ANTICRIPTOVENGANZA

ESTIMATE ORDER FLOW TEMPORARY FRAME 1 DAY, 4 HOURS 1 HOUR XBT

Short
BITMEX:XBT   Bitcoin
Greetings Retail Investor, we will give an estimate strictly from the perspective of the ORDER FLOW.

TEMPORARY FRAME 1 DAY

If we revise the CVD (CUMULATIVE DELTA) in 60 periods, we note at this time that the downward price trend continues, with an absorption zone, before this there was a "downward divergence" which already indicated an exhaustion and we indicated it previously where all of them hang their
videos and in the group where the screen is black.

After reviewing the Order Flow Data, we can deduce that at this time in this time the OP (Main Operator) is holding the price, that is, has placed its orders "BUY LIMIT, the volume DELTA is positive but in numerical value not is representative, which makes us deduce a depletion having to wait for the development of the following Deltas of the volume which gives us more probability to the downside.

IN A TIME FRAME OF 4 HOURS

Reviewing the CVD in 21 periods we note that this accompanies the trend, that is, bearish.

The data of ORDER FLOW, show us that the OP is no longer holding the price for more than 16 hours or 4 candles in this season (with its buy limit orders), that is, it has been dedicated to induce the upside, to get rid of or sell their contracts, which creates a "vulnerability" for other operators and retails to enter short.

The volume profile shows areas above USD 7662 as strong sales areas up to USD 7904 in ascending order, which makes us think that without the appearance of the PO or another large operator the price can not rise significantly.

TEMPORARY FRAME 1 HOUR

Here the CVD in 21 periods shows us a strong absorption zone where the price is now and the ORDER FLOW data give us indications of a continuation of the downward movement since this indicator shows us "exhaustion" in its attempt to ascend

I hope this estimate can help and complement your operation, remember that these are only estimates and the OP (main operator) could change its intentions abruptly).

Consider the following support as profit taking USD 6821.7 which was determined using the ORDER FLOW tool.
Comment, support me with your like and follow me on the channel where everyone uploads their videos, there you will find links that can help you change your operations.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.