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I want to talk about what has happened with the price of Bitcoin within the last few hours and how you could have predicted this you know a lot of people are using lagging indicators I put that analogous to you looking at the rearview mirror of your car to try and figure out what direction the car is going in but there are actually leading indicators that could have told you that bitcoins price was going to drop that the market wait a minute have we rolled a new intro roll intro if you really want to have an edge in your trading you want to look at the signals that are telling you there's a bend in the road there's a sign look for the signpost to say hey the road is going to turn or you know it's a straight road or whatever is going to happen there are signposts in the market that actually say this is what's going to happen and those signposts are really the market participants if you understand order flow if you understand what the market is doing you can predict what's going to happen with price there will be moments in time when you go there is absolutely no way price can go up now like there is absolutely no way and when you have that much certainty that's when you should be placing a trade anyway without talking about it too much let's let's go on-screen so if we're just looking at a normal chart I don't really get much information I get the open high low and close of what's going on with price and I can see volume down here actually this volume chart is pretty good because it shows me how there was by volume but it was a lot less than before so we can see a real divergence going on here but interestingly what you can do with tensor charts over here is I can turn the opacity up so as soon as I do that and I've got this candlestick so basically on the charting package as a default you've got the candlesticks turned on I'm going to turn those off and now I can actually see what's going on in the market with volume I can see volume at certain prices I can see the volume was a lot stronger up here the other thing I can do is I can set over the last 60 minutes how strong was the buy volume and how strong was the sell volume and I can click on this little chart icon and now what that gives me is something called the counter ratio in that counter ratio is showing me what multiple what multiple of buyers are there compared to sellers so what I'm actually looking for in this example is I can see this contradiction where I've got this very strong buying multiple over here so far more buyers and sellers in the market market I can see that the candlesticks shot right up there's a lot of by volume over here but it didn't push price any higher now interestingly enough when you get back over to here you can see there's less volume there's less by volume and the price went even higher so it basically went into this price vacuum the markets been very very quiet so in the overall context of the market it's very very clear now that we have exhausted out the buyers they're normal buyers in this market unless someone new comes in and for whatever reason wants to buy a ton of Bitcoin and they're gonna eat up even more if they ask the markets pretty thin there's been this vacuum that's created and so what happens next well this you could have predicted it that price just goes down so the whole point of this is to show you that you have a real edge over other traders if you're looking at the order book if you're looking at the concentration of buyers versus sellers or sellers versus buyers to predict a swing before it happens we can see that price was exhausted over here that the that the buyers were exhausted and of course went into a downtrend look at price look at volume look at the market participants and what they are doing if you can do that you win I want to say a special thank you to David from tensor charts for developing this platform guys until the next video I really hope you got some value out of this if you got any questions definitely leave them in the comments but take care we'll talk soon
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