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Liquidationtheory

BTC Short Follow Up to inverted scales chartJust curious what everyone thinks is the only I published the original range charts I used to devise those trades. I believe I am adjusting my stop since I am not using leverage and really am not worried about it. I know many use leverage is why I set reasonable stops on these ideas. I also understand that for some leverage might be the only way they believe they can build a small account. For some it may work if they have a lot of experience but for most leverage just kills accounts. If no leverage was being used and no liquidations levels were there I wonder how the market would behave? Sorry, that thought just came to me as I was mentioning the risks of leverage. Kind of thinking out loud a bit there. Leverage contributes a lot to price volatility, I know that. Sorry anyway here is the follow up chart. It's the same just with the scales regular. I locked the PTB ratio on both charts to be able to size the chart to fit the data. Hopefully everything remained proportionate, but it is easy to really mess up a chart when you start messing with those and I did so in a hurry. Enjoy. I believe the more information you have the better decision you can make about anything. By data I don't mean indicators but actual data. Also volume profile I was using for the regular chart doesn't work well on range charts so ignore that. I do believe those liquidations at the suggested new Stop loss would be the end of the uptrend were it to reach that level. Funny how that looks like a supply area now isn't it? This part of the trade is kind of an experiment. The original long was almost as good as they come in my opinion anyway. That was one of my better trades. I still see price being held up and I believe those liquidations are a big part of it because ultimately they are technically liquidity. Please share your ideas and opinions. I look forward to hearing peoples thoughts here. I am sure some will have some strong opinions. From what I can see and have seen though it makes sense to me. I might be doing a poor job of explaining it though as I was never teacher, I was always more doing then teaching.
Short
by Z3R0-G3N3S1S
1
SBTC Short Possible SL Update New high leverage positions opened on top of my SL on the BTC short follow up trade I have active. This is an inverted range chart showing liquidation levels and a good view of market structure. You should clearly see why I am adding more risk by adjusting my SL to that level. This should make it easy to see why I have opted to take this trade. At least it is my logic behind this trade. Worked well on the way up should work just as well going back down. Looking at the market this way helps make things much clearer to me. I believe it is why the institutions and market makers use inverted charts so often. Could be just to mess with us but I doubt it. It does cause the opposite effect so many experience in the markets. Maybe this will give someone a fresh perspective on the markets. I know it did me a long time ago, especially when seeing the liquidation levels and how they are drawn. Pay close attention to how it is drawn. This is as close to live levels as I can get on TV. They are added with each new bar. I will post the regular version as a follow up and let it populate the amounts of each of the liquidations and other data. To really see it I recommend seeing it on a live chart, it is quite something to see. I hope this doesn't cause more confusion but for me it made things so much clearer. It was confusing at first though. I also market where my weaker stop loss was at or close to it. I didn't plan on publishing the charts because it is a mess and the scales are adjusted poorly so everything may be seen. It was a large trade range. This will also help show you what's going on but not as clearly and doesn't show liquidations. This is BitFinex chart with an aggregated heatmap overlay also and the one on here KuCoin cause that is where my trade is at, but I prefer using BitFinex charts cause they go all the way back or at least further back then any other ones I know of. bitcoinwisdom.io Curious what others think? Should SL be adjusted and add more risk to the trade or keep it as it is. I can't modify it on the publish cation so if we decide to modify it it has to be marked manually. There might be no need to as the trade was progressing nicely. It does look on the smaller time frames that it could take out that SL at the current level. Tough decision. Need to reanalyze the higher timeframes as I haven't done that since I published this idea.
Short
by Z3R0-G3N3S1S