Open Interest + Cumulative Volume Delta
Cheat Sheet Thread ๐งต
Cheat Sheet Thread ๐งต
โ Definitions โ
Open Interest (OI) = total number of open contracts
OI ๐ผ = money is entering in the market
OI ๐ฝ = money is leaving the market
Open Interest (OI) = total number of open contracts
OI ๐ผ = money is entering in the market
OI ๐ฝ = money is leaving the market
Volume Delta = difference between buy and sell volumes in a period
Positive Delta = buy volume > sell volume
Negative Delta = buy volume < sell volume
Cumulative Volume Delta (CVD) takes previous periods into consideration as well, so you can see the evolution of the delta
Positive Delta = buy volume > sell volume
Negative Delta = buy volume < sell volume
Cumulative Volume Delta (CVD) takes previous periods into consideration as well, so you can see the evolution of the delta
โ Reading OI + CVD Together โ
OI ๐ผ + CVD ๐ผ = longs opening (bullish ๐ข)
OI ๐ผ + CVD ๐ฝ = shorts opening (bearish ๐ด)
OI ๐ฝ + CVD ๐ฝ = longs closing (bearish ๐ด)
OI ๐ฝ + CVD ๐ผ = shorts closing (bullish ๐ข)
OI ๐ผ + CVD ๐ผ = longs opening (bullish ๐ข)
OI ๐ผ + CVD ๐ฝ = shorts opening (bearish ๐ด)
OI ๐ฝ + CVD ๐ฝ = longs closing (bearish ๐ด)
OI ๐ฝ + CVD ๐ผ = shorts closing (bullish ๐ข)
โ CVD Divergences (Reversal Patterns) โ
Uptrend Exhaustion = price higher highs + CVD lower highs
Uptrend Absorption = price lower highs + CVD higher highs
Downtrend Exhaustion = price lower lows + CVD higher lows
Downtrend Absorption = price higher lows + CVD lower lows
Uptrend Exhaustion = price higher highs + CVD lower highs
Uptrend Absorption = price lower highs + CVD higher highs
Downtrend Exhaustion = price lower lows + CVD higher lows
Downtrend Absorption = price higher lows + CVD lower lows
Short thread, made it as much for myself as for anyone else
Shoutout @abetrade @config_json @leviathancrypto โ most of the above info is from them
I use @coinalyzetool to read this data but I understand @VeloData is also good
Any questions just lmk in the comments ๐ฝ
Shoutout @abetrade @config_json @leviathancrypto โ most of the above info is from them
I use @coinalyzetool to read this data but I understand @VeloData is also good
Any questions just lmk in the comments ๐ฝ
@abetrade @config_json @leviathancrypto @coinalyzetool @VeloData Good example playing out currently
โถ๏ธ $BTC price dropping with untaken liquidity below
โถ๏ธ OI rising
โถ๏ธ CVD dropping
Anyone tell me what this means?
โถ๏ธ $BTC price dropping with untaken liquidity below
โถ๏ธ OI rising
โถ๏ธ CVD dropping
Anyone tell me what this means?
@abetrade @config_json @leviathancrypto @coinalyzetool @VeloData And just like that โ 400pt drop in 30 mins
OI ๐ผ + CVD ๐ฝ = bearish
Coupled with weak price action and an obvious liquidity target below meant that #BTC downside was very likely
OI ๐ผ + CVD ๐ฝ = bearish
Coupled with weak price action and an obvious liquidity target below meant that #BTC downside was very likely
Loading suggestions...