mortonpeak

FOMO in today's rally, post bat-wing

COINBASE:BTCUSD   比特币/美元
81 0 0
Today had a big bat formation . Price is recovering, with these notes:
Change your projection to one minute, at the tick mark I circle, here.
Volume spikes, on a rising price. People want in on this rally, despite the extreme RSI .

Why, I ask? People feel that they missed a buy in, during today's plunge.

I have learned to love the backtrace, though today's decline took place along a smooth fib retrace. (To do later)
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