Baalinooo
Short

Downtrend continues; dead cat bounces soon, just maybe reversal

BITSTAMP:BTCUSD   Bitcoin / Dollar
December 13 downtrend continues. No sign of reversal. Recent bull runs have always ended up losing steam quickly.

Last days lower lows are leading price into a series of recent strong support levels.

This might result in a number of bull runs, potentially ending up being dead cat bounces.

As we reach lower lows and stronger support lines, the potential for reversal increases.

I'm bearish for now, but will be increasingly looking for reasons to buy as we approach 340-380 supports.
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