CryptoCred
@@CryptoCred · Building · trader, ta_educator
Flat
100.0%
Diff-adj
—
Resolved
1
✓ / ✗ / ◐
1 / 0 / 0
Open
0
Resolved (1)
- ✓
After a swing failure at highs, BTC is likely to move to the opposite range extreme, implying a drop toward the low end of the range from ~$125k.
“$BTC Vicious swing failure at the highs. Buyers were absorbed and trapped. Logically, being completely reasonable, the first level of support is the middle of the range at $69,000. But typically failure on one side signals a move to the opposite extremity. That would be a”
Swing failure at highs led to the opposite extreme: after high $125,226 BTC collapsed to ~$58,000, well below the $69,000 mid-range.