Pretty bad rejection, this is the same angle from the bitfinex chart drawn on the Bitstamp exchange , the idea was published 2 weeks ago -
Let's see.
Note: IF this is the end of the rally , normally those kind of reversal are SLOW. Look at Silver if you play this idea in Silver you will see how it does not go straight down but instead it slowly grinds lower and lower as people see each move down as a buying opportunity instead of the
return of the bear market.
Same with NASDAQ , at its reaction rally after reaching the low from the 2nd beartrap during its exponential rise it had a slow turn downwards :
Note: IF this is the end of the rally , normally those kind of reversal are SLOW. Look at Silver if you play this idea in Silver you will see how it does not go straight down but instead it slowly grinds lower and lower as people see each move down as a buying opportunity instead of the
return of the bear market.
Same with NASDAQ , at its reaction rally after reaching the low from the 2nd beartrap during its exponential rise it had a slow turn downwards :
