Thursday, January 6, 2022

Verdammt !! Why Don't I See These Things In Real Time (BTC)

Not "Why Didn't I see the blog post" I did, but rather "Why didn't I see the exhaustion pattern on the chart as it was unfolding":

https://slopeofhope.com/wp-content/uploads/2022/01/btccol.png

(click to enlarge)

That's from Slope of Hope's post "Crypto Support Failure" handily timestamped

That third-week-of-December-action was the tell, and I missed it.

As I stare numbly out the window, calculating how long it would take to reach terminal velocity at 32 feet per second, per second, the violation of the support by that last candle mocks me.

BTC USD $43,215.48 down another $2,774.30 (-6.03%), last