Bitcoin put in another buy reversal pattern for the bold buyers out there. When price wicks down and gets sent back sharply back up that is a good sign.
In the meantime, the wedge continues to stretch to the right, and we now have a triple tap near the wedge bottom. I don't understand the psychology behind the triple tap, but it's one of those things you take on faith after seeing it a few times.
Does anyone know the story behind the triple touch? Is it a "third time is the charm" type of deal?
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I do think bitcoin is a good buy right now. It could go lower, but my assessment of crypto at the moment is that any bad news is just a cheap trick to keep small buyers away.
In the meantime, the wedge continues to stretch to the right, and we now have a triple tap near the wedge bottom. I don't understand the psychology behind the triple tap, but it's one of those things you take on faith after seeing it a few times.
Does anyone know the story behind the triple touch? Is it a "third time is the charm" type of deal?
---
I do think bitcoin is a good buy right now. It could go lower, but my assessment of crypto at the moment is that any bad news is just a cheap trick to keep small buyers away.