Posted by chartboy on 12th of May 2021 at 08:39 pm
That move was all about taking out the stops below the old swing
low at 47000 ish. As a general rule, you wont see a decline like
that run to a fib retracement (42000) when there are no recent
swing lows near by with which to trigger stops to cover short
positions with.
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$42k here we come!
Bitcoin Daily Updated
Posted by jared95 on 12th of May 2021 at 07:55 pm
$42k here we come!
That move was all about
Posted by chartboy on 12th of May 2021 at 08:39 pm
That move was all about taking out the stops below the old swing low at 47000 ish. As a general rule, you wont see a decline like that run to a fib retracement (42000) when there are no recent swing lows near by with which to trigger stops to cover short positions with.