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jambalulu
Jul 11, 2019 6:13 AM

Tradable dead cat bounce soon? 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is falling within a pattern that suggests a rise is coming soon, which in my opinion will probably be just a dead cat bounce before a continued correction. But for the moment we are close to the support of this pattern, that could be a wonderful entry for a short-term long position (if we actually reach the support line), seeing how this pattern is pretty mature and confirmed by now and the target for the breakout is about a thousand dollars above the current price..
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