BitcoinLong
BITCOIN - DEAD CAT BOUNCE - CRYPTOCURRENCY
After expension follows consolidation and a dead cat bounce :P
Bitcoin dumped pretty hart yesterday and consolidated today in a range. This means many trade positions entered the market which will addd fuel as soon price starts to choose a direction.
Based on that inefficient move yesterday I assume that bitcoin will bounce in the next 24-48 hours in order to take out late shorts. these shorts have to close their position if bitcoin bounces up which will add more buys.
(In order to close shorts u have to buy)
Bitcoin dumped pretty hart yesterday and consolidated today in a range. This means many trade positions entered the market which will addd fuel as soon price starts to choose a direction.
Based on that inefficient move yesterday I assume that bitcoin will bounce in the next 24-48 hours in order to take out late shorts. these shorts have to close their position if bitcoin bounces up which will add more buys.
(In order to close shorts u have to buy)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.