Perfect Rejection of Bullish TL... BTC
As Everyone and their brother has noted...the bullish TL and .618 fib comes has a nice confluence... The oval has been on my chart for many days now as the right entry to BTC. It's always satisfying to see the huge rejection right where you see it on the chart... until it gets invalidated of course. :)
It will be interesting to see if the big institutional money will be satisfied with this or will take it lower.
As of right now it's the perfect buy in in a bullish trend. Maybe falling knives are easier to catch than people think. We will find out in the next few days.
It will be interesting to see if the big institutional money will be satisfied with this or will take it lower.
As of right now it's the perfect buy in in a bullish trend. Maybe falling knives are easier to catch than people think. We will find out in the next few days.
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