diversions well The story here and what's happening in this market is the most important part and What's happening here is we went lower and we found liquidations But we didn't find as many Okay, so the market did explore down here But if there were more maybe it would have traded into 200 at that point it didn't Okay, so it didn't find enough basically enough sellers to trade back down here to 200 so because of this or in Part due to this We start to rotate back up and look for liquidations on the buy side or you know Where are the weak hands on the buy side here and it's hitting them over here And you can even see the spike in the liquidations here And this is fascinating to go back and forth and the market is just knocking people out of their positions Where are stops? Where do people usually place their stops? What do you guys think? Looking for an answer here. We're just throw out something. Where do you where do you think people are usually? Where are you guys placing your stops? Is it what is it based on our you know the? ATR on trend lines, okay trend lines Burt All right, so we can put a trend line in here and we can take a look at that and here you go Here people are getting stopped out and and EMAs, okay? typically So here's your example and and here's the theory that if this is the trend And the trend line and people are placing their stops kind of like you know They're maybe you're moving it down. Maybe it was up here and like it continues to go down So maybe you move it down Maybe you have an algo that that bases bases it off of you know a dynamic You know trend line here or dynamic market Most people a lot of people at least put their stops above swings. So here or here Okay, and it's stopping people the weak hands that were placing their stops here And they're getting knocked out Right after not seeing more liquidations down here So there's a divergence in here Right and this is giving us pretty good information and what do we do so we came back up here? Okay, and we hit we hit some some traders out of the market And then the market well, you know doesn't find enough buyers doesn't find many doesn't find too many liquidations up here It's not I mean, it's not bad But you know compared to these down moves. These are huge So Markets starts to rotate back down again Hits a little bit of liquidations in here's likely some of these buy these buyers in here look at looking for oh I'm gonna get the bounce, you know, it went below 29 500 now. It's above it. I'm in going back to you know 30k here Well, you know, they're they're getting squeezed in here the really weak hands are getting squeezed in here with the liquidations In this little area here Now at this point we've come up here we've hit knocked out the These sellers that are in here And liquidated some of them out We now we're able to come back down and make a lower low and hit more liquidations Why didn't it hit more down here before well because we have new people involved in the market here And now they're feeling the pain and they're getting stopped out or I'm sorry liquidated down here Into this area of high liquidity that's been in the book here resting for quite a while down here at 29 200 All right, so now you can kind of piece that story together here and now look what we're doing now Right. We're starting to make higher highs as well Okay, well at least it went up it went back up here and and we should see as some spite a spike And we do of liquidations here Okay, so now and we made a higher low in here All right. Well, do we see many liquidations here? No Not not really so I'm I'm really kind of curious Can we get a little bit higher here and maybe these sellers in here and liquidate more of them? We we got to get above this like 29 460 here So just do due to this information here of what we're looking at this data I'm looking for buyers to come in here and lift up into 29 500 and 550 Okay, just based on what we're talking about here, and this is how this indicator Can can help you make better trading decisions? Okay, we'd be looking for this and we're looking for liquidations now The market is searching for it's probing for These traders to be liquidated in here Okay, so can it can we just kind of float back up here and start to hit some? liquidations And you can see it starting to a little bit right there. You can see a little bit a little bit of a nudge All right, so now it made a higher high here and only found a few Well, maybe that's all it does. Maybe that's all the probe does here As as a market probes. I'm still looking for more I'm still looking to see if we get a few more buyers up here and then try to get to this 550 area because nice nice liquidity up there Starting there's they're coming in here around this 500 area as well as you can see but We still need we still need to see if these guys stay in the book or not They seem to be kind of Flaky in here. They're adding. They're pulling. They're adding. They're pulling But this guy up here at 550 at least for the moment is staying in the order book Yeah drew psych psychological numbers hole in half that that as well You know a lot of people and especially a lot of larger players are just playing off of the the round the round numbers Okay, that's where you see a lot of the liquidity at those areas. I know no question about it You know, especially in stocks when you when you look at stocks I have Tesla we can take a look at that just to to to Make this point clear Look at the liquidity in Tesla here. It's even better at the open Whoops Hold on All right Yeah, here we go here at 702 700 Yeah, here 699 698 695 690, you know these larger players come in and just park their orders in these areas here and there here They are up at 710. All right. Did we get to 710? Yep Got to it and they actually they traded in here a little bit And then they they pulled a lot and then they came in with a little bit more here So interesting stuff there So let's jump back to Binance futures here and and take a look. All right So still looking for this kind of squeeze here and looking for a spike maybe in liquidations We're starting to trend higher on in a very small time frame here I just want to see the squeeze happen and back up to here back up to these transactions up here And there is liquidity there at 550 and I'm looking for the market to probe up into that area here And we've got a lot of sellers in here And we had some liquidations in here as well And now I want to see if we can you know, maybe liquidate some some buyers here On the other side. Now, let's let's read this though. Okay. What what is it telling us right now? All right. Well You know, we came back up here again And we didn't find many and it didn't find many on the first round either Okay, so maybe this probe is finished. Now, how are we going to know that well, we we'd be looking for sellers here right here at this 430 area and maybe 420 and then we'd be looking for them to break it down to You know further below 400 probably down to about 300 here Okay, so we're looking for that scenario here because the market did probe up here And it really didn't find much Okay, so maybe it can We can find traders trade it back down to the middle And back into a value area here if your volume profile trader or auction market theory And looking for a sellers to come back into this area and maybe back down to 300 or maybe maybe even back down to 200 here Down into this area All right, so that's the theory here because we we probed up here and it just didn't find much all right, so Looks like they're gonna they're gonna go for it now though. This this happens frequently Now did it did it did it find some? Yeah found some And let's let's look for a little bit more here Okay, so Marcus trading up here starting to find some. I'll talk about this in a minute here It it basically did not make a it did not break below this 430 area here. Okay, here we go All right, so we're back to the scenario our primary scenario here. So looking for 550 To to transact okay, we're getting our buyers in here. We're starting to hit some liquidations here And let's see if they can continue here We'd love to see the bid light up here a little bit We see we see some bids under here, which is good. That's that's that's helpful To understand that wow, there's more demand at this higher level here, and we're finding our buyers And that's what we look for All right, we know that if the relationship here To more buyers at a higher level on the bid Is is followed by aggressive buyers here. We're looking for the continuation Okay, up into target high liquidity here at 550 all right, so Yeah, that's This is how we read the order book Understand this kind of dynamic or this context in here In fact, you know a lot of traders they they really look at and just traded volume and I think it's it's really that's good and and having really, you know good good volume metrics is Extremely important however You know there's an order book here as well that's in a very very important part Of the market okay without the orders. You don't the volume really is meaningless There has to be someone else on the other side of the trade Okay, so anyway What we're looking at In these areas here is high liquidity, so we have 275 coins here at this 550 level and we're and we're already Transacting into it here. No, I'm sorry. We haven't yet. We haven't not one Transaction has taken place here yet, but it looks like it We're just about to here Okay, mandolin you actually you you're putting you're putting it to Dario Yeah, above above and below swings. Yeah, that's that was the answer I was looking for on the stops, but you're putting it above and below liquidity, which is great I think that's one of the the the beauties of book map as well You know to kind of hide your stops Or protect your stops behind high liquidity Okay, at least you get a little more of a chance And you know place your orders in front So if you wanted to be short up here, you'd be maybe front running this high liquidity Okay, just in front of it here So that because if you place it at it You're not you wouldn't have gotten filled if you place it one tick in front of it here You you would have likely have gotten filled in here likely Okay, and at this tick for sure at 530 you would have been filled because it went through it All right, here we go another rotation looking for this to trade and transact maybe we get to 600 as well Love to see that. There's there's some buying pressure in here So it's it's building Let's see if we can get up here Look at that see the bid see them underneath here on the bid Okay, what's the context now? Do we get buyers? Yep We do so looking looking for them to trade into it and let's see if they can even like get a quick move Maybe up into 600 and then also see some more liquidations hit look at look at the liquidation spike down here guys So we just hit a bunch right into 550 Okay, and we're still continuing here. So looking for 600 now And now this is not this is not a trading room. It's not trade recommendation. This is order flow reading room And we're putting order flow together with Market structure or many different ways to trade And in market structure understanding market structure is just essential No matter what you trade Okay, if you're a volume profile trader, you're using the profile as the structure And that's in your basing a lot of your strategies off of that structure So there's our move into 600 and it's still climbing. We're gonna see massive liquidations We are you can see the spike here And a nice one above the swing. So again, and we're looking for that We're a little bit like in this one area here. We're like, well, you know We're looking for maybe them to kind of rotate back down because they tried here a few times and didn't hit much, right? Right, especially right right here And then we're looking for our sellers in here where there were a few little sellers in here. Okay, right in here and yeah, you know looking for 400 and We didn't though we didn't get down lower. They weren't able to take this lower This is where the sellers need to take control of it. They exhausted buyers out here no buying up here Looking for sellers here and they need to take it if they don't take it look look where the buyers do come in Okay, and then this is pretty healthy buying and they're moving the market higher. Okay, so at this point here Yeah, and they're now they're transacting up at this swing and there's more buyers There's more buyers yet again. We're looking for not only our 500 We're looking for our 550 and if they can trade into that. We're looking for even higher 600 Okay, and we got it Okay, now look at it sell off Okay, look at the liquidity our liquidation spike here And look now how we're below it here Okay, it went up here. It hit all these people and knocked them out now. We're gonna knock them out anyone that bought In these areas in here. Well, where their stops gonna be or where is where are they gonna be liquidated? What do you guys think? I imagine we'll see some here But I imagine we're gonna see a lot more probably down here. And so let's see if we can get down there And Sellers to hit into that area down here Okay, now, this is also if you're a mean reversion trader, then this is it do that would be a great setup for you In fact, this would be your pullback here to where the sellers took control Right in this area here. So if that's the way you like to trade then this would be your setup This is a low volume pullback to Where the sellers came in and you'd be looking to enter in in somewhere around here All right, so and and you want this to work now This this should not go higher If if that's you know what you're looking at and that's the way that you trade If you're looking for that mean reversion if you're a trend trader You're kind of holding on and waiting for more buyers in here to lift it back up into 640 okay, so I Kind of like this I this concept or this idea here this trade idea for the mean reversion now because we've knocked out the liquidations here And we've had a nice move to the upside I'm looking I'm looking for sellers to try to come back in and move it back down to to where So mean reversion traders. What what does that mean like? What's the significance a definition of that? Back to an area of an average So what yeah, you're looking for a move back down to about 400 here, which is the point of control Hey here in the most traded level. Look at the profile here beautiful single distribution here And that profile So you can see it probe these edges in here knock some people out not enough Buyers to take it higher So why we're looking then for sellers to come in right around here around 540 and Then to move it back down into well not only these guys here at 480, but I think they can get down to 400 And and there's just a big volume cluster down here This is value just an in an auction market theory all this does all this means here Is that this is an area where a lot of traders agreed on the price? Yeah, drew. I mean you're looking at a VWAP and a moving average. Yeah, you can you can start to Put together your studies and your strategies based off of that Okay, we are getting our sellers here Okay, now we want to see them break this little range here though This is where they didn't they didn't before see it see they are now though. So yeah, we're looking for them You know back down to this this liquidity here. I imagine these guys are gonna get out of the way Here at 480 and I imagine we'll probably get down to about this 400 for a test for a test Back into the range here Okay, this has been a beautiful probe and move to the upside and tons of liquid liquidations here and Now we're looking for sellers to try to drive it back into the middle here and anyone that bought For the breakout here that is gonna get hurt down here and liquidated down in here So these are just a lot of ideas in here We're talking about and using this liquidation indicator here and we can show it on the chart as well How many was this one here? This was a big one. So $314,000 here liquidated by Binance Futures 15 events So some people really getting hurt there And you can kind of come in here and look at the whole story It's a rather fascinating. You know, these are very small liquidation events in here This one's a huge one 252 K Yikes Okay, compared to $59 or 4,000, you know, don't you know for that guy that that was a lot $4,200 4,300 This one's huge though. That's a pretty big position that 250 to K And then we've got another few in here as well and Yep, all together pretty pretty big liquidation event is the giga leveraged It's the giga leveraged apes Doning to our Binance overlords nice nicely written there Shajad so the Yeah, your VWAP you can reset your VWAP to whatever you want, but you have to have the data in there first Right, so if you want to set it for like you said 8 30 a.m. Well, let me let me zoom out here So I could do it because you know, I've got data here from 4 30 a.m. Or so, right? But if I won't let's say I wanted to reset my VWAP for like, you know yesterday at you know 5 4 p.m. Or something I can't I only can I only have the VWAP in the calculation for the data that I have Since I opened my book map here. All right guys Well, you can see our our trade idea here was short lived and The idea was good and and still might play out, but I would have been stopped out on this one And or even moved to break even and stopped out at break even and here's the reason on this trade idea in here is You know, I'm looking for this to work now if if it doesn't work now, it's not my setup Okay, I gave it a shot. I had my idea. I had the liquidations here massive liquidations All right, we came back up here again And then you know, this is where the sellers came in I'm looking for a move back to the the mean in this case here And well, we didn't get it Now we might get it now. Look. We just made a higher high here and And look at the liquidations in here very very few. Let's turn. I do have it on Yeah, 7,000 that's nothing All right compared to some of these others here. All right, so here come our sellers here and So this this idea although like this original idea. It should have worked now. Okay, I would give it another shot and I would probably already be in it below if if he could trade through and you get more sellers kind of below this area in here Then I'd be looking for continuation here And that's it Okay, now this should work Now I'm not looking for buyers to come in. I'm not looking for a higher high in here I want this to work right away because of we came back up here and we we have very few liquidations There's our divergence Okay in the liquidations Okay, lots here very few but a higher high All right, so now can we get some of these buyers in here to be liquidated down here and become sellers and That that would be the idea Let's see here other questions Yeah, your higher time frame chart Is likely, you know making that calculation. You'll probably have that data within the chart range and it will be making that that You'll have to check out your V-web settings and see when it is making that that calculation Shajad, okay Okay, so we're kind of going along here with this random walk in liquidations here with this trade idea Right now, it's not a trade recommendation here Okay, but this this is the concept right. I gave it a shot here. I had my reasons Didn't work out and then I'm giving a shot again in here And I have my reasons and now I have divergence. It's a different setup If it doesn't work, it doesn't work I Control my risk But I'm looking for this to work now so I can have a pretty tight stop And this is something that you know if you study and you look into it and you have numbers based off of this Now you have an edge and that's how you build an edge. All right, so Yeah, poor Tyler Tyler's just getting back to me He's trying to run over to like Micro Center to get a new router and everything like a poor guy Anyway, we'll have him back, you know Either next week or or soon All right, he put it put together a nice presentation and everything All right, let's see if we can get some some traction here with this idea Okay, looking for our sellers now in this little see this little trading range in here See how we exhausted out up here and see how we're getting sellers here. I'm looking for these sellers now to drop it I want to see them come in and drop it down to the bottom of this range or this liquidity here that we're looking at previously at 480 Look at here. See we just have this red line up here. We don't see any green dots up here at least not right now right and Now we're getting them Okay, so Then then these buyers they've got to continue and try to get back up to the high here the swing at 640 Yeah, and guys I'd be out of this already. I would have been out at breakeven on this one. I Gave it a shot. This is not the behavior. I'm looking for Okay, so this would be a scratch for me well, and I'm not even sure. Yeah, I know with with With Tyler yeah, sometimes that's how it goes. I mean, yeah We we've all had days like that so Anyway, like I don't I'm just talking about like in general like how to maybe put together some ideas and some strategies in here I don't even know the bigger picture if I even like the idea So in fact bigger picture here looks like we could get a nice squeeze and a move up to eight eight fifty up here Maybe even higher, right in the bigger picture And here they go they're they're going for it and that's some pretty good buying And not many liquidations yet 29k is not bad 314k that's really good. All right, let's see here if we can get Well, I'm just kind of curious here. I don't really like this overall action in here Kind of kind of looking at it kind of reading it in here We are you know making higher highs in here, but it's not And there is more volume at the to the upside Kind of bigger picture here You know, we'd look we're looking for this to continue here basically However, this is kind of In the order flow lab just doesn't quite look right. We we got up here. It's tried three different times It's not breaking out more But it is trending So what we're keeping an eye on it and just kind of watching to see how it relates to The trend here and also this little swing right here in that area Yeah, so nothing really really Shaking here at the moment Until we see something else But we caught that move from the Oh, I don't know over the four hundreds up up to the 500 and then and then 550 and then 600 We're looking for 600 as well So Now now we're kind of looking to see if we can we had that we had a couple ideas in here And just didn't get followed through to the downside Okay, but managed it, you know, I would have managed it A Pretty tightly and well looking for it to work now and if it doesn't then that's not the setup Look for the next one. Yeah, it could be distribution structure up here Not not really sure yet. We need to see some sellers come in here as well and So far it's just been mostly buying how many you guys are a lot of you guys Are you using this new liquidation indicator? Have you have you tried it? If you haven't let me show you how you can get it. It's a part of global and global plus so Just go to here Just go to book map calm and then here Click on the more button and then go to knowledge base and Right now you're in the book map knowledge base. You're in the user guide section No, we want to be in the add-on section here. So click on that and Then all the add-ons here are on the left-hand side Click on liquidation indicator and then this will go through all the information you need to download and install it There's a video here. It's about six minutes long. I think you'll like that And then explains what's going on and then there's installation instructions here you need You download it here You need to have book map, of course global or global plus and then you need 7.3 build 26 or higher which you can download here And then just note that the indicator works only on Binance futures bitfinex FTX and buybit Now we're getting our sellers Okay, so it tried and now now we're getting and let's see. I'm still looking for them to trade it back down here now I'd probably give this another shot here I don't I don't like bought or selling at the bottom of the range here, but they're really picking it up in here so Again looking, you know kind of jumping in here and looking for the move back down to this 480 right here Okay, and like I said very tight stop. I'd be even be putting it at break even right now Because with this kind of selling in here, they need to move it now. I'm not looking for a retracement I'm looking for taking partial profit at 480 and then holding the rest for a runner Okay, and that would be a horrible entry right right in here Well, it was the same entry we had over here, but this is top of the range. This here is bottom of the range Okay, so The chart is telling me they got yeah, we you know we found our buyers We found our buyers we found our buyers and then no Now we're starting to find our sellers and they've they've got all these guys below or I'm sorry above our line right here This this is buying that's trapped now now. We're looking for the liquidations to be hit on the downside So we will likely see a nice spike in liquidations down here around this 480 We had some in here just now very small blip As you guys can see Yeah, I would just be honest I like this one here better than the others because of this you know pretty strong selling in here, so I Would likely still be in this to be honest I wouldn't I would have had my stop here at break even and then like see this and I'd be you know I'm gonna give it a little bit more here Maybe 580 so I'll take a small loss if this comes up to about 580 You know something like that So I'm managing it a little bit differently based on the volume that I see basically Bert are the buy orders in there to catch the sellers potentially But you know, we don't really know You can see that they whatever it is they want to scoop it up down here And they want to be buyers here in fact You know them showing their their interest in here and this is this kind of Relates right right to our our trade idea as well Is wow, what's the context in here? Well, we're starting to see sellers come in even though there's high liquidity in here So that's that's telling us something it looks like sellers want to trade with these guys down here They want to go for these guys Yeah, I mean if We don't know if these if these are buyers down here that are are trying to get you know the other side of the trade here And and likely guys I'd be stopped out now. I wouldn't I wouldn't allow this to go go against me So You know once I see the volume start to come in here again There's this would have been a small loss Okay, I'm not gonna allow see see how it can spike against you like this I'm just not I wouldn't allow it and look at the order book in here See how the order book it see how they're they're skewing the order book. In fact this guy down here Likely at 29500 pulled and added his liquidity higher here at 550 Okay, so and then the context was wow we found more buyers. He adds more in and we find more buyers It's repelling. It's not attracting. It's repelling Sellers right now Okay, and we didn't have that information beforehand Right, so there was a change in there. All right, so anyway So I'm back and forth in here and just kind of kind of choppy looking for a move a directional move and just finding chop At the moment Are you guys familiar with the multi book product like you know, we don't cover crypto too often so We have some great tools that you know, we've been kind of You know haven't haven't demoed for Quite a while here the multi book Product here, so we're looking at BTC USD here and then SP stands for spot And then MB is multi book and then at bookmap data. So we're actually we're the data provider here for this You love multi book drew. Yeah, me too. I think this is another amazing Add-on From bookmap so it's showing five different exchanges here within one currency All right, so it's up here in the top center of the chart what you're looking at It's BTC USD for bit stamp bit Phinex coinbase pro FTX and Kraken all five Okay, so all the liquidity all the transactions are all here within this one symbol Okay, so it's a synthetic symbol that we we put together Can I show NQ? No, this is a crypto event. I Prefer not to and and let's let's take a look at the look at the big distinction here look at how And I'm not sure what exchange or multiple exchanges in here But look at all of this liquidity in here and just algo city in here. They're adding they're pulling they're adding They're pulling just all over the place and that at ranges You know further away from current price, but then also Very close here. You can see it within these small little areas in here Okay, look at that all of that adding and pulling in here of liquidity just tons All right Yeah So clearly a lot of algo behavior in here Now when you see a lot of algo behavior like this You know look look for when you see a distinction though So see up here like this guy up here Seems to be kind of staying in the order book a little bit more or this guy certainly did here At this 29 400 no question about it In fact, he transacted and then this was actually the area for the breakout here above this 29 400 And then likely yeah likely to squeeze this might be the guy that is got stopped out up here For 250 K Yeah, so anyway, it's a It's a great product I'd be able to look at all the liquidity from all these different exchanges They'll give you much much a much more objective viewpoint to be able to look at this You know it's similar to ECNs and stocks you know Looking at the liquidity of a Really big ECN basically All right, let's jump back to our liquidations here. I'm just curious to see if we've knocked anybody out Not really we haven't seen much Action here at all, so it's really kind of this was the the nice run-up that we saw And then we're kind of took it took a couple pot shots out of here to the downside But it's just kind of turned into a sideways market as you guys can see Let's see any other questions. All right, so not many not many All right. Well, let me let me go over a couple more things First off in the sub chart for this liquidation indicator. Do you guys have any questions on this like? This is very similar if you trade futures. We have the same configurations here for Sliding or standard or some chart or some session and exponential. Okay, so The one we're looking at right now is sliding And I know that can sounds kind of confusing and the concepts is actually kind of confusing as well so I want to cover it and I'll cover all of them here, but I just want to go and I'll go through it quickly If we're looking to look at summation here all it's doing In the sub chart here is taking all of these liquidations here buys and sells and adding them together If it's a sell it's a negative number if it's a buys a positive number So clearly like we see this huge spike here and this is we see the big liquidation move to the upside We see the move down here and we see obviously the big liquidation move here to the downside Okay, so Yeah, that's The cumulative volume Delta the sum summation accumulation mode here the same one for session it just shows you for the entire session so that the Zero line might be a little different here if it's on the entire session and then These three all they all use cumulative volume Delta But let's cover standard here and what that's showing here. It's showing the spikes And it will be cumulative volume Delta here but only for one minute and Then at that one minute it will reset back to zero and Then it starts over again Okay, so this way you can see the big spikes in here and then it will just reset back to zero So you can kind of outline these areas are more important here. So, I mean clearly we saw the big huge you know 350k move here to the upside and That was that was a massive liquidation a lot of people were short All right, so This if we if I zoom in here, you'll you'll see clearly what's going on right so here We started hitting some liquidations Between 1051 and 1052 well Here it started and went up to the upside and then at 1052 it resets back to zero and that's it So really simple concept there now the neck that leads into the next one though and the concept is on Exponential okay, it is also based on the one minute and you can input a different time frame in here if you like but it is based on Exponential return back to zero okay a half life basically so here's our big spike and then Between 1051 and 1052 this move here has retraced Back half the distance So it's a fall-off period Okay, if there's no more other calculations in here it should be half that half the The the distance All right, and then the next move the next minute happens here, or I'm sorry over here And then it falls off another half of the distance All right, so that's that's how you get these nice smooth kind of retracement back to zero as it makes that calculation now the The final one here is sliding and sliding is The one if you if you're looking at spikes, then I would recommend this one the most because Your spikes will be likely similar to others If you use the reset mode back on the minute Someone else's computer clock might be different than yours. This has happened a lot So it they're not looking at the same output then And it makes a big difference All right, so here if we're looking at sliding it will likely be the same because as this data starts to Unfold Okay, it in this look at the setting it says sliding one minute. Okay, so this happened here at this minute mark Now one minute after that here And you can see when this took place A minute later it slides out of the calculation In fact, we can even look at some details in here See the sliding in here or the data coming in okay, and then a spike and then more data and Then nothing no no more data here, and then it starts to fall off here this here is This calculation sliding out of the wind of that one minute window Then we have this one here this spike It's this this spike here slides out of the window and then this one here that's trickling down to zero is This data sliding out of that one minute calculation All right, so you can still see the spikes, but you can be more accurate with with other people's Machines okay and looking at it All right So yeah, this has been You know heck heck of a boring session the move to the upside was kind of nice Looking for this kind of reversal pattern. It's still in play. Basically. I mean like This was really nice selling in here, but back up above our entry. No don't want it. I'm out and Yet again here it is and we see even more sellers in here So, you know based off of that that would this would be your pullback here Okay, it would low volume pullback. Here's a lot of selling and then not so much buying here Okay, and we'd be looking for you know this You'd be getting in again on your low volume pullback and then looking for that mean reversion Back down to 480 which we never got to we never got to 480 not even 480 which is crazy I'm still looking for it here. All right, so that that would be your entry and then you're looking for the follow through now It should work immediately If it doesn't take the scratch at least that's what I would do and that's not a trade recommendation Okay, we don't make trade recommendations We're just going over some ideas and concepts and reading the order flow and then how to apply some of those Setup concepts here. Okay, and how to manage them as well And we're talking about very small time frames in this kind in this case here as well Okay, bigger picture at if we zoom out here. I Don't know not really not really too clear except that we're definitely trending down Okay, not not don't know what I think about this in here right now At least maybe a retest back down to this, you know Maybe 400 or so, you know something like that And see if see if there's more buying then Okay All right, looks like this one's gonna play out. I think we got it. This would have been like I said somewhere around in here Let's call it 540 That would be your entry and then looking for the move back down to maybe 480 here Now look what we have on our side here, too See look look in this case here. See how we have sellers Repelling or some or demand here. I'm sorry supply here Pressing price lower Okay, so we just traded into 500 And still looking for lower than that though. Okay. Now these guys pulled that liquidity. I don't like that I want to see them stay in the order book Okay, hit some liquidations here not many but some Can I explain the liquidation point? Oh? Well, yeah the point here, I guess you're talking about where it where it's The point is over here. Yeah, I mean it relates to if we zoom in here It relates to the transactions up here. They're just offset. That's all okay. Does that answer your question? Myer sense Yeah, it relates to the transactions that took place here. All right guys So finally this this site this one's playing out here. We gave it a few shots And now again, like you can look at this here and this is this is up to you And and I would have taken partial profit here already. So, you know, this would have been the pullback Partial profit here stop to break even try to get a runner out of it. Okay? and and that's it The I was gonna say the we you know gave it a gave it a few shots in here and it's you know Looking for that behavior in some of these areas. It just took a little while For for at least to get to target one here And I'm still looking for it and look looking for that continuation here I like this idea down to about this 400 level here And so that's a good area. I don't see much liquidity there So, you know, maybe it just blazes on through and hits down to like, you know this 29 190 area Okay, so I'm starting to ramp up a little bit. Let's take a look at the order book here And also like, you know, like we said this one this one looked different, right? It had a different feel to it. We had supply over here and it was repelling price And we didn't have that before really in those ideas I think one was here, right? And we didn't really have much much in the order book here at all on our side And and the other one was in here and then we had this BS come in Right and this this disrupted our our our whole our whole plan In here a whole trade trade plan idea Okay, it was it was this this player in here and you know followed by some buyers taking it back up Now this is what I wanted to cover Now this let's suppose that your time frame is very different And you're trading on a higher time frame You know, maybe you'd be looking for getting in somewhere in these areas in here and maybe your stops up here And maybe your take profit. It's like way down here at 250 or or even lower You know, maybe you're looking for back back to maybe 29,000 here Okay, these are this is these are all for your consideration And what what what time frame are you trading? And in book map education here we go through these Smaller time frames so that you can learn from them and And it can unfold in real time here and that makes a big difference. So, you know, it Is for the demo So that you can you can see it unfold in real time and put put the pieces together. Oh Okay, I see what you're talking about Yeah, I don't know like What exactly like we must liquidate all the 30k longs. Well, we don't know like Everyone's account size and you know, what what their positions were etc. We just know when they're liquidated Yeah, this is a big range drew and I know crypto has just been kind of Stagnant here Well, anyway guys even this here you can see the volume the buy volume come in here. Let's just take a look at it You know, you can even put that together and look at the bars and also look at the size of these dots in here Sellers are still in control on this smaller time frame move And that control took place here. We noticed it actually and then we look for that pullback here Okay, so you'd still be in it, right? Even with this pullback In fact, let's see if we can get down below these the where these guys started buying in here around this 460 area Then we should get some nice liquidations to the downside as well Okay, because these guys are buying in here They're not these aren't liquidations in here So this is new buying in here. All right. Well, they can be liquidated if we get sellers down below here at 460 And then you know down around 420 we should start to see some liquidations kick off and Let's see it. Here we go Let's see if we can do it Let's see if we get enough sellers in here Don't I don't like seeing the book here is showing demand here. I want to see on the offer And I want to see it repel the buyers I want to see sellers come in Okay, we're getting a little bit here you can see so that's good So I I don't know these guys are kind of stacked in here one two three, you know But I want to see them pull their liquidity. I don't want to see them interest to buy here Let's see it. Let's see if we get our move here Looking for the continuation and look at the look at the volume in here too like I was telling you We have the move here to the downside and then this is a low volume pullback Even though the volume is not bad is still paltry compared to all of this other selling in here Right. So sellers are still in control and we're looking for Exploration down to some of these areas and to see more sellers and then 400 here is basically our our secondary target Now you don't have to have you know, keep it I probably would but I'm just looking for you know a simple move And then look for another another set up You know depending on your time frame what you're what you're trading. Maybe you'd be looking for like the like I said the continued trend bigger trend continuation here to the downside After that CPI data. So you'd be looking for maybe a lower low here 29,029 190 Yeah Myerson like yeah, I mean the market, you know sells off and it can only sell off so much, right? It's got to take a break and and also like when you see like you'll notice the volatility and you know when the on the sell side You get some really really Deep retracement's on and volatility Here just just take a look at the even the daily chart here on the s SPR. I'm sorry the S&P and look at the volatility in here in the back and forth, right? This is a daily chart over here Okay, now see these big moves to the downside today yesterday and today huge moves to the downside, right? Back down into these wicks down into here where there was buyers earlier So, you know, we may we get may get another day if we come back down in these wicks But watch out. I mean be careful because you know, there's There's gonna be some some pretty big pullbacks in this market in here Hey, just because that that's just the nature of it You'll see these big moves and then you get these really big pullbacks as well All right guys. So target hit and then that I'd be out and That that's that's the kind of trade idea. So Took a while took a few scratches in here a small loss And then finally finally grabbed it and then that should make up for that And we also had the nice nice move to the upside now again. It's not a trading room in here We're just going through and reading and we're putting together Reading some of these liquidation events into a trading plan and then here again, you know Look another 57 K down here in terms of liquidations Okay, now we're also going and we're even below the the point of control here Let's see if we get more sellers in here and go with a bigger trend Try to get back down into this 190 and you know 100 and in 29,000 area here all right, so up to you, but Yeah, that's that was the idea was just to get down to here at the point of control of Mean reversion trade and that is the mean right here in this case all right, so All right a couple more things and I'll Want to cover this The special offers here so We've got a couple different things and let me put it into the chat. I have not done that So hold on a second So there's 30% off. This is the lat well. No, it's good until the 13th. So you guys still have a chance here To you know get that 30% discount When you subscribe to book map now, it's only for newly monthly subscriptions It's only good for the first month So, you know if you're new and you want to discount you want to kind of an easier route into trying book map Take advantage of this 30% off And just put this into the coupon code area when you subscribe All right, so that's one the second one here Let me put this into the chat in YouTube. I'll put it into the discord for you guys as well but You guys are already in the proper room in discord So we're raffling off every webinar here. So this is the last one raffling off a winner One winner that will get global plus free for the first month And and then that's it. All right, so global plus and if you're interested Go to our special events room Hashtag special events and then type in CWS for a crypto webinar series And there's the link there and that link should be active in your YouTube. All right, so Yep, good stuff there. Give it a shot. Maybe you can win and Let's wrap it up guys. Sorry about the You know issue with with Tyler. He will be back though We'll have him back and we'll do another webinar with him. Have a good weekend everybody Thanks for coming. If you liked this video, please give us a like. I hit the like button there and You know add some nice comments if This is something that you'd like to see us to continue with All right, have a good weekend and we will catch up with you guys Next week. All right. Yep. Bye. Bye