Can you really compete with foreigners using these tools?
Traditional Bitcoin technical analysis to identify real vs. fake breakouts VS using order flow CVD/Footprint tools—are you still chasing longs every time there’s a breakout? Price breaks above previous highs, and CVD below also hits new highs, so why does the price still drop? The magnitude of CVD breaking new highs isn’t as strong as the candlestick breaking new highs, which essentially creates a divergence between CVD and price. Looking at the Footprint chart on the left, as soon as the price breaks above the previous high, a large number of longs rush in (green circle), but there are also large sell orders (red circle) entering. The closing price falls below these large buy and sell orders, confirming that the buy orders are being absorbed by sell orders, and the buyers are losing balance. When the price tests the previous high again, sell orders above absorb buying once more, buy-side momentum dries up, and even small active sell orders can push the price down. The Delta below turns negative, signaling an influx of selling liquidity and confirming the start of a downtrend. Feel free to share your thoughts in the comments.
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订单流研究所
· 12-07 13:03
Using real trading data to crush all armchair analysts.
Can you really compete with foreigners using these tools?
Traditional Bitcoin technical analysis to identify real vs. fake breakouts VS using order flow CVD/Footprint tools—are you still chasing longs every time there’s a breakout?
Price breaks above previous highs, and CVD below also hits new highs, so why does the price still drop? The magnitude of CVD breaking new highs isn’t as strong as the candlestick breaking new highs, which essentially creates a divergence between CVD and price. Looking at the Footprint chart on the left, as soon as the price breaks above the previous high, a large number of longs rush in (green circle), but there are also large sell orders (red circle) entering. The closing price falls below these large buy and sell orders, confirming that the buy orders are being absorbed by sell orders, and the buyers are losing balance. When the price tests the previous high again, sell orders above absorb buying once more, buy-side momentum dries up, and even small active sell orders can push the price down. The Delta below turns negative, signaling an influx of selling liquidity and confirming the start of a downtrend. Feel free to share your thoughts in the comments.