BTC - A dead cat bounce
Hello!
Wider market is still bearish with no clear trend change until a breaking of 0.786 We just have a dead cat bounce developing now on BTC and equities.
The rules of dead cat bounce dictate that you can get a retrace between 0.5- 0.168 fib levels before further downside.I am starting to stack shorts in these regions with an eventual target of matching the recent lows.
Short 0.5-61.8 fibs.
Wider market is still bearish with no clear trend change until a breaking of 0.786 We just have a dead cat bounce developing now on BTC and equities.
The rules of dead cat bounce dictate that you can get a retrace between 0.5- 0.168 fib levels before further downside.I am starting to stack shorts in these regions with an eventual target of matching the recent lows.
Short 0.5-61.8 fibs.
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