Oops_I_Charted

Bitcoin BTCUSD - Dead Cat Bounce

Short
Oops_I_Charted Updated   
BITSTAMP:BTCUSD   Bitcoin
The other patterns I was following broke down - it's now looking like a dead cat bounce.

First target would make a double bottom, second target would be of equal length to the first leg down, and hit the previous consolidation point/fibonacci level.
Comment:
Just wanted to add another thing to watch for in case it starts reversing (just want to be prepared for as many scenarios as possible):

Comment:
On the edge of my seat...

Comment:
Looks pretty clear that it's going for the pennant:

Comment:
Just updating for my records that it did turn out to be the pennant and already broke out!

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.