Time Frame- 15 to 30 Minutes, supported by the 1 minute.
Try it as an Exercise 🔥
(Strategy is in Tweets 2-4)
2. Go to 15/30 mins TF
1. Mark key levels to form a range. 2. Find Previous consolidation/key support zone 3. Wait for Dump halts around key support zone 4. Establish range on 15/30 mins TF
3. Next, drop down to lower TF.
5. Look for largest sell volume candle near range low
6. If price reclaims range in the following candles, look for a long.
The selling stops when Price up move confirmed on the lowest volume.
This could mean there's no more forced BTC to sell.
4. Conclusion.
1. Look for range. 2. On deviation dump, look for cessation of selling via volume. 3. Long that deviation. 4. Use 15-30 TF for range forming and 1 minute candle for confirmation of selling cessation.
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Data about trigger levels can add confluence of High probability entries.
Understand Liquidation and use it for Better entries.
A Thread.
Liquidation-Forced close of Leverage Position when margin is not enough.
We will be looking at data from Coinalyze or Glassnode Futures liquidations, and open interest.
Add Longs liquidations and shorts liquidations indicators.
Liquidations are indicated by red for longs and green for shorts.
A typical strategy when we look at liquidations is reversal trading.
Many traders look for a long liquidation cascade and then buy the Dump once the cascade looks over.
Let us understand how to use the OBV indicator to Gauge the Momentum of a trend.
A Thread.
What's OBV?
On-balance Volume uses volume changes to showcase the Trend strength.
Calculated by 1. Adding the volume of the candle to the previous OBV value if the price goes up. 2. Subtracting the volume when the price moves down.
Formula for my Nerd Kings.
Let's say Price of Bitcoin is 100 Dollars.
The Current OBV is 50.
In the Next Candle, Price Goes up to 105.
Volume in the next candle is 10.
So the OBV will Be 50 + 10.
10 is added Because Price is Positive in the current candle.