$BTC update
We finally got the selloff into my reaction zone.
Price reacted almost perfectly at the HTF .618 / internal .886, so the analysis is playing out well so far.
Why was my limit order still lower?
> liquidity is still largely untapped
> additionally, OI has barely reset, which i would want to see for a stronger move mid term
Yes, we saw a solid reaction off passive bids, but I'd still prefer to see a proper liquidity flush before looking for a larger movement
For now I'm staying patient and letting the market finish its job.
We finally got the selloff into my reaction zone.
Price reacted almost perfectly at the HTF .618 / internal .886, so the analysis is playing out well so far.
Why was my limit order still lower?
> liquidity is still largely untapped
> additionally, OI has barely reset, which i would want to see for a stronger move mid term
Yes, we saw a solid reaction off passive bids, but I'd still prefer to see a proper liquidity flush before looking for a larger movement
For now I'm staying patient and letting the market finish its job.