BTC reversed on touch of longer term channel line. IBIT
has a channel break. Tempted to set a buy order for a retest of the
channel break, but given the fact that IBIT is an imperfect
derivative of a product that trades 24/7, I'm not inclined to trust
that channel break as much as the rejection of the channel line in
the actual product.
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BTC reversed on touch of
Posted by bthefnd on 17th of Sep 2024 at 03:30 pm
BTC reversed on touch of longer term channel line. IBIT has a channel break. Tempted to set a buy order for a retest of the channel break, but given the fact that IBIT is an imperfect derivative of a product that trades 24/7, I'm not inclined to trust that channel break as much as the rejection of the channel line in the actual product.