Good evening guys…Straight up…STUDY THESE IMAGES…Below is my understanding of the Bookmap so far…I have tried my best to simplify this so that you guys can understand it…Dont be overwhelmed if you are new…I will be exploring this more so you guys can get up to speed…To all the heavyweights and the guys who have been following the hybrid…Bookmap might just solidify everything for us…
So this evening I saw an interesting zone in the bookmap that triggered my attention and as a scalper…I was compelled to Trade it…
So here goes….
You may need to download the images and refer to them guys.
Let’s go…
1st Image…”BTC BOOKMAP RESTING ORDERS”
We understand that the market maker induces traders. Now, remember, all we know about limit sells and buys is just that…They are limit orders…Who owns the limit orders…Liquidity providers. Who tries to jump on to those same orders and zones….Retail traders…What do you have,….An influx of orders in the charts above and below…
Pay attention to the two zones in the chart…The first is the top Bookmap Resting orders zone, which shows the big red stopping volume candle and wick…with the previous pools of liquidity next to it ( green vectors)…The second is the stop hunt low, which recovers the previous vector (wick zone above the Bookmap previous Orders zone) Then the red vectors get recovered and bitcoin flys..
Next image…
RETRACE BOOKMAP – This image shows you the breakdown of price in bitcoin…Whats interesting is the bookmap that shows the Red Boxed areas with liquidity that has previously been placed and is still live in the order book…The principle is if the market maker sends price back down their, will he trigger the limit buys to step after he has absorbed the profit from the shorts (and building of longs on the way down) to mark price back up again.
Next Image…
“Confirming the Support”
This is the moment bitcoin initiated the stop hunt low and came back up…Notice how the blue circle area in the Bookmap shows two things…A small W formation in the bubbles. Can you see it?
Secondly in the blue circle area, you can see the previous Limit buys in that zone. Are these limit buys made up of longs from the red vector candle that triggered the limit buys to get the price back up again? We make the assumption that if the price comes back into this zone, with the help of the hybrid, we can gauge as to whether or not the price will hold that zone and bounce back up…So in this instance…We take a trade….Which is exactly what I did…
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“Return to Liquidity” – In order to Understand reasoning for entry…Why did I take the trade? What reason did i have to believe the price was going higher? Look at the Purple outline covering the Orders that were sat at the highs..Look left of the chart, you can see red orders (high liquidity) that were live in the market…On the right side were high liquidity orders ready to be filled…
If you notice the coloured numbers green and red…Pay close attention to “191” – Notice how price came back down to this zone and moved away from there…The basis of this happening is the limit buys came in again at that zone…which resulted in price rising.
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“BTCUSDTPERP” – One of the reasons was Market structure…We had clearly been holding this zone for some time now. The Big red vector candle was insight…What was bitcoin doing…?
Well if you recall the Post “Where have we seen this before” in the patreon you will notice a little clue at the end …..”62500″ Now Bitcoin on this pump, achieved on binance 62177..So i was $323 away from my projection…I will take that…In that post what was it that was the focus? The sentence ” What do you see more of that appears aggressively” – Why is this important, because the last pump down that hit the 59500-700 zone was the aggressive move to the downside to slap up all those limit buys, (market maker going long) whilst inducing the shorts….Funny thing about the past…We always see it in the future…
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“Btc Lock Profit” – The entry was taken at 61160 and closed it at the 61888 zone…I thought I would lock that in anticipation of price going back up, which is what it is doing right now…
Happy days…
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“Return to Liquidity result” – As you can see with the Book map, the first image “Return to Liquidity” saw that the orders above were pending to be filled…Notice the top right corner you can see the word “Book and Vol”… Notice how there was more Red than green in the bar reading…This was a sign that there was an imbalance starting in the chart…Which favoured the limit sells wanting to get filled…
I hope you can understand the story of this move by bitcoin…I have spent the last 4 days studying this platform and I will be documenting the whole thing where i believe it will serve you guys…
The Hybrid System just got that little bit more interesting…
Mad Love Gang…
T
