Tell ya what, trying to buy bitcoin on price dips has been a chore of late. Everytime it looks like price is gonna break down, boom, it rebounds and we get a daily candle with a big lower wick.
I mean, I love that the price action is strong, but Cat wants cheaper BTC to buy buy buy!
Looking at the chart the past week, there has been a few instances were price dipped into the low 116s and mid 115s...with it even touching the high 114s last night. Only to rally and close above those levels.
That is so serious volume we has yesterday! It formed what is normally a reversal candles as well. Charting says we should rally but for some reason I want to believe its not ready yet. Maybe I'm just being nitpicky.
Should prob buy now. I did grab some, luckily, at 115,500 late last night though.