Thorm

BTCUSD - Dead cat bounce? Lots of confluence to downwards...

Short
BITSTAMP:BTCUSD   Bitcoin
I know that this looks like double bottom to lot of you but... ive seen this happening so many times since 2011, in every market. Its still bearish.


H4, H1 and D1 are all bearish.

Theres no clear signals of bullish continuum in sight so all entries are short from me.

Entry: Sell-stop below or wait for the fake-out upside and then back down.

Target weekly support zones..


RR 1:3
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