Bitcoin BTCUSD - Dead Cat Bounce

2017년 5월 15일

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.

2017년 5월 15일

노트

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):

2017년 5월 15일

노트

On the edge of my seat...

2017년 5월 16일

노트

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

2017년 5월 17일

노트

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