Bitcoin Fell Hard Again after ETF Decision
Bitcoin showed a very steep rise last night, rising over $100/coin in just a matter of minutes. It was quite a shock to see, and undoubtedly thrilled a few who were long, and undoubtedly spurred a lot of people to take new positions at what was ultimately a swing high.
Overnight (Asia time) that irrational exuberance was punished by a severe fall to $960 on Kraken. Of course, the news event that allegedly sparked that selloff was the rejection of the ETF. But the chart gave a warning to those who watch the charts. You see, at the high, pricetime hit the long-term 1×1 Gann Angle AGAIN. That angle has been like the electric 3rd rail for a very long time:
Full Read Here:
https://1bitcoins.net/bitcoin-fell-hard-again-after-etf-decision/
