My 80.1K level lasted six hours. 🧱
I posted it at 07:28 UTC on October 15. At 13:31 UTC $BTC dipped under it, low 79,800, and traded below 80.1K for only eight minutes. Then it closed the day at 82,246, and no daily low since is under 80,684.
So was I wrong? A wick isn't a close, and a level defined by wicks can't really be wrong, which is exactly what bothers me.
Do you call a break on the wick or wait for the close?
I posted it at 07:28 UTC on October 15. At 13:31 UTC $BTC dipped under it, low 79,800, and traded below 80.1K for only eight minutes. Then it closed the day at 82,246, and no daily low since is under 80,684.
So was I wrong? A wick isn't a close, and a level defined by wicks can't really be wrong, which is exactly what bothers me.
Do you call a break on the wick or wait for the close?