📈 BTW Survived a Flash Crash, Then Climbed Straight to New Highs
$1.70 to about $1.24 in two hours on Sunday.
Bought back to $1.60 almost as fast.
Now $2.25, after a fresh high at $2.285.
Up about 84% from the crash low in under three days.
A crash like that usually breaks a chart. This one shrugged it off. The flush printed a selling climax, the panic low where forced sellers dump into waiting buyers, and everything since has been a rebuild: a base between $1.40 and $1.95, steadily higher lows, then a breakout.
Last night's spike to $2.18 was the warning shot, a buying climax on the biggest volume of the run that snapped back to $1.85 within hours. Instead of rolling over, BTW built a tiny base and punched straight through that high this morning.
Levels to watch. 🎯
Hold $2.18, the old spike high now acting as the floor, and there's open air above $2.285 on this chart.
Slip back under $2.18, and the breakout turns into a trap, with $1.89 to $1.96 the first real support.
Below that, $1.75 to $1.79.
Charts that survive a flash crash attract a lot of late leverage, and the same wicks can come back.
New highs with conviction, or a breakout trap above $2.18? 🔥
Not financial advice.
$BTW
$Q
$BAT
$1.70 to about $1.24 in two hours on Sunday.
Bought back to $1.60 almost as fast.
Now $2.25, after a fresh high at $2.285.
Up about 84% from the crash low in under three days.
A crash like that usually breaks a chart. This one shrugged it off. The flush printed a selling climax, the panic low where forced sellers dump into waiting buyers, and everything since has been a rebuild: a base between $1.40 and $1.95, steadily higher lows, then a breakout.
Last night's spike to $2.18 was the warning shot, a buying climax on the biggest volume of the run that snapped back to $1.85 within hours. Instead of rolling over, BTW built a tiny base and punched straight through that high this morning.
Levels to watch. 🎯
Hold $2.18, the old spike high now acting as the floor, and there's open air above $2.285 on this chart.
Slip back under $2.18, and the breakout turns into a trap, with $1.89 to $1.96 the first real support.
Below that, $1.75 to $1.79.
Charts that survive a flash crash attract a lot of late leverage, and the same wicks can come back.
New highs with conviction, or a breakout trap above $2.18? 🔥
Not financial advice.
$BTW
$Q
$BAT