Ok….this hands down is a perfect example of a stop hunt rise drop…on Exo charts…
let’s break it down….
1) Look left…the “Time” reading shows prior to bitcoins rise each tick candle was taking around 2-4 minutes to complete…
2) Then as we see the price rising we can see that the “time” for each tick drastically reduces and prints in seconds…This is where we start to pay attention.
3) look at the delta…It is rising trying to lure the longs at the same time hitting the shorts liquidations…(freeing up liquidity)
4) Notice at the highs – there is one green bar that shows “95 net longs” in the chart above the shorts…This is where traders went long…(poor souls)
5) The first delta that finished negatively, was the start as it finished within 17 seconds…Was this the start of the move down…?
6) then they release and print the ticks at speed yet again and bring price down lower…
7) Notice the grey bars in the net longs – closing their positions…those who held…well you know what happened to them.
This is an example of how we can translate Exo charts…Of course, you would have to be very quick with your decision-making…The utility of Exo is designed to help us make those day trading trades…You are fast in and fast out…
You must be ok with being impulsive with your entry and exits…
I hope that brings some light for you regarding how to try and exploit exo charts.
Mad Love Guys
T
