 Good morning traders and welcome to the book map crypto webinar series today with Nicholas Merton at Data-dash you may have heard of him very prolific crypto trader and He looks at order flow in the crypto markets here, of course On a lot of higher time frame. He's looking at and kind of higher time frame in fundamental outlooks on in the crypto environment and and Also, he is using our new liquidation indicator He did a nice video this morning covering some of that with CVD and also just the order flow in book map If you're not familiar with with Nicholas He's a founder of Data-dash one of the largest crypto trader a cryptocurrency YouTube channels with over 500,000 subscribers and then being an International speaker a thought leader and crypto analysis in the space He's utilized his over 10 years of experience in traditional markets to understand the potential of these crypto currencies I'll put this into the chat for you if you can you want to further explore Nick's website here as well as his YouTube channel And then I do want to mention for anyone new here before we jump in The some special offers we're doing for this crypto webinar series 30% off. This is a really nice offering for any new monthly subscriber. Okay, so that's kind of the Baseline here if you're a new subscriber you want to try book map put in crypto series 30% off into the coupon code When you subscribe to book map via book map calm We're also giving away each day here A month subscription to global plus And it's just during this webinar series here So each day is a new chance to win tune in Each day and get more chances to win for that one month subscription to global plus And then this is the way that you're going to do it You join through our book map discord special hashtag special events room and type in there CWS for crypto webinar series and then I'll put this link into the chat for you as well If you're interested, okay, so you need to join through there and then Quickly go through some disclosures here and then we'll turn it right over to Nick The general disclosures all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment recommendations are for Should not be considered specific investment advice nor Recommendations the risk disclosure trading futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so Nick if you can share your screen there, and then I will present it and we'll get going Awesome Bruce. I'll go ahead and get everything set up here real quick Let's see here Alrighty, can you guys see my screen here good? Looks good. You sound good. I think we're we're ready to go Alrighty, let's go ahead and kick things off guys first off Thank you all so much especially yourself Bruce for giving me the opportunity to be here today I'm a really big fan of the tools the book map is built We've been one of their partners for some time on the data dash channel and to be completely candid There aren't really many tools. I like to utilize when I'm going about trading in markets I've been a longtime user of trading view as Bruce had hinted I've traded in financial markets for the past 10 years completely self-taught Traded in equities beforehand as well as commodities and forex and took a lot of that knowledge over into the crypto market and As also Bruce hinted earlier I'm a really big fan of following metrics like the CVD the Kimlin Vaughan Delta tracking market order flow As well as order book bid and ask support and resistance and trying to understand how these elements can really start to move price I want to go ahead and kind of kick things off through a little bit of a presentation format And we'll kind of dive in through both trading view and book map and how I utilize these tools of conjunction with one another In order to trade within various different time frames and that's going to be the big focus for today's presentation I'm more of a long-term trader. I like to focus on the long-term time frames and book map What's nice about it is that it can really come in handy on all those different time frames But outside of that as well, it can be really great for finding those short to midterm trades as well So we'll be talking about how I would preferably use these tools myself and going about trading crypto markets more specifically So again, we've got three different time frames here Now you guys have probably heard the umbrella terms day trading swing trading and long-term investing Because of the fact that we're talking more specifically about trading here I want to go ahead and dive a little bit more into kind of the three different time frames that I work for when I'm trading You got for example long-term Which would be like a kind of six month or more when you're really trying to rate ride the bigger waves of crypto market cycles You've got kind of midterm time frames kind of one to six months in this case where you're you know For example making a swing trade It's not a day trade and you've definitely got a you know a couple of weeks of price action We're hoping to make a lot of those returns and eventually hit your targets and then the kind of short-term time frames This would be from short-term ages like day trading which I rarely do. It's just not my personal trading style You know and onward towards weekly swing trades and one of the big things that I'll kind of gravitate towards and Maybe curious later in the conversation maybe Bruce can chime in like I'm a big believer in this case about expanding your time frames when trading because The tighter your time frames can be The more likely you are to get stopped out the more likely you are to get kind of forced out your positions And you know to get kind of caught up in the unpredictability of short-term market movements So that's a big thing that I want to emphasize here today We'll dive a little bit later on into how I utilize bookmap to the major strategies and then also some just broad Trading tips. I want to first dive in though into generally how I kind of approach looking at different time frames And let's start off with the long-term time frame because for me This is the one where I think the most profitability and also the most predictability comes in for any given investor trader So right now we're taking a look at the Binance pair for BTC to tether And what's really interesting about this chart here is that even though it doesn't give us the whole extent and range of Bitcoin's history. I think what it does is a very good job of especially being one of the large liquid order books here The tether markets for Bitcoin is that we can really start to see how we can analyze long-term time frames and find incredibly great opportunities So whether you're someone who is more of a short-term trader or long-term trader Taking a look at the long-term view can be really useful for two reasons one If you're a long-term investor, you can spot really solid discount opportunities and it's quite easy to spot for example I've highlighted a lot of these red candles here with with green circles or generally these points when we were going through capitulation events If we take a look at the price decline during these windows of time lead up to these unique volume candles here We can see that we're getting over around 50 to 60 percent corrections Each and every time here as we go through these periods of time All right, you can see one print back here for example during the make correction in just a matter of two weeks I've got about 50 percent plus correction and Leading up here into the capitulation can and we saw it just back in early May another 45 percent correction There is key similarities here in this case of setting up those situations where on a Given six-month time frame you're picking up Bitcoin and a variety of altcoins at a really stellar discount And they're pretty predictable to find we're not really trying to nail the bottom here What we do care about is making sure that we get those closes on the candles We see that their volume in this case is standout against the traditional volume profile of the market given that same time frame And you also get a lineup of technical indicators Now I'll go ahead and say one thing here I know Bruce and I we've chatted about this before Which is that there are a lot of people who utilize technical indicators on short-term time frames And it's not to say that it can't be a useful tool in your arsenal But I think the biggest problem with it is that Utilizing these on shorter term time frames just like trying to use support and resistance or any other kind of metrics You can use or volume candles during short-term time frames. They can be really disorienting That's where a guy actually in a lot more on book map if I'm going into those shorter term time frames I want to see what the market order flow is and now with the liquidation tool This gives us even more insights on a shorter term time frame So oscillators like the RSI they hold a lot of relevancy But they hold much more on those longer-term time frames, especially when it comes to assets like Bitcoin There's been a lot of continuous similarities here where when buyers come in and I think the important thing to realize is that These indicators are really being utilized by larger players on these longer-term time frames Because they need to accumulate large positions. They need to get limit orders or bids filled into capitulation in the market You know, that's when you've got a lot of market order flow that allows them to not have to incur dramatic slippage when they're building their positions Right in that case they can just set bids get them filled and have their six to twelve month time horizon in play And that's what's happened so many times in the past year This also is happening as well both on the not only during capitulation of the sell side But it's also helping happening to the long side as well You can see her for example the ones I have highlighted and read here, right? Both periods of time where again the RSI here on the two weeks overbought We were above the overbought range here at 70 point range We had been after significant rallies here and we not only saw a major volume blow off top here on both of these But on top of that as well fading momentum The only kind of exception here being that we did continue afterwards But afterwards had what was generally a kind of Wycoff distribution pattern Most of the gains really were made during these multitudes of weeks here from the fall of 2020 into the first quarter or January of 2021 So this is how I would look at long-term time frames when you really cut out a lot of the noise You find some great opportunities where not only you can buy things at a discount But again for those of you who are probably more familiar with trading on a shorter-term time frame You can even use really healthy levels of leverage I would only recommend it though so long as you have additional collateral on standby and that's again why you can pick up these discounts here You know historically over the kind of 50 to 60 percent mark is my threshold, right? And now considering in the longer term that we've had this kind of 60% pullback here This is where well as a lot of people are actually going short the market betting on a drop down to 20k I'm more favorably leaning towards setting in a long position on Margin if I'm going to and having additional collateral on standby So this is this is how you would kind of do it on the longer-term time frame The next turn I want to show here is the kind of shorter term, right? So if we go back to our presentation, we're talking really about one to six months here One of the things that I think is really important to look for here when I'm looking at kind of one to six month time frame I'm definitely continuing to keep an eye on more on market order flow and some of these metrics like liquidation tracker But the major thing here I would say here that you want to watch for is you want to watch for what price is telling you and I think one of the best ways to do this is by naked trading For those of you who aren't familiar with the term don't worry It doesn't mean you got to take off your clothes and your trading naked trading is where you go about looking for support resistance So I again like to cut a lot of the noise when I'm setting up these positions I look for those percentage declines like we have printed here on the chart, right? I like to buy into heavy discounts in the market if I'm going to go long But even simplifying it more than that I like to look at what price is telling me and we're taking a look at the three-day chart here So we've really got again a couple of years worth of price information to work with here And again, I think one of the key things you can do In order to start really gaining information on what price is telling you is when you cut out all that noise You can start to see what price itself is telling you We can see over time here that all the while we are going through a really stellar uptrend Right, you know, for example back here in September 2020 You know, we have multitudes of weekly upward green candles a bit of sideways price action and little to no correction afterwards Continue to pick up afterwards Correction that was soon followed afterwards as we move up here on the ladder of this rally You start to see momentum fading here And that's a big tip that I'm going to talk about later on that I'll reiterate is Following momentum So for example, we can see here that yeah price was still climbing higher here But what we talked about back in April on the data-dash channel was how all the while we were having these high loads in our highs The first key sign here of weakness is the slowdown in pace, right? So you're starting to stall in momentum here You don't need a technical indicator to tell you that you don't need any oscillator You don't need the MACD all you need here is to see how price itself is printing on the chart And then the secondary thing you should be looking for here is a break of Those higher lows and higher highs right on these longer-term timeframes and you got that right here right here with an April All right, and that's when again market order flow Which again was already weakening here for the buyers and bulls Started to come down here and when you finally get that third confirmation of a lower high What you got from back here in a rollover That's your sign to start taking profits and have your stop set at a relatively similar range from the previous low Because if you can on a midterm time frame, you know really over a trade It's going on for about about six months right if you can take those profits home If you bought anywhere along this cycle and you can avoid these corrections and buy it at a discount That's going to be incredibly favorable And that's again where once you come down to healthy levels here You have cash on standby you can take in you know a healthy degree of leverage if you want at those ranges Especially once you've got the counter opposite right and imagine here for a moment We were shown what it looks like when the market is ready to trend reverse to the downside So many people Who were betting on this downward move here or who got knocked out up here? Well, they try to revenge trade they try to short down here And the problem with that is that just like the inverse of what happened up here, right? We had a lower highs right which generally seems bearish by a lot of people and also Lower lows here and that's scared a lot of people a lot of people are betting on a rollover to 20k But what do you know as the market was filling in a lot of shorts? Betting that the price will go down limit orders are getting filled market order flow picked up And it would push a price dramatically each and every time just like it was when it was selling here when you had basically institutions Distributing and I'll hint a little bit on this later on when we talk about book map later on About how it gives us some really great insight into the kind of harsh reality here of how crypto markets have changed It has a lot to do with the derivatives exchanges Lending and bar and platforms that have really driven a lot of the credit and risk-taking in the space right because we can see here when we got You know pretty much like the counter inverse of this here We saw continuation back to the upside We shall sell the shorts getting squeezed and we saw for the first time in history for the first time in history What would many people would see as an all-time high in crypto markets being retested and even blowing slightly above that Pre-the-sell-time high and then correcting back downward it shows just how different this market is compared to how it used to work The last thing I'm going to do here, and we're going to kick it over to to book map here is Taking a look at really the short term. This is again as we talked about in the presentation day trading to weekly swing trades So when I'm looking at this chart here, you know, I don't short-term trade often I really don't see a reason to short-term trade only for when we are in a channel of some sort Only when we are in some kind of technical pattern where there is a degree of predictability and price when you're trending higher in price When you've got you know multiple week-over-week green candles red candles There's not much reason to try to trade during that only when you start to have for example capitulation And you start to see trend neutralization That's the only time I'm going to be trading with insured term timeframes And really be looking at the hourly charts like we're looking at now and again, I like to keep it to the four hour here I don't like to go too small into the fine minute I'm not trying to scalp or find really short-term like opportunities in the market But I'm looking to do here is still find some opportunities like what we've got right now where you can make Solid single-digit returns on a trade and again That's where again you can employ a bit of leverage and if so long as you have your stops and you keep it at moderate levels It makes some really nice returns some really great risk-adjusted returns. So this is for me what I like here I like predictable channels where I can find Historically when it's time to take profit Historically when it's time to buy in when it's the most difficult to do so when most people won't and I like to kind of Stick to my guns here and wait for the market to give me that opportunity. I do not try and chase it So for example, we're up in this upper band here right now And we've had a really solid move up, you know, Bruce was sitting on this It's a really interesting time and the market right now We saw about a 4.5 percent move and look my my long-term mentality is telling me oh my god We're at an ultra discount here. This is great. It's phenomenal my long-term positions will start to recover But when I'm thinking and a training mindset in the short-term timeframe, you got to cut out that noise here We do want to keep in mind the longer-term trend which to be fair I think still so far has been bearish, right? I think no one would disagree with that We went through a heavy capitulation candle, right? The longer-term trend has been negative So we need to keep that in mind We don't want to get too excited until we get a close above this upper band here 32,000 I'm not doing that now first off Let's just kind of start from square one before we diamond strategy. Why is this range important? What are these two white lines here this range? Well, it's not only where price is channeling through but again if you look at the longer-term time frames You can predict that these ranges would be of some significance This was the range of resistance back here towards the top of the year and 2020 Which then started to serve as support for continuation trend higher, right? You had some wicks came close to this range here and outside of that as well It's generally a range of resistance as well, right resistance for price So I look at this channel here, right? We can see that price is playing through it here as well So now what I'm going to be looking for here is for signs of weakness like we saw back here in the play From mac and may 30th to june 1st I want to see price showcase to me as well as the indicators We're going to take a look at through book map to signal whether or not We could be in for a revisit down to this range or at least out of this upper band That's going to give us some kind of potential to start taking profits along the way, right? Again, you don't want to just have it as as simple as setting up maybe a short in this position And then only taking profits here because for example, we got this retest up here And we did get nice follow through but we didn't come down to that buy range, right? I use these more as a gauge for entry rather than for accident But it's not exactly as cut clean cut as that but we are now in this upper band here And although while we haven't revisited up this range here We are in the upper band here where we could start to retest towards this upper band at 32k And face some kind of degree of resistance, especially if we can't get a clean cut move through Now what I like seeing here Is that we've got a lot of great tools to utilize through book map that can start to help us in understanding whether or not We're going to really get a short squeeze that puts us above This band here at 32,000 or push us back down below So we can see that the liquidations they're churning through right now We've got for example, I'm taking a look at the buy-nash futures one of the more liquid derivatives platforms You've got 6.56 btc liquidated in 128 separate events 1.12 btc over 16 And 4.9 btc over 79 events if you look at and I for example, I usually have I was having a bit of connection issues earlier, but if you have buy bid A couple other the major exchanges that you can really start to see A visual representation of how much the shorts are getting really knocked out here and what i'm looking for here Is whether or not we're going to be able to start seeing a continued build up here in the Short squeeze effectively then shorts getting knocked down the mark and you can see that in the cvd You can see it within the liquidations. They kind of play tango together here within the trend And if i'm starting to see a real vertical ascension here and the asks on the order book getting cleared I'm definitely not going to be setting in any short positions And if I do i'm going to have a short I'm going to have a tight stop in this case right above this range What's great about that is that you've got kind of an essentially if we can get a You know a trade setup here, right? Let's say for example, you know, you're at this range right now And you even wanted to set up a potential I've been in this case to short on the market You can effectively set a really tight level to get stopped out at 2.3 percent loss And you can overall have a variety of profit taking levels through this descent downwards That can give you a lot better return return profile versus the risk profile So that's again exactly why I like trading potentially during channels and sideways movements It's also why when I I trade in equities I like to even on longer term time frames build long term swing trade positions during these channels Where we have predictable ranges of resistance and support and we can set those preliminary stops At ranges where it's not going to just basically i'm not going to get basically Hunt it out in a sense. I'm not going to get my position knocked out But at the same time I have a great return profile So that's one key thing here. Um, and again what I would say and I'll build up here is Some of the book map strategies. I'll go ahead and pull that next slide up here These are two of the ways that I like to use book map I like to utilize the cumulative volume delta and liquidation tracker and in a sense See whether or not there's a divergence from price So they're kind of two different setups here and again, don't take it at absolute gospel I'll explain a little bit as we go through Uh when price is rising with slowing momentum So again as we talked about earlier whether it be on short term time frames long term time frames If you're starting to see that that accelerated momentum Is starting to weaken, but we're still climbing higher And we see the cumulative volume delta and short liquidations aren't following upwards Let let alone in this case. They're actually probably declining You want to start to lean bearish and set bear setups and vice versa when price is starting to decline over time With slowing momentum So let's say for example the you really had the capitulation candle back in early may And price might be even rolling back over again slowly but steadily But the cvd and long liquidations aren't A lot of those things that would carry price lower the market order flow that causes the domino effect The long liquidations getting knocked out that makes that domino effect even stronger You want to start to lean bullish, right? And this is again why I think book map is incredibly powerful as a tool It's just you need to know how to to use it in a way that makes sense for you Now what i'm going to be watching for here and I would say right now We don't have a direct trade setup at the moment, but we might be getting one here very very soon I'm going to be keeping an eye on the liquidation tracker and the cvd right now We're getting a really nice acceleration of shorts getting knocked out of the market There's a lot of bearishness in the fear and green index a lot of data science models are signaling Optimal levels of fear where we could be in for a longer term rebound So that's why again the stops are so important if you wanted to set a short But what i'm going to be looking for here is just kind of a visual representation Is i'm going to be looking for a rollover here in the cvd as well as the liquidations here So if i'm starting to see here that there isn't any acceleration and growth right In these two metrics over a multitude of hours and price is still taking higher That's going to be my telltale sign to start setting up a short position All right, and vice versa if you had the counter opposite of this If you really had negative market order flow like a lot of the red volume dots sending downward And you started to see a divergence here Where shorts weren't getting liquidated anymore and the market order flows starting to take higher Then i want to go along and there's a big reason for this You know, I think what's so incredibly powerful about bookmap is that it gives us the visual truth about what goes on in crypto markets Right now there are so much Degrees of liquidity that have moved from the traditional spot markets dollars crypto positions that have gone from traditional spot Which is originally made spot markets so liquid and so reliable and more consistent A lot of that money has flown into derivatives. It's flown into exchanges like finance It's it's flown into exchanges like ftx buybit And the problem is that people are delving in too much risk And when people are delving in too much margin, you're going to get these cascades of liquidations It's exactly why when we go back here to the chart The corrections we've been seeing on these longer term timeframes used to not get mid cycle corrections like this But all the while we might hate it and I love it either way we got to understand it So we can adjust our trading strategies to it. All right, and again If we go to the shorter term time frame He's got a cascading domino effects and liquidations Are really really beneficial to have some great trade setups for the rebound both in the short term and the long term So again, I'm going to be watching here to see if this market order flow and liquidation slows down right now It's accelerating quite high And if you start to clear through a lot of these asks on the order book You can get some really quick acceleration to the long side So again, I wouldn't say there's no problem in having trade setups for both But if you are to do one of those longer term time frame trades I would wait and again just like how you might have a stop here, for example At 32,500 if you were trying to original short Flipping long in this case only when you get a close I'd say a daily close above this range And that could again be a position you really set in healthy levels of margin or just At a 1x leverage and just let it ride up and you can make some great returns in the short term But again, this is more focusing here on the short term setup here And I would say all the while I'm excited to see Again in this case market starting to revert course We can't be too certain of it You don't want to get too confident until you get that daily close above a range of resistance And the the big thing I'd say too You know, maybe to kind of close off here Maybe we can dive into some of the trading tips and then dive into some questions The reason why I really I don't trade too much in the short term and why I like long term trades Is when you really start to zoom out here You know, if you get a close above this range here What I I'm thinking about when I I set up a long here at 32,500 Some people would be like, you know, Nick, why didn't you set along back here? You know, there's a lot of missed potential gains and everything of the sort The reason why is because I've got a much more clear picture that Revisiting down to new lows is probably highly unlikely if we broke up to the upside of the range And second off, I know that anyone who has set shorts in this range Is going to be slowly and slowly and more and steadily closer towards having a margin call event All right, when you have long term accumulation patterns That is a golden sign that whatever trend, uh, you know, whatever direction the trend picks up It'll probably continue through and it's going to be painful for the other side of the trade Just like it was for all the longs that got knocked down on the way down It plays both ways. So that's what I'm watching for here I like seeing the momentum here for more of a long term setup And we're at a healthy discount range here where we would probably expect some kind of relief We've had nice sideways accumulation So I wouldn't take it out of the question here that we get the breakout higher But if I see weakness here Solid weakness here lower highs, right? And we start to see that market order flow as well as liquidation tracker divergence from price That's going to be some signs that I want to take out of the short term Trade and I got my risk measured out here. That's the nice thing So again, I'll go ahead pull up the presentation here And we'll dive through some key points here that I think might be helpful for you guys In your trading journey So one of the big things that I like to do here is utilize ratios So I know that all the while I used bitcoin in today's video is an example to track the market Looking at fiat pairs can be really useful But I'm someone again who always wants to not only make return But I want to be in a long-term outpacing bitcoin Or outpacing the next best position that I could hold So I could give a great example of this You know, many of you guys have probably traded in the altcoin space And you're probably familiar with cardano or ethereum Now these are typically comparative protocols because they're both layer one blockchains They have very similar focuses of deploying smart contracts And allowing for decentralized applications So what you can do here that I think a lot of traders really don't consider to ever look at But is incredibly valuable for technical setups Is taking your favorite altcoin which may not have a pair against ethereum in the case of eta There is in creating custom ratios and trade review allows pretty much anyone to do this on daily time frames So I'll go ahead and take you to the daily chart We'll pull up, for example, ada btc We're going to divide that by eat btc So I'm going to repeat this step here again You guys can see how I'm basically taking one bitcoin pair for for cardano or ada or eta And dividing it by eat the btc the btc's cancel each other out and you get a really nice ratio Again, sometimes you can just type your two currencies and you already get that ratio that trading pair available and you can watch those as well But I would say for example building the custom one works just as good here Now what happens when we bring this ratio up and we dive in maybe to the weekly chart We actually get a really interesting chart here historically speaking We can spot the general blow off top range For ada to eath you know back here in february This is when ada was really approaching its kind of heightened range same as back here in august 2021 Some really heightened levels here not just in the dollar pair But against eath and this is very similar to the range we saw back here in december 2017 if I get off the log scale It's still highly consistent And you can see down here as well. You've got the accumulation range, right down below this range here as we go towards It's kind of I would say roughly it's it's sometimes difficult to speak on the actual decimal point But you basically got three decimal points down to 22,753 Right, we've got highlighted here on the chart. This is where buyers Will definitely be coming in those accumulators who are waiting to eventually sell Into the strength later on, right? So you can can utilize ratios as an important kind of additional tool outside of looking at the traditional ada btc pairs or ada usd pairs go deeper dive into the ratios Look at what beyond look beyond what the btc or dollar pair is telling you I can tell you all this has saved me more times than not And kind of getting into overly speculative positions when the market's already hot And it's also been a great sign for me to get into altcoins that are actually at a Variable in the ratio that's going to be beneficial for me to get into ada, right? If I already know eith is probably going to appreciate during the bull market I got to know that I'm getting into ada instead of eith at a favorable price territory Historically speaking the more price information we have to work with the easier that trade setup can really be Next up here follow momentum whether short term or long term momentum is king here And that's again why I really like the cvd here as well as the liquidation tracker Because again, well price, uh, you know might be training higher here It has been in the lead here charting higher What I want to make sure of here is that the things that are going to carry that momentum Liquidations people getting knocked out forced out of their position forced to buy back into the market As well as the market order flow Those two metrics are continuing to turn higher If they're not then that can be a sign here that all the wall prices hanging high and the bulls are confident The momentum stalling here and the party is about to end and revert course Right, so that's again a very very important thing and that goes also for for like the long term positions here Um, sorry the mid-term trading And we talked about back here, um for both tops and also both bottoms here, right? You know, again, I know a lot of people are excessively bearish after this candle here We had a you know in three days 16.4 percent downward move But I mean folks, I mean it's important to keep in mind that we've gone at 61 percent And on top of that since this capitulation can off the volume Price really isn't moving lower All right, while the concerns of the fed and all these macro elements might be justified Price isn't showing us that it's concerned right now. All right So that's the important thing and why I like talking about long-term timeframes and momentum Um, as I mentioned earlier naked trading is great, but it requires strict follow-through and this goes with this topic of momentum Uh, we go back here again to the chart, right? You can see the general fee You don't even really need an indicator to tell you can start to see here Price on the long-term time frame is not keeping up with as much as it used to it and not to mention Not having a healthy correction in between like we used to get in cycles It's just this constant optimism. Uh, that's slowly Let's steadily losing its kick. All right Uh, let's see here only using indicators on long-term timeframes. We went over this a little bit Proves to be immensely valuable for me personally like as I've gone through my trading journey, uh, both in equities Um, you know, whether you're looking at major indices like the sp500 of the nasdaq as well as individual stocks and cryptocurrencies Don't know so much about altcoins Can't say that exactly, but I think for bitcoin, uh, it it holds a lot of weight And last but not least when in doubt zoom out always consider the macro trends and their weight no matter How short a time frame you're trading in? Okay, and that's again why as much as I like, um, You know these kind of discount ranges here the trend has generally been downward right now So we need to get that close above this range here that signals were more likely than not to get this kind of breakout higher These kind of major volume candles, uh, excuse me not just volume the actual price returns All right over, you know two week period where we have a great, um buying opportunity down at this range of this discount territory All right, so again When in doubt zoom out don't get too caught up In the short term of trading I'll get back here to the four hour chart All right, don't get caught up too much trading in this range here and focusing too much of your portfolio or your attention on this Uh, especially when the trend on the longer term starts to change Okay, so uh, yeah, that's basically it for the presentation guys. I appreciate you all give me some time to go over I would love to dive into some questions And uh, hear any feedback from you guys kind of dive into things, but um, but bruce, did you have anything you wanted to chime in on? Um, yeah, I mean, uh, many many things, um, really, um, a fantastic, uh, higher time frame outlook, uh, and um, for a lot of traders that attend our daily webinars, uh, just note how Uh, nick is looking at higher time frame market structure Uh, and how often he he mentioned that and how important it is to him Uh, and then he's kind of zooming in, uh, with, uh, you know, using some of these indicators, uh, using order flow Uh, using, uh, cumulative volume delta along with this new liquidation indicator, uh, to start to understand and gauge the momentum in the market so And until then, uh, you know, he's he's looking for, uh, can this trend continuing But on the lookout for something else at these specific price levels really, um, uh, it's it's it's very much the same thing, uh, nick that we go through Um, basically every day, uh, in our webinars just, uh, much much higher time frame much more zoomed out, uh, look Exactly. Yeah. One thing I wanted to kind of point out bruce exactly as you mentioned, um, you know With those longer term time frames It kind of starts to expose What the whales are doing, you know, people commonly talk about like, you know, the people who really drive the market and I think what's so great about this is that, um, again, even if you are a short term trader and you're trying maybe for example, um, You want to short the market or long the market Knowing that broader trends and also as well, um, when momentum is starting to stall and where you should start to lean more actively bullish or bearish That can be so much easier when you start to understand these kind of, uh, these patterns of I know people I've started to talk about a lot more over the years because it has played out very commonly in crypto over these past few, uh, years Really since 2021 And that's like why cop distribution and accumulation If you can start to understand how the kind of, uh, the composite manner these larger players in the market how they will set up, um, declines and also ascensions in price because of the fact that they're getting rid of positions or accumulating It makes understanding where the market's going to connect so much simpler Um, and it can again be very important again, even if you're on that short term time frame, uh, you know To make sure that you're you're not going to get uh, effectively call with your pants down and stuff And the trend goes completely the opposite way and stuff. So always zooming out I think is is so important. Um, and I think again, uh, how it plays out here is you can do your technical analysis on trading view And look trading view is great But the biggest problem here is that you don't have the diagnostics to really Dive deeper into it when those longer term trend reversals are happening If this liquidation tracker really gets up into the upper double digits Like over the next coming hours And when we could really seriously be looking at a breakout above this channel of resistance And have a really stellar double digit move for bitcoin over the next few weeks I'd much rather to be completely frank capture that move Ride with the momentum in the trade, you know, very limited ask resistance on the order book Healthy levels of leverage And ride that wave versus trying to trade in this channel for so much time and stuff Like if if the market gives me this opportunity I'm going to take that above all and stuff and ride with the momentum and not try to fight it until I see that stalling of momentum and I start to see the divergence too many days where How the liquidation tractors is starting to deviate from price as well as the market would float the cvd Then I'm going to continue to ride that wave Yeah, that's a really interesting study there that you have with cumulative volume delta and the liquidation indicator Starting to gauge that momentum versus the liquidations So, you know looking for that short squeeze looking for the acceleration in some of those areas Yeah, it's you know, you're you're overlaying We we know that they're going to be You know liquidations up at some of these areas here But how is that comparing to the the cumulative volume delta? In the overall kind of picture here And exactly. Yeah giving a really good insight there And and so far so good. I mean this looks like you know, it just wants to continue Exactly. Yeah, I mean the the volume dots are overwhelmingly green here And that's again kind of demonstrated and I was you know, for example, I can share for example like earlier on Um, I was starting to notice that the the cvd was starting to kind of neutralize out You've got as well the liquidation tractor Um, and the thing about it here is that like even if you wanted to set up like a short setup already The reason why I wouldn't have at this point again As we talked about in the slides and stuff I think the thing here is that We didn't really see a decline in these values here All right, we haven't seen market would flow really decline. It's just been sitting kind of sideways here So I wouldn't try to set up a short off this range here But if I started to see you know, a significant trend reversal here Similar to how you see divergences maybe in like the the rsi against price That's when I would maybe start to set up a short position because you can Start to get these continuations here. It just sometimes takes time And I bet you've probably seen that bruce where again like the cvd can just kind of push sideways for a while And that also can be a sign that there's probably something coming upwards soon because If you've had a lot of buy side pressure and you're not seeing sell side follow through Then you're likely going to get a continuation hard. It's just going to start chugging higher Until you really see that cvd decline Yeah, exactly and then Your insights on the divergences of not only cvd, but divergences of liquidations really interesting Kind of layering There as well because it makes sense. I mean the market will probe and test higher into certain areas And then it probes again and doesn't find the liquidations nor does it find the volume For that continued momentum the market's telling you something here Exactly Yeah, very cool. Let me let me jump into a few questions here Let's see. Marvin is asking about the different data feeds for altcoin derivatives Marvin we connect to 21 different Crypto exchanges, so please go to bookmap.com and you can click on the toolbar there connectivity that'll that'll take you right there Let me know if you have any other questions And then back in discord here. Let's see I think there was a question here No, I didn't see one in discord. I'm sorry. Um Okay, no, no that it's uh Uh, quite clear. Uh, nick so clear. I don't think we we have any need for any any questions here Very cool. Yeah, I I think maybe one thing I could do here Is talk about there's actually one other setup that I I think I talked a little bit about earlier Maybe I could dive into just a tad bit here um What I really like here again about multi book Overall compared to any tool that I've I found on the market Is that again when you have this aggregate order book It can be really really good in order to understand here when you're going to be facing some kind of waves of Both support and resistance on price So I kind of try to get out of the noise of of kind of the market makers the kind of short term It's kind of a shorter price range Areas and stuff and I like to look for kind of the big bids or the asks on the order book You're going to zoom out here. We can see highlighted ranges here where you've got a lot of bid side support Um, you know, again not as much here on the short side as you've got for the bids You got a substantial buyer down here, uh down here. I think around the 20 $7,000. Yeah, exactly. Yeah, so like what what you could do there again as well is sometimes for for short term trades If I find that that that range and stuff has been holding for some time and a seller isn't you know There's not a lot of sell side momentum price kind of gracefully comes down to that range We're not getting a lot of sell side pressure I'll set a nice like bid in this case or a nice like buy order around that bid on the order book And effectively have a really nice tight stop below that range. So if someone really fills that bid on the order book or Worse off if it turns out to be a spoof, you know, in this case, there's uh, Effectively someone just putting a 400 bitcoin bid on the order book and they don't plan to get it filled Then I've got a really limited risk profile I've got effectively this kind of wall to protect me from my order It is important to understand though, um, that again all the while This is something that's uh, that's beneficial for me as a trader I have to understand again that this is probably across a variety of exchanges So you don't want to set your stop like right below it You probably want to give it enough range where arbitrageers will protect You from getting liquid in in that case they'll take Advantage of the difference differential between those exchanges So I think that again if you ever get price up in towards these really big bid walls This one is kind of an anomaly here It's usually not this kind of big But if you do get these kind of anomalies where there's a lot of bid support as well as resistance Or if you're placing a short it can go both ways. Um, so I think that's why again I know some people always talk about the order book can always change and that is true But again, it at least gives us an opportunity to potentially have some really nice low risk high reward trade setups so Yeah, I saw that you had multi book up and I'm glad you mentioned it Uh, for those of you who um, don't know this is another uh Bookmap tool that we developed and uh, uh, it is actually you're looking at here four different or i'm sorry five different Exchanges all within one instrument. So this is a synthetic instrument But it is btc usd from bit stamp bit finnex coin base pro ftx and kraken So, uh, this allows even more transparency. You like nick was saying, uh, the individual Exchanges you might not see some specific liquidity there Whereas in this product, you're going to get a much more objective view Yeah, exactly on that point that bruce was mentioning like why for me This is like a holy grail of like market insights Is because I mean if all the while it doesn't aggregate every single exchange in the market You're getting I would say well over 50 to to 60 percent maybe even more of the dollar based liquidity trading between Coinbase pro ftx and kraken and then kind of the legacy plays like bit finnex and bit stamp I mean that's really deep levels of liquidity for tracking bids and ass on the order book market order flow And I think the biggest problem that people can get caught up in You know when tracking volume And also as well like there are sometimes ways where you can get this kind of market day like the cvd The problem is that you're just looking at one exchange So it doesn't tell you the full story you could get someone I see this all the time for example I love looking at bit stamp for its price history But bit stamp isn't as liquid or is actively traded as coinbase pro or kraken And because of that I could see someone put in a 100 btc buy on bit stamp just because it's the exchange they use And that can completely distort my view about what whales or larger investors are doing Are they really full mowing in and that's where again multi book I mean, it's just such a powerful tool and how cvd here is one of the truest metrics you can use to really track market order flow You can see that across multiple exchanges here Buyers were coming in big time and driving up price and that materialized, uh, you know about $2,000 premium Just over the last 24 hours. So Yeah, yeah, no, it's it's great stuff It's a it's a really powerful tool to be able to have that kind of transparency or objectivity Just so everyone knows at the moment here the Multi book product here from the five different exchanges does not offer the new liquidation indicator, but it will in the near future So be on the lookout for that to even you know find, uh, you know Uh more, uh kind of correlations or, um, uh, you know Adding in even more exchanges in here to get, uh more objective view on what's actually happening with the liquidations Yeah, it's funny you mentioned that bruce. That's like I I know I was I was talking to you and the guys about this I think that is going to be A major opportunity here to be able to track liquidations across All like all these major exchanges here. I mean, especially with the the rise in prominence of ftx Um, I mean again, if you wanted to do this for dollar markets, uh, you know, you know, btc to tether Uh being able to have that that kind of multi book measured and stuff across those markets It's going to be incredibly powerful and tracking liquidations along with that Um, because I I know it's it sounds like harsh. It sounds conspirator and stuff But I mean these exchanges, um, you know, they make tons of money when people are getting forced out of positions And it's why you should never be over leveraged always have additional collateral on standby And trade within reasonable levels of margin if you're going to use it Learn the downside risks and really only enter in during those optimal periods of time It always if you're going to be trading on shorter term timeframes have reasonable stops so Yeah, that's always excellent advice. Um Uh a few a few more questions in here, um about the multi book. Um, and um, uh, was there a plan for custom Multi book we already have that in fact that was that product came first Uh, and then we actually you can see here the symbol it says btc usd Uh, and then sp stands for spot mb stands for multi book and then at bmd stands for book map data So in this sense, we are actually the data provider that we've combined these five different exchanges together Into this a synthetic instrument Uh, just go on our youtube channel there. Uh, and and uh, Hendricks, you'll you'll find the, uh There's two different multi book products. Okay, this is the book map data product And uh, you can customize any, uh Anything any book that you want, uh in there, right? So, uh Already exists. I would in fact, uh, it was the first one that existed Uh Disco, um, yeah, you can change you can trade from any of those exchanges if you have an account Uh from those 20 different or 21 different exchanges that we offer, uh for cryptocurrencies Uh, and then, um, let's see. Um, uh, nick, uh, valcro is asking how do you distinguish Your order walls? Uh That are fake. Uh, which ones are real so you can identify support and resistance levels No, it's a great point. I mean And this is again where I think multi book comes in handy because it's very rare that you're going to see this happen across Like first off, we're we're taking a look at like, you know, the liquid you pretty much the most reputable exchanges in the space Um, and you know order spoofing all the while and and uh mark. It's generally is I mean, I don't want to be too harsh and stuff spoofing can be seen as a large into a large degree of crime in this case So you don't really see as much of it. Um, I think is as it's claimed to but There is some people. Yes, who are are adjusting the order book You do have algorithms that are adjusting in the market Uh, but I would say using multi book helps to give a more clear view here because You're able to really spot here bids on the order book that are set really for those ranges people waiting for lower bids on the order book and Seeing it rather than just on one exchange, but across multiple exchanges can be really helpful Um, and again, no matter what here, let's say for example, like we can take this example for a moment Let's say that this huge bid wave here, uh, of buy orders That's roughly around like a little over 400 bitcoin and then again expanding around that time that price range You've got another hundred in each direction Let's say for a moment that this is all fake that this person does not want to actually get these orders filled We can just simply wait for an entry here Down when price again comes down here. It gives us the favorable setup. I like declining momentum here I like seeing that the bid is holding for a long period of time that it isn't evaporating off the order book right as price enters towards it Um, and so long as you have price holding there for some time at a tight stop You can really mitigate your risk profile The exchange will execute on your stop if you have it put in Uh, the mistake that people make here I think is that a lot of people will will go down here with the assumption that this is not going to be broken This is a real bid and either someone really does sell 400 bitcoin Or that person removes the order from the order book and immediately either traders themselves are going to sell Or if someone's selling 400 btc, they're likely not the only one selling 400 btc It's going to continue through And there's not that perceived support there was but luckily you can have your stop set effectively and You know basically get out of your position to protect yourself at that range So yeah, I would say again There's there's no way to know exactly who is who on the order book and whether or not they're going to remove it Anyone can change their eye They're in a decision at the last minute But I think stops are really the tool to help protect yourself in utilizing Order book setups and more specifically multi book here is what can really help to filter out the noise And again, see whether or not like, you know these kind of short term adjustments that are moving and the order book are really real or not So again, yeah, I would like I said, I don't really use the tight range here of the heat map and the order book I really like to focus on you know zooming out here Seeing on a highlighted basis, you know, where really the potential setups here We might have some more down here But right now the big one here is 27 000. Someone's got a real big bid there So that's really again. It's a setup. I don't use as frequently as simply using CVD Or the liquidation tracker, right? And that's again, we're all hop over As bruce mentioned the liquidation tracker isn't available for multi book yet Now what I do like seeing here, you know as we're kind of live here on the call I like seeing that the liquidations we're starting to get some an overwhelmingly large number amount of up short liquidations now Um, this is me long liquidations. My apologies. So you're starting to see here a bit of divergence Even the price is still kind of holding on the upper trend here Where we really almost might have just seen a blow off top here in liquidations So what I'd want to see is really a kind of sideways push here And then eventually decline in both CVD and liquidations and that could be your sign that we're going to reverse The market order flow. It's going to turn negative price would go down and we would come down towards that I'll go ahead and get here on the shorter turn time for him That we would have a chance to come down here back Down towards the lower band here and make a short entry if we fall below this line But I'm not rushing into it yet. We just entered into this price range I'm going to wait to get more price action before I do anything but just again something to consider Right and then take a look at your cvd in that as well Exactly and and you know, you can see that cvd is flat line basically So the market's probing is finding these you know by liquidations Or the transaction is sell side, but you know, you see the liquidation indicator drop But you got some nice divergence there with the CVD and liquidation indicator So lots of things to look at here. Nick one of the things I really like About what you're mentioning here on some of these higher time frame outlooks Is you're talking about risk management within them? This is something really really important and how you're Combining those into a kind of cohesive plan for yourself. And that's that's it That's trading. So it's Really good to see this on You know on any time frame You're very aware and looking at how you're going to manage that trade Thank you, Bruce. Yeah, again, I I can only say like I've learned it. I think it's every trader does you learn it the hard way Trading and markets and going through a couple losses and I think I mean even as you're you're mentioning here, Bruce Like this is like a prime example here You've got a lot of people filling in longs going leverage They they see the market momentum and they're thinking oh my god. I gotta I gotta go all in 20x 10x leverage or something And that's really been the mindset in this market here because a lot of people are revenge trading in both directions Both short and long and look at this who's winning, you know right now It's the exchange the exchange has just walked away with within this past I think it's about past hour hour and a half I mean just on finance that's over 11 almost nearly 11 btc of liquidations And price is back right where it was before So I think again having exactly as you emphasized earlier. It's so true like having proper risk management Is the most important thing you can you know have a strategy that You know six percent of the time works Even one that 70 percent of the time works But the problem is that those 30 or 40 percent of times that you lose If one of those trades ends up losing everything if you don't have proper stop setup If you're not entering in at a favorable uh on a favorable direction to the trade and the long term scheme of things Then you could really face some traumatic losses in the market And I've been through that time and time again with equity markets and have experienced that through bear markets and crypto And thankfully have made kind of adjustments to my strategy to make that happen a lot less often Yeah, really really uh, uh good stuff putting those two together is is really where you get the traction Um, let's see a few more questions. Uh, um 83 madden Yeah, I guess uh, I haven't been looking at directly at binance there, uh spot But uh, you say there's over 2000 coins there yikes at 32,000 Uh, oh wow And uh, Hendricks, uh here does nick have any specific days he trades on i'm actually following Tino from traders reality. He will be presenting later. Uh, we we hope on friday actually so um, just to let you guys know about that. Um Yeah, it seems tuesday wednesday thursdays are more liquid days in the market So yeah Yeah, it's a good question Yeah, so I I don't um short term trade like too much nowadays, but if I am going to do a short term trade in the market Whether it be, um, I mean equities are kind of forced to do it during the weekdays. I'm the same with crypto Um, I I genuinely think uh ironically enough That the weekends all the while there can there can always be opportunity in the market Most of the volatility, which is what a trader trader thrives off of is going to come from the weekdays Especially I think the opening and the close of the weekend So mondays and fridays and outside of that I think it's uh, the the ironic factor about it is that on the weekends You really should have some time off from the markets because you already know that most of the market is stepping away Whether you're a long-term investor or short-term trader Um, I think that's really an appropriate time to step away from the charts because there just isn't much volatility Not to mention if there's not going to be much volatility Like other traders should probably take some time off just to step away from the charts a bit of a a weird perspective I know but I think it's um, yeah, I mean honestly If there's no profit potential if price is really showcasing no trend you don't want to try trading it They think again the only people who are going to be benefiting there are the exchanges algorithms, uh, who are following a very strict protocol and strategy Whereas in this case, it's just not favorable to day trade. So Monday, friday, generally in the weekdays for the most part, I'd stay away from weekends Yeah, I think that's really wise, uh, to it is great to hear. Um, I mean The especially a crypto markets. I mean you can you can trade at 24 seven You know and uh, now you're gonna lose a lot of perspective by just driving yourself crazy in front of the screens all day long Exactly, but you're having no time to reflect on a trade and then even to make matters worse. Uh, I think, um, you know, for example I'm sorry. I'm drawing a blank there and stuff around it You're you're bringing up a great point there Bruce overall about like, um, the fact that just because crypto is 24 seven You don't always have to trade. Uh, and I think that's the biggest mistake people make is they They want to find opportunities in the market When in reality you should almost kind of look at the market Um as this kind of emotional ever changing mechanism or machine and say, hey until I get the setup I'm looking for I'm not putting up my money Like if you're really doing like trading as a job in this case, you can't treat it like a hobby You can't you know pretend like you're you're going on and you know betting on your favorite sports team or athlete Uh, this isn't a casino you need to come in with strategy I mean you can treat it like that and hey, you might be able to win big But you should be demanding that the market meets to your terms like you would do in a business negotiation Um, and I think that that's um, that's something that's been so true There's been so many times where again, I like when I was in my earlier days of trading I would kind of like hesitate to make a trade and stuff and I would say oh man And hindsight like I would have made so much money on that trade and then uh, you know If I only would have bought that position I was going to buy and then the next day, uh, you know in equity markets I've seen this with like tesla and a lot of companies It's just like plummets all those gains down And you would have effectively ended up in the red. So it's uh, it's really good to wait until you get your trade set up Right, you don't want to chase the market and try to find willy-nilly opportunities and go out of your strategy Um, and that's really where the discipline factor is is so big I know it's talked about a lot, but it's um, it's not followed through enough by enough people Yeah, absolutely. Well well said, uh, in in fact, I mean the chart is this is what I find so fascinating about this new liquidation indicator is you mentioned the casino analogy and Not trying to Be a gambler. Well, here it is right in the charts I mean, this is you you can see the gamblers here They're getting liquidated And uh, you know, you're getting insight to actually how how it is operating Uh, and how the market probes to these areas to to hit liquidations and You know, do you want to be a part of that? Um, or do you want to kind of stay away from that and follow a strategy that You can avoid this kind of uh action here Yeah, absolutely margin like anything. Uh, it's it's a tool, you know, like and I The thing is I talk really kind of negatively about on the channel just for more of the fact for people to stay away from Because even if you just spot trade, um, or really trade within moderate levels of leverage like two acts or something If you can do proper risk management and stuff on and a very very low levels of margin just trade spot You can make great returns. It's um, I think uh, the the truest statement I've learned over the years and to be honest even in hindsight over this past bull market and and I think uh, You know bear market correction We've been going through the biggest lesson. I've kind of reiterated to myself even on my long-term portfolio is um, you know, basically Making sure uh, that when you are planning to make profit in something make sure you've got a proper exit strategy And you know how to actually lock in those returns if you can consist a continuously on an annualized basis make You know 30 50 100 percent And you can keep doing that year after year after year and you're not to protect yourself and not make the make Make mistakes that are really going to end up losing a large chunk of your money That's how you win long term. Um, and I think any of the successful traders. Um, uh, I think mark melanie, uh, As well as one of the ones that I saw recently again He said that quote of like using trading as a hobby versus a career, you know Unless you really build some kind of rigorous structure and you follow to it You're going to be a part of these guys right here where again price really hasn't changed much if you just been long or short spot You'd actually be neutral in your position Around this range anywhere within this uh sideways range But if you didn't do proper risk management, these numbers here represent people who Likely lost huge chunks of their portfolio lost everything It could be that this is maybe a small position for some people and they were uh, some people do follow strategies Where they use 10x leverage or something for very small amounts of their portfolio And that can work. Um, but in many cases exchanges if they get the opportunity to knock you out, they will Um, because it just make they make a ton of money. There's there's liquidation fees. Um, I I'll say this as a fellow content creator And yes, as someone who's got you know sponsored content on the channel and stuff The one thing I don't do is I don't promote leverage trading platforms You know, I might promote an exchange you may offer it like we used to promote finance But I'll never directly incentivize people to use leverage trading or have a referral like because there's liquidation Fees that get charged huge amounts of money They get charged when you get liquidated on either side and the exchanges make bank from it. So Exactly as you mentioned bruce the casino analogy is real And it it's it's a bit sad because it's diverted the trend so much We used to get the smoother parabolic rallies stark declines the 80 percent corrections the multi 100 percent Return bull markets We're just not getting that like we used to And it has to do with this dynamic in the market. We're just in the past You know a couple of hours, uh, you know, this is just finance probably Hundreds if not dozens bond dozens of bitcoin have just been liquidated in the past few hours and that distorts markets To a large degree Yeah, yeah, it looks like uh, uh, dishko agrees with you too. It's been trading spot And had 170 percent returns only Nice via the spot Yeah, yeah, so kudos to you, uh, dishko um, so Nick, um, is there anything uh, else that I don't think we have any other questions anything else you'd like to add No, no, I think overall again, uh, just to kind of reiterate over the slides again, um, Uh, these are the kind of two strategies that I I want to share just in case if you guys want to take a screenshot or Or use it yourself and stuff and and see how it plays out for yourself as well As bruce mentioned, I know nothing is direct financial advice, but this is kind of how I like to use book map Um, and again, this is the more frequent setup here now with the liquidation tracker This is just making it. I think even more informative, um, and again with these uh ways of using book map I always use them in conjunction with, uh, traditional technical analysis Again, I follow as I mentioned here my other tips Utilizing ratios to get other additional market insights to see if a pair is overbought or oversold Following momentum, uh, you know, you get naked trading using support resistance Following what price itself is telling you and utilizing that book map and comparison with that can be incredibly powerful Uh, and last but not least only using indicators on long-term timeframes and when in doubt zoom out, um I appreciate bruce the kind of remarks and stuff the longer term timeframes can just be so incredibly valuable And help you to understand Where price could go next so I think right now we've got some interesting price moments here I I almost wish I could I could stay on longer to talk a little bit about but we might be getting a really nice setup here Uh in the liquidation and cvd tracker for a roll over here We'll have to we'll have to see how it goes over the next couple hours But I want to say I appreciate you bruce and everyone as well Let's sit into the stream for for give me some time out of your day. I hope it proved valuable Oh, absolutely. Yeah, thank you very much nick. Um, really really nice stuff and uh Really love this higher time frame outlook I think it'd be so helpful that a lot of lot of traders, uh, a lot of times they kind of lose that uh Outlook uh and keep really keep some in line um, so uh, I I've put into the chat, uh, your, um website nick as well as your data dash youtube channel Uh multiple times here. So if you guys are interested, uh, and you haven't heard of nick before You can follow him there. Uh, and uh, uh, let's see nick if you don't mind. I'll just go over the last, um, slide here And uh, just show my um, hold on a minute. Okay My slide All right, so sorry about that guys Um on these special offers. So, uh, this is uh something that we're offering just during this, um A crypto webinar series all week Uh 30 off for any new subscriber. Okay. You have to be a new subscriber. Please use the code. This is good until June 13th. So, uh, end of the week here Sunday, uh, and uh, yep crypto series 30 off is the code Put that into your subscription from bookmap.com and then in the, uh, Discord special events room, uh, if you just type in cws Uh, then, uh, you will be, um Entered into a free chance to Win global plus for one month Uh, every day we're going to do this. So, uh, give it a shot And you just need to jump over to that hashtag special events room within bookmap And, um, uh, we will notify the winner. Okay, so, uh, anyway, um Thank you very much nick a pleasure. Uh, and, um, some excellent stuff Thank you, Bruce. The pleasure is all mine. Really appreciate you guys giving me the time and uh, good back and forth conversation as always Okay. All right. Take care Take care. Bye. Bye. Bye