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.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out