I followed today’s livestream and was very surprised and impressed. It does make a lot of sense though if algos are driving and they are instructed to follow a fractal pattern. The way Keith was able to decipher and call out the price points from the L2 made me see things very differently.
I’m surprised and impressed but at the same time not, because this type of thing can be expected in the world of software. I guess I’m surprised that all of this was in our faces the whole time and went unnoticed until now. It puts a different perspective on viewing TA.
I’m still sitting with this to let it really sink in. If the cycles are still staying true, we should be seeing some nice runs very soon so I’m super excited.
Checked it out myself, you can definitely see the “communication” in the order book and is no bullshit. Makes sense on why a lot of market makers aren’t listing orders on the lit exchange…you’d mess up the market makers…