 Good morning everybody, welcome back to another streams. I'm sorry about that Thumbnail is keeping back up on me so I'm very much eluding. Rarity on RT or whatever you call it. Okay enough about that. Let's get started with today. It starts from Friday. Friday we sort of said prices will turn downwards and we sort of wrote about that. We ended up getting that slam straight down on that sort of range and we just kept below the daily imbalance and the retest there on the sort of Asian session and it just led to that sort of steady and gradual sort of dying down over until London's sort of current sort of trading session where we exploded off off of and it's pretty easy sort of if you're awake during London session it was a pretty easy get. It came down so sold everything into sort of heavy sort of pressure-wise and from that it sort of ends up saying oh yeah cool I'm selling really heavily I mean I'm here I'm proud hey it's this is look at me pretty much and you just see that coming back to that second place giving you a nice little long-term sort of double bottom and then this remembers that was what we were looking for essentially as spring type action it's off of that sort of double bottom here and potential so long and again it is kind of a bummer that it had been during London session so I know most of you guys are not awake during then but this is why you should have either a mental illness like me or be an insomniac also like me so you're awake for these. Let's go over and discuss sort of ES. ES is pretty interesting and what I mean by that is it held during the session and we talked about the possibility of it being bullish and it was to some extent bullish but not entirely and that being through sort of this lens here you can see they just sort of consolidated on that Friday where as Bitcoin did 10 downwards and that sort of sort of was another sort of snap in sort of Bitcoin's favor to say oh you know what if it 10 that way Bitcoin needs to go into the same direction at some point because you can't always just go in both of ES because they usually want to run together if they haven't been running together for a very long time they usually want to snap back. Is there any free site like Heatmap? Yeah Bookmap has Bookmap web.Bookmap.com sign in, you can use Heatmap. It's a bit cluggy but it does the job if you're on a page so if you want free there you go that's the only place to get it from the only place I'd recommend it. Yeah I'll log in to account that so free there you go this is a free account it has it has nothing it just it's just exists so as you see you don't need to pay for it and then you get to watch it. You get multi book, you get Binance, Binance Futures, you just click on that it's live, do it live, there you go. Okay depending on your sister might run a bit slow but I think she's run slow as period but and you can't sort of change the contrast input that's not support liquidation and the asset-added liquidations which is pretty nice as you can see here if I go to ETHUSDT you get a liquidation indicator. It's just nice improving this web one which is which is commendable I think they just trying to grow them. Oh you're on the link? Sure, should be that, click on it. Shelly gave you a nice little double bottom came back to this area so it's a very sort of easy sort of trade and nice little sort of deviations you see here you pull up the punts here and just sort of explodes now sort of trying to define the sort of range and actually see if we will sort of escape it and so from there I mean if we grab here and here call this a square, here's our sort of range in terms of from the consolidation and the reason why I think I'm picking this over sort of this and then we can extend this out I mean this is where we really had the sort of change of character so we can ideally start from this as a low and this becomes high and then you're gonna stretch it up to here but reactively I think we can sort of just say this is where we'd want it but I mean you can you can sort of chalk it up to variance and then just call it up to here I mean either or it's not too bad I mean 1800, not too bad of a number to call it at the top of the range if you're looking out from swing to swing there we go and the reason why you want to sort of grab this sort of correct sort of swing and I think maybe even try grab here but I think this region's generally a bit better again it's just now comes to sort of variance and the reason why I'm picking that is because of skin new day it's just much easier to sort of say let's just grab that and it's reactive as you can see this is reactive here here and and so on hopefully so here the reason why you'd want to sort of have some sort of reaction is just show and understand sort of okay premiums here so this is where you'd ideally want to sell into buying into sort of this sort of downwards movement here has to improve training really strongly there so it's about so it's trading consistency comes from having a plan in sticking with it it's a lot about patience I think this is why I mean if you're sort of really struggling for patience the training sessions this sort of this all it does is highlights three sessions I think using those as trading guides let's say you're only awake for two of them you only can trade two of them and it teach you patience so let's say so the rule is with these issues if you're new and you don't have any patience you can't trade when it's setting up its range you only can trade stop hunts of ranges and sort of movements within the range well outside of this outside outside of when it's sort of setting up so you won't be able to trade this move unless you got it from London and so on but what it will teach you is patience and that's the main thing a lot of a lot of sort of training is being able to sort of sit on your hands and and it also will allow you to sort of say you know what just so you don't miss a set another move like this it'll make sure you sort of keep say if you entered into here you sort of keep your positions for longer and say ah hey you know what maybe if this continues to go down within the session I want to keep it because I don't want to re-enter there's a lot about for your counseling you get better that is also not a bad idea as well I mean the idea of losing money itself is is not something most people are keen on but blowing up account is is usually a fast way of learning love for five accounts and you should get there but it's not you shouldn't blow up accounts for the sake of blowing them up you should like under identify what went wrong and usually it's just due to lack of patience and not having sort of a clear defined strategy it doesn't matter what strategy you use realistically like some strategies are decent I mean most strategies rather are decent enough where you can get some level of success what really matters for profitability is understanding and defining risk and having proper risk management like if you look at sort of what went wrong was I'll made it and why everyone's laughing at them is because they didn't have a defined risk and they say I was a stop loose who was that that's the main thing you want to you want to look to is have a set strategy and it doesn't matter what people say about it like I trade one way you trade another that doesn't matter as long as at the end of the day you can define a proper risk and from that risk you have some level of success and you really need to have a you can have 45% and still be profitable that's the thing if you have proper good risk management and your wrist reward is really great because you can you're much tight I mean let's say you got this long here you saw this from a mile away you put your stop loss here there's a very sort of tight stop losses so you're not gonna get knocked out you're happy about it even if you get knocked out you're not too fast because you're not putting everything you're saying okay you know what if I get stopped I stopped out that's 1% loss here and whatever gain relative here is is is your risk towards and let's say that's that looks about what five to one they're about so you're gaining 5% that 1% loss it's easy like that hey rain hey hey it's Bruce here yeah hey Bruce hey how are you doing I'm doing good how are you I'm okay I'm okay good to hear your well so I wanted to show you you guys something that we came up with I don't know if rain has already showed it and it would only take a few minutes here of your time rain but I wanted to go through it so we released and maybe if you could share my screen I've shared yeah yeah there you go okay and so we released this for crypto it's it's a fantastic indicator already that we already released previously let me show you the liquidation indicator here however there's a lot more now that we've created so it's on the bookmap knowledge base here and if you go to bookmap.com and then slash knowledge base then go to the add-on section here and then the liquidation indicator here this is an amazing indicator there's a video we released this a while back there's some really key updates though and that's what I want to go over here with you guys so now for bookmap 7.3 and 7.4 it now works with the bookmap multi book product so this is bookmap data we're actually the data provider and that you can create that or add the liquidation indicator on your created synthetic instrument here so for example we're looking at this BTC USDT the perpetual for multi book and it is four three different exchanges so you're looking at data all combined from three different exchanges here Binance Futures Bybit and OKEX okay and you're looking at the liquidations here from those three exchanges here right so this is amazing I mean look at this drop to the downside here and we see it's for well if we zoom out a little bit it will aggregate it together almost three hundred thousand dollars in liquidations on this way down and three hundred thousand on the way up as well just right in here so people are getting just hammered here just hammered in crypto right so I mean would they have any other way I mean it is the wild wild west yeah I mean it's insane what's going on in here I know obviously with the with the news that's out yeah yeah I mean crypto.com as well yeah so so anyway now this is what I want to cover here so the Bitcoin or the perpetual multi book instruments here offer liquidation the liquidation indicator on 7.3 now the interesting thing here I'm looking I'm accessing bookmap 7.4 which is alpha okay if you're interested in that we offer this now on 7.4 where you can add historical data here so if you want to you know you're looking for backfill data and you want to add some in here like another hour here and I load it here by zooming all the way out and clicking on this button over here see how it's loading more data right now up here and then just a minute here and we're gonna see not only more data we're gonna see more liquidations in here as well so this is really cool to be able to see and add this data when you start up your bookmap okay so here now you can see that that square is not here anymore so I can just use my center mouse wheel and zoom out and still loading some here so hold on just a minute and then we'll see there it is okay and I don't see any oh there they are see the liquidations here yeah yeah I think that's all one of the other things I was complaining about about the liquidations like are you know if I if I switch my PC off I don't see it but the thing is I rarely switch my computer off so it's like I rarely switch bookmap off but like is it off the off chance that I do it's just so someone's asking will it be possible to load liquidation indicator with the digital version at some point yeah so so so anyway we're we're we're getting there with it and then also I want to show this here on the web yeah web version here okay so it's offered here as well this is free yeah you need to sign up though for it for bookmap and you need to log in let me show you where you can find liquidation and the instruments that support it and you can see this little button here this is the liquidation indicator here the one that has a little fire on it okay that's where you find the indicator and that's where you can find the different settings here so when you hover over here and you go to multi book here the multi book product okay that's on the web here which is like again this is amazing in my opinion I mean these this is all free this is our data it is multiple exchanges here and you can see that the little fire icon down oops hold on down here on these instruments notice that they're all the perpetual instruments they offer the liquidation indicator here for free and you can zoom out here quite a bit so you can zoom out to one month of data in here and here it is so if you want to see that meltdown and I mean it's just incredible what's going on right now in crypto and you can see like millions of dollars in here you know being being liquidated on some of these moves so anyway please check it out play around with those tools here you can see 1.3 million here on this move to the upside before the move to the downside yeah quick question from someone is they asking how are the liquidations pulled from the day are you privy to that yeah I mean the exchange is disseminating that information it's amazing I don't know why I mean but they are they're just playing it from straight from the exchange yeah yeah and there's only specific exchanges that off yeah yeah so so just note that and that's why like you know for example I think it's up here Binance futures for sure is doing it but yeah I'm not sure if by bit or okay which one's doing it there but anyway play around with it guys this is pretty cool to see in my mind this is just an unbelievable amount of trans market transparency here because you're seeing not just stop runs here I mean these aren't stop yeah liquidation they're way worse these are people getting margin calls because they do not have enough margin to cover themselves and the exchange is just saying sorry you're you were exiting your position due to your liquidation so anyway I don't sorry rain I don't I wanted to come in here I've been meaning to do this for a yeah yeah and cover this with you guys really pretty pretty amazing stuff now that is you get the historical version on 7.4 or the historical data for the liquidations and then this also works on 7.3 for multi book and 7.4 for multi book and there's obviously the web version as well yeah yeah I'm gonna jump out rain and let you continue but I did want to cover there and interrupt you guys for just a second nice no problem thank you for introducing multi book to everybody I mean liquidations for elderly liquidations and multi book to everybody I mean I've been using it I mean it's always nice I don't think I'm on version 7.4 book map just yet you know if you want that historical data for liquidations then then get it yeah if you else you can go in multiple yeah the multi book on the web version yeah I think I might just stick to the web ones just easier to my leg managers like I wait for like the beta version of 7.4 and play you know exactly it's a safe call yeah stability over sort of new shiny stuff right right up to you guys it's available though on the alpha okay thanks rain I got to go and no problems have I'll have another time yeah have a great day man okay thank you bye bye okay so that was Bruce I think head of education a book map again you guys is 12 out of liquidation and we already talked about the web dot book map so the indicator is not available unless you're a global plus member I believe that is you know let's stop quoting wrong stuff they've done that before features the features there we go yeah let's see liquidation is available for global global plus members only so if you're a digital plus member you don't have it just use the web version it's free then you can still use normal book map to do normal book map so you sometimes wake up and see Bruce in your bedroom I wish I did let's see now we saw that and Bruce showed us the liquidations that happened just on this up move that equated to all liquidation from here to here which is I find insane thinking about thinking about that really it just shows that look everyone just was in yeah let's get rid of that everyone was really anti just to show all the way down here though you're saying you know what it's gonna die it's gonna die no stop no stop nothing just liquidate me on nothing and they saw nothing they got liquidated and it's nice it's a little pop here and this sort of another sort of practice in patience let's say you're trading just using these ranges you can't trade inside a range you just have to weigh out I mean unless you get experience so you have caught the age of trade here and it did require you to be awake then you'd have kept this all the way through take profit at that sort of stop on here so you're at that 50% and we talked about how that 50% was important just purely based on that sort of a range and defining our sort of just to find the sort of pivotal point for us in terms of it being sort of the premium market and then understanding there we just took stop here take stops within premium stop on drop coming back down to some level of normalcy is what we're looking for again was range set up so we talk about the which way sat which side or which way the range is trading as you can see when we have a downwards trading and this downers led into an internal consolidation in simple outside little chuchu train we talk about that it leaves the station goes back up but it took too long so it did nothing and the longer it takes the more you're sort of looking at that and saying oh you know what at this point let me cut my losses here and then be sure only or let me say if you're awake during Asia same thing here it took to that range high and it's just traded down so you anywhere during the weekend you go said that that's an easy trade to sort of checked downwards I mean it's pretty nice pretty easy to understand that we're coming up high we're pulling down now you want to see us two similar sort of things either take this range low once it finds out it finds out 10 o'clock eastern standard time New York time for you layman's I'm joking this is not a very layman needed so it could do a stop on push down take a second top push down further and this one took a third one then finally all in the coffin there and how you sort of try and discern difference between the two is try look at sort of walls and if we're sort of having a potential source of level support present as you can see here this is a heavy long territory and we can zoom back out again and it just shows an increasing increasing number of like lungs until we zoom out too much there we go I guess this yes this so if you grab this there you go every sort of long area here there you go make that bigger as you can see just a whole sort of consolidation all of that was long all of these guys got liquidated here followed by a short liquidations after this sort of very long very long and very narrow sort of combination and sort of shorts here and was that small sort of lungs and with people being right here but generally I don't need any competition I don't need any competition oh yeah I was like what are you saying Greg that oh wait Greg's you're in my bedroom goddamn why is everyone in my bedroom nowadays so now we treat this as sort of a high point or a retesting point here I mean was that sort of small pop they just created an extra one small break here but we can sort of move this out and so just create this larger sort of structure here was more important on the straight and narrow on the beginning sort of level there so now we're sort of creating a picture for ourselves to where we potentially might want a lower price threshold or if we even if we trade back into here we sort of want ourselves to push back down take the range low around 15 400 and see if we can sort of hold that as a first sort of contention just because that's where the V app is we pulled just under the view app I crap grab a bunch of shorts and increase the number of number here then pull that back and we want to pull back into sort of the current sort of day and we pull into the current day in terms of where things are trading as you can see very much sort of heavy short here and we sort of formulate that around here to some certain degree and we also again talk about you talk about so this heavy sort of offset here but generally not sort of too bad in terms identifying this area here again this is coming in heavy long at the bottom usually more likely to fail than it is to succeed so again watch that sort of expand essentially downwards so I would be careful it would be more biased short than long I mean this sort of expression here could be nice especially if the market decides to try and rally once more reach a second double top on market open to allow volume selling because not many people get to trade during this time and only sold generous and European people mostly Asia is trading here because again it's usually really night all the way around and then slowly people start coming to around here so that's something that you want to sort of know that most of all you would not be present most of this would be done via liquidations from previous sessions let's sort of look at our sort of trend wars I mean trend lines not even trend line support and resistant lines we talked about how yes well needed a bouncer to be pushed needed get that on Friday when we talked about how it consolidated on Friday which whilst it was consolidating we had Bitcoin going down uncharacteristically again usually they want to stay together so if this was what was sideways one they would like sideways since they moved out of sync you'd expect them to move back into sync at some point so you expect Bitcoin to either consolidate back into this or catch up with this at some point let's say this continues to go up Bitcoin will go up with it as this continues to go down and probably be now meets coffin and we'll see if we can get that we're now sort of encroaching and now is a better time to look at a sort of book map on sort of inventory for today it's pretty heavy sort of short we still haven't squeezed the majority of the shorts out and at this point these are now led to be trapped so we now understand them to be trapped and any sort of increased here we'll just sort of put that now so sort of very much treat these guys as prisoners so these guys are now your support at 3962 the same as 62 for support for ES is not too bad but the thing is if we blow up we liquidate these guys this is no longer support so again it's a tentative support on the fact that we have a heavy amount of volume short so clearing out that either using either taking these stops out is is the only way you can take these guys out especially considering it's very much heavy volume we haven't got too much long in this area here so definitely consider today to be bullish for ES could could sort of uplift Bitcoin a bit but we'll see and I think it's the only bullish up until it has its fair share of liquidations so that's something you want to be careful about is once we've had that fill of liquidations we might end up reversing in terms of where we sort of want to see this projected again we do have sort of levels here sort of support levels the sort of major daily ones start all the way up at 14 no not 14 4153.03 being antique about it and before then you go 4117 and even prior to that you're 462 so you have you have quite a few levels before we reach that two levels of views statement but generally there's a double top here and it was all consoling down if we keep consolidating could bring us up here and it could be one of those sort of players that people don't expect but it ends up happening because it just purely based on the fact that game heavy short not really all the way out on the market even on the downside we got collected more short didn't really let up and we sort of pushing that so any sort of push would be relatively easy because it'll be squeezing out shorts rather than actually adding in a new position long that's a very easy move and market be easy which Asia areas so Asian you'd probably be HK KK for clothes Asia clothes we want to finance oh yeah I mean this is the pre-market range anyway it's what 5 EST to 830 market doesn't open until 830 anyway so Asian market opens here I don't care where it closes I could care less I have my range defined here that's all that matters to me so it's just about how again this self-support resistant era for Bitcoin very sparring between the sort of to and spot has a bit of a different levels here and there so we probably need to switch over to there at some point and to see if there's any in between but generally 14 5 to 2 is our sort of heavy sort of monthly support level coming from these sort of levels and and these levels work across all boards we broke through weekly in a daily here and retest that daily drop down trade that sort of into that volume shelf here as you can see these volumes are very easy to read heavy sort of longs here that first sort of pop then pushes it back down as you can see enough for our gives you that sort of nice outside structure pushes it back down again back into this volume node here as you can see this sort of center of mass starts it's here it starts about here as you can see that cascade of that sort of cell pressure and also short volume here just leading up to that sort of support and this is why I'm on the disco I said okay cool heavy volume node it's probably your double bottom and we are expecting a double bottom from Friday so it shouldn't have come as a surprise easy now we've already met some level of resistance it's now down to us to sort of say are we gonna resist that to go down you can see here they go I said or I say or break sort of catch more lungs but again we ended up back down so anything below here is now considered sort of resistance of bearishness some some level training back down to here would have been the ultimate sort of case for it as a sort of a spring secondary test so that would be the most ideal case if we bounce here but we know we might not necessarily get that as something you want to look for at some point it is on Monday we're setting up our ranges for the weekend week the whole week rather got down so you want to see which it's very important the direction of the trade because usually we can reverse it around Wednesday so if we sort of come here already on Monday we've already pretty much done everything we needed to do so that sort of leaves a span in the works so maybe we want to go high pull it back down on Tuesday and then push it back up at least we go open open yeah at least week open open yeah at least down to the week open here is I think if it's first point but worst case it's it's it's you're pushing a bit and it's here maybe 50% would be that you hear but again week open with slight overhang still thought of developing our sort of Monday low and high as you can see here currently here these are 50% to be here so again if we bounce on that it wouldn't be too bad either so as in here that's something that you want to know is come under we talked about how we had that volume in book map here present just below this area so maybe we talk about this as a first point we create some highs go up for a bit and we pull it back down and then we go from there but that's again probably better seen tomorrow nothing really too interesting other than that in the current sort of market to sort of zoom into yes sort of starting to get that sort of long into that area here that's pretty interesting again still hasn't outweighed the sort of heavy sort of shorts from the price of days so we want to look at again just looking for that that sort of heavy short to resolve soon as I resolved we can sort of drop this fish like with very high confidence other than that there's some air of not confusion there's some air of intrigue right it could it could not it's it's all a matter of yeah if they want to they want to instead of oh yeah they're probably most likely to do that again that sort of heavy long pushes down okay waiting for it to come down to some level then push it back up but again that's something that you guys can do I don't want to sit here and pull you guys to death I have much better things to do with my time and you guys probably have much better things to do with your time so it's mutually understandable that we need to part ways sometimes okay let's you see five today interesting day here there we go 1130 looks like our pivot for today so maybe if we get a directional move leading one way 11 11 to 12 is where you expect that to reverse and we normally look at that anyway it's whichever direction we usually like to do the opposite of and it happened to us I mean it was available for us a couple of days ago I think on Friday we had that sort of 130 there we go at 130 we were going up and then we said okay there we go there's our downwards movement here and you can have an easy reversal of that into that market close but again important time to sort of say if you're in a longer short to do the opposite or take profit so just mind yourself at that 11 30 to 12 o'clock sort of midday sort of reversal see other than that doesn't look like today has two important I mean you do have sort of GDP growth a quarter and quarter it could be interesting to see Japan's numbers but nothing sort of too heavy heavy effective wise had a couple of speech from in the morning but mostly 12 o'clock looks like the most interesting sort of marker so again if we are sort of dilly-dallying we go up then 11 30 comes in we're just doing that there you go not not in one fell swoop but to some certain level we should be doing that again just mind you they usually do that and it would make sense again this is now your resistance area I mean this entire thing here is very heavy sort of long so you can start from here and continue itself up to here but generally you're looking for that as a resistance even if ES pulls ES pulls up that pretty much wraps up today again sorry for being late it's just dealing with the Somnia again it just always seems to creep back but you guys should have your numbers you guys should know how to trade today so I will catch you guys tomorrow and if you guys still have many more questions showing the discord there's a lot of education in there and that should help you guys out at least for the meanwhile other than that have a lovely day guys and I will see you tomorrow peace