Bitcoin / U.S Dollar 15min friday 12th jan 2024 - illiquid lows
Failed $46130 and just never regained support. Higher timeframe lvls from previous PA (marked in blue) were, as shown, heavily gravitated around. You can thank bots for that
Up until the end of this move, 1.2% were getting slaughtered left and right, but the volatility was too much so 50x started getting targeted to provide liquidity, and so 2.2% became the norm. 07% skips fine.. thats expected, but I was loling when 1.2% were just being skipped like nothing.
Future references, if I notice this type of PA again, dunno what i'll do with the info, but should give some justification for a local bottom and new range forming.
I'd post 1/3/5min charts but i cant, imo local 1/3/min supports are still being broken, and new lows and highs are giving way to trend reversals as desired. Note: absolute bottom of the range on 1/3min, notice we didnt get an actual lower low, so imho very few long positions to chase, and more short positions.
Up until the end of this move, 1.2% were getting slaughtered left and right, but the volatility was too much so 50x started getting targeted to provide liquidity, and so 2.2% became the norm. 07% skips fine.. thats expected, but I was loling when 1.2% were just being skipped like nothing.
Future references, if I notice this type of PA again, dunno what i'll do with the info, but should give some justification for a local bottom and new range forming.
I'd post 1/3/5min charts but i cant, imo local 1/3/min supports are still being broken, and new lows and highs are giving way to trend reversals as desired. Note: absolute bottom of the range on 1/3min, notice we didnt get an actual lower low, so imho very few long positions to chase, and more short positions.