The dead cat bounce FOR BTC DROP
Going to keep this short and sweet guys. If you look at my previous chart, 'The big Short' you will see i was looking at correlating patterns from the last dump on the 9th may. Smiilar MA rejections, and not to again mention, the two bearish trend lines which have held up and rejected us, from ath 2017 and july 2019.
Does not appear to be a break out, albeit on a small time frame, it has direct correlation with the similarity between the two trends, in how before breaking down, they break out almost making a double top, to then stagger down in reducing volume, leading to huge sell pressure.
I do anticipate this to be the case. However it is Sunday, and we tend to see dumps happening, but equally pumps. Good scalp areas, high risk
Does not appear to be a break out, albeit on a small time frame, it has direct correlation with the similarity between the two trends, in how before breaking down, they break out almost making a double top, to then stagger down in reducing volume, leading to huge sell pressure.
I do anticipate this to be the case. However it is Sunday, and we tend to see dumps happening, but equally pumps. Good scalp areas, high risk
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