UnknownUnicorn6061584

BTC|USD - Dead Cat Bounce

Long
BITSTAMP:BTCUSD   Bitcoin
Greetings. Please leave a Like if you like the idea

We got a dead cat bounce phenomenon. After price dropped and tested the horizontal support zone we got an upward jum but were not able to print higher high. And now we have a horizontal support is broken.

So we should expect 5640$ and 5406$ level to be tested. In order to avoid risk better wait for the Traditional market opens.

Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.

Peace Out!

Not a Financial Advice
Comment:
There is a mistake. In an idea it should have been "Short" setup
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.