Compared to traditional futures or forex, one of the biggest advantages of trading crypto is the transparency of data.

Data that often costs hundreds of dollars per month in traditional finance is available in crypto for free or at a fraction of the cost.

This thread will cover one of my favorite tools—the order book data.

/cont what is order book data

Simply put, order book data shows the orders that are currently resting in the order books.

One of the most popular uses of this data that I’ve seen over the years is heatmaps.

These charts visualize limit orders directly on the price chart, often using gradient colors to represent the concentration of resting orders at different price levels.

In my opinion, while heatmaps can be useful at times, they tend to draw too much attention to individual orders, many of which may just be spoofs—orders placed with no real intention of being filled.

Open interest can provide valuable insights into market positioning, but I often see it misinterpreted online.

This thread will break down everything you need to know about OI in a quick and straightforward way. Open Interest Definition

Open interest does not mean that people are openly interested in the market. Instead, it measures the number of outstanding contracts in a given market.

In other words, it tracks the positions that are still open and have not yet been closed.

In the simplest terms:

Open interest increasing = traders are opening new positions.
Open interest decreasing = traders are closing positions.

The biggest mistake I often see online is the claim that markets move because "there are more buyers than sellers."

This is not true. For every buyer, there must be a seller, and vice versa, meaning all positions are always matched 1:1.

So, why does open interest change if every trade has both a buyer and a seller?

The reason is that not everyone in the market is trading directionally. Delta-neutral participants, such as market makers, do not speculate on price movements—they simply provide liquidity.

Because of this, you can think of open interest as a measure of directional positions in the market.

As with most aspects of trading, order flow has been heavily over-marketed over the years by many as a so-called "hidden grail" that will unlock secret insights and make you profitable overnight.

This often comes with absurd price tags and overly complicated explanations.

This thread will teach you the most important concepts of order flow trading in just a few minutes. So, what is order flow trading?

Simply put, it is the study of the relationship between limit and market orders.

Most of the focus is on market orders, as they are the ones actually executed in the live market, while limit orders often act more like advertisements in the order book.

Over the last few years, there has been a significant shift in Bitcoin market participation.

The BitMEX era of wild volatility spikes and relentless stop runs is long gone, replaced by a market shaped by more sophisticated participants.

This thread will cover tools that can help you make more informed decisions across emerging derivatives—some of which you might not even be aware of. Commitment of Traders

The COT (Commitments of Traders) report is a weekly publication by the CFTC that breaks down the positioning of different market participants in futures markets, this report can give you valuable insights into the positioning.

In Bitcoin futures that are traded on CME, the main participants are:

Commercials (Hedgers): Institutions like miners and large firms using futures to hedge price risk.

Non-Commercials (Large Speculators): Hedge funds and asset managers trading for profit, often trend-followers.

Non-Reportables (Small Speculators): Retail traders and smaller players who are not required to report their positions to CFTC.

Orderblocks are probably one of the most popular and over-marketed concepts regarding price action trading.

Supply and demand zones, orderblocks, bases, clusters and millions of other names are floating around the internet, usually hidden behind the paywalls.

This thread will explain everything you need to know about them so you can start using them in your trading without paying for anything. First, there is absolutely zero magic voodoo manipulation reasoning why prices react from these levels.

The market is going up from the demand zone and down from the supply zone because large traders that move prices accumulate their positions slowly.

If you want to accumulate a significant position, you can't just buy or sell wherever you want; you need to do it in an area with enough liquidity to avoid slippage.

These liquid areas are often seen as sideways price action where there is enough two-way auction (plenty of buying and selling).

One of the most discussed and used concepts in discretionary trading is liquidity and evil market makers' consistent hunt for stop-losses.

The concept of liquidity is often overblown to make it much more interesting and usually just straight-up false.

This thread will explain everything you need to know. Although liquidity is often associated with stop-losses of other traders, this is false.

Liquidity stands for the resting (limit) orders ready to be filled.

We can see them in the depth of the market (DOM) or through tools such as heat maps.

Stop-losses, i.e., stop orders, are not visible inside the order book.

Tools such as liquidation maps, which have become very popular in recent years, only work on assumptions about where stop-losses and liquidations will be placed rather than having the actual data.

Bitcoin long trade breakdown.

I don't day trade anymore, but occasionally, I have charts open when doing something else and see a great trade opportunity. I follow the simple principles I used to use when I day traded full-time a few years ago.

Today was one of those days, so here is the complete trade breakdown.

/cont First of all, the proof of trade, so this is not just a Tradingview R:R tool larping situation.

As always, I took the trade on @_WOO_X; you can see the entry and exit on the first screenshot.

This trade ended up with a profit of about 3.5R

If you are looking for a place to trade, you can check out Woo here:

woox.io/register?ref=R…

Yesterday, I posted a list of all the indicators I am using (), and I got many questions about asking one in particular, the Net Positions.

So, instead of answering one by one, here is the complete thread on how to use it.

/cont tradingriot.com/indicators/ Before we get into things, this thread is sponsored by @HelixApp_.

They are currently running a trading competition where you can win a G-Wagon and other prizes.

Although I am being paid to tweet this, the trading competitions are great for everyone wanting to trade and win prizes.

You will find out more about it at helixapp.com

complete guide on finding trading opportunities in cryptocurrency derivatives

wanted to do this thread for quite a while and finally have some time to do so.

i will share my favorite systematic ways of finding new trading opportunities for both day and swing trading

/cont before we get into things, it is important to realise that finding a trade opportunity is just the first part of the puzzle.

the key is being able to structure an actual trading idea around it.

I cover my approach in free blog and tradingriot bootcamp

tradingriot.com/bootcamp

I generally try not to use the word "alpha" much because I find it extremely cringeworthy when people talk about "alpha" on Twitter, but after trading literally the same thing over and over since January, these have proven to be extremely reliable.

In ranging environments, look for situations when spot order books are heavily skewed on either side (bid at range lows/ask at range highs) and pair it with either an extreme amount of positioning (people about to puke) or a very low amount of positioning (people already puked).

I traded all of these on BTC, ETH and SOL, and of course, fucked up execution on some of them (I went in too early/got shaken out etc.), but we don't disclose that n the internet.

Before you ask, indicators are available at @TRDR_io.

The last SOL trade shared two days ago

https://x.com/abetrade/status/1817941821382688878

Since switching to swing trading, I have spent much time making my trading as systematic as possible.

Here are some of my favourite indicators for swing trading Bitcoin and altcoins.

I will explain what they represent and where to find them in this thread.

/cont First of all, nothing works 100% of the time.

You do not want to rely solely on one indicator but instead, combine them and look for trade ideas when they are in confluence.

I created a systematic approach that takes me approximately 30 minutes each day.

Most importantly, you need to be able to form actual trade ideas and execute them.

A lot of what I do is covered for free on my blog; alternatively, you can check out the Bootcamp, which goes through the whole trading process.

tradingriot.com/bootcamp

Many people are enjoying the trade breakdowns, so here is the full breakdown of the ETH trade I took today.

These go to my journal, but I share them here every once in a while as well.

/cont When I am day trading, I do not really care about specific timeframes as I think they are not relevant, and the only important thing for me is where the market is trading in the context of the large composite profile.

ETH had a strong directional move into high volume node so as long as it stays inside, I was expecting a slower rotation for the day.

Every time I feel like crypto Twitter is a sad and desperate place, and it can't be any worse, I head over to forex/futures Twitter for 10 minutes, and I'm beyond disbelief that it is 2024 and ICT is somehow still the main character with an army of delusional people following him.

At this point, there are a billion variations of ICT/SMT names and strategies. It is pretty hard to keep up, but here you have a little thread on one of the most popular Orderblocks and the actual explanation of why they happen and work in trading.

/cont Before we go into the thread, I had a stab at this almost 2 years ago on my blog, where I broke down all the popular price action concepts and the logic behind them; you can read it for free here.

There is also a video version for those of you who are lazy.

tradingriot.com/smart-money-co…

Detailed guide on finding opportunities in crypto derivatives (and spot) markets

It's been a million years since I have done a thread on this cursed platform, so I figured it would be nice to farm a little bit of engagement for once.

Here is the complete guide on platforms I use to find trades with examples. The platforms we will talk about today will be @laevitas1 and @MobChartCrypto.

Both of them are free, although, for Laevitas, I recommend you get a premium subscription as it will allow you to use filters and make your life much easier.

For charting the coins use @VeloData, they also have some of their own screeners if you don't fancy paying for laevitas.

(this is not sponsored by any of those platforms)

List of completely free orderflow tools and resources for trading crypto

One of the cool things about crypto is that a lot of stuff is free and opensource, compared to tradfi, where you usually pay hundreds of $ per month.

Here is a thread of some cool things I like.

/Cont Velo @VeloData

I'm sure everyone knows Velo by now.

The platform is currently completely free, and you can use it to Analyze Open interest, Funding rates, Liquidations and other perpetual data, but also look at options data and specifics of different altcoins.

Something that I tend to get asked a lot is how I pick up the altcoins (read ponzischemes) to trade.

So here is the list of some of the things that I look at during each trading week.

/cont
/thread
/boosing my $15 twitter revenue 1/ Open Interest

Looking at changes of Open interest is a very easy and quick tool to reveal the popular coins.

Some of the best tools for it are @laevitas1 (paid feature gives you access to filters (my favourite), @VeloData or @coinalyzetool.

I liked this tweet yesterday as he described several things that when used properly have ev+ in trading.

I have a bit of time, so let's elaborate a bit on these strategies

/cont
/threademoji
/twitterrevenuefarming First of all, although these things work more often than not, they rarely work only by themselves.

In other words, all the trades you take should be well thought out and have several factors of confluence rather than looking at one single thing.

I am happy to announce that the indicator I worked on with @leviathancrypto is now live on Tradingview and completely free.

Here is a short thread on how to use it.



/cont https://t.co/mBC3KVJtwNtradingview.com/script/lfbSiHI…
Indicator colours the candles based on three conditions.

High volume, low volume and churn bars.

This is a "simplified" orderflow that I have been using for ages.

It is originally inspired b Emini watch https://t.co/ehuTTsb2caemini-watch.com/free-stuff/vol…

When I talk about legacy markets, I get DMs from crypto people about what exchange I use, and they always end up bringing two crypto CEXes that allow trading forex and legacy markets.

They are PrimeXBT and Bingx, and here is the thread on why you shouldn't trade on them.

/cont Before we get into another thread from the category of "Reasons why Adam is never getting 6 figure exchange sponsorship".

I don't do this to stir any drama. I just have a little knowledge of how legacy exchanges should work, and I'm tired of answering people 1-by-1.

Rollbit talk again on the timeline with people on the internet that make money buying and selling ponzi schemes arguing about morals of shilling casino.

Here is a quick thread that explains the actual issue of why shlling Rollbit (and other exchanges) is actually bit scummy.… twitter.com/i/web/status/1… In forex you have two types of brokers with A and B book models.

The A Book gives users DMA (direct market access) which means your orders end up in the real market.

B book models stay in house and brokers trade against their customers, because at the end of the day 80%+ people… https://t.co/qm4W3qvUSAtwitter.com/i/web/status/1…

I see so many ICT/SMC traders pop up on my feed everyday.

One of the main concepts are orderblocks, which are supposed to be the levels that "smart money" use for buying and selling.

let's make a quick thread on these things and why they tend to work.

"instert thread emoji" twitter.com/i/web/status/1… First of all, what is defined as an orderblock.

It is consoildation (last opposite side candle) before market makes a significant move to either upside or downside that breaks the market structure.