BTC - This has got to be a Dead Cat Bounce - Bull trap .
Whenever the MA30/13 cross on the weekly it signals the beginning of a new wave of selling
- or Phase two of the bear market.
The MA13/30 are going to cross in a week or two and BTC is going to move up to get traders to FOMO in
then the next wave of selling will begin and move down swiftly.
How high can this dead cat bounce go ? id say somewhere between 9500 to 11700 .
But I suspect BTC may only reach as far as the 9500-10700 area and then reverse back down.
from 2014
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- or Phase two of the bear market.
The MA13/30 are going to cross in a week or two and BTC is going to move up to get traders to FOMO in
then the next wave of selling will begin and move down swiftly.
How high can this dead cat bounce go ? id say somewhere between 9500 to 11700 .
But I suspect BTC may only reach as far as the 9500-10700 area and then reverse back down.
from 2014
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Comment:
...same old crappy moves just played on a different day
Trade closed manually:
no longer valid as the cross is cleared after this pump
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