BTC: Dead-Cat Bounce!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
2573 32 20
I am not so excited about the rebound, as we have seen this pattern before.
Key over-head resistance is the main falling trend line for now, which will probably push for another deeper leg lower. A break above that resistance may signal more recovery, although i still see no savior for the cat :D

I remain bearish on BTC             looking for new lows. No hard feelings

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You need to put an actual date behind when you think bitcoin will trade under $50 so us bitcoiners can look back and say you were wrong ;)
Cool, 2 weeks days ago I did an analysis very similar to BTCBRL:
Another Dead-Cat Bounce?
Technician Aqua-Life
Probably yes :) . . its a normal phenomena that markets go up and down,
Aqua-Life Technician
luckily for us to make money off of ! At least try to lol
Jameve Technician
This cat looks very much alive to me. The bearish triangle you drew is broken.
Yeah as they say, cats have seven lives :D
Agreed! Excellent chart there........u think it could go to the 202 level?
Technician djflowmaster
Yeah, i believe there still a lot of downside. IMHO
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