Is the eventual dead cat bounce finally coming soon?
Ever since bitcoin topped it's been in this big broadening falling wedge that has had one fake troll-breakout after the other.. this pattern is now huge and the bounce that it calls for is just getting bigger and bigger with it..
I don't think it's safe to long at this point at all, but I am starting to suspect the real breakout might actually be close this time, seeing how we touched that very important 9.8k level yesterday.. I will not open a margin long at this point but i did take a chance and bought just a little bit more bitcoin at about 10.1k as a long term investment.
What do you think is going to happen?
Share your thoughts in the comments!
I don't think it's safe to long at this point at all, but I am starting to suspect the real breakout might actually be close this time, seeing how we touched that very important 9.8k level yesterday.. I will not open a margin long at this point but i did take a chance and bought just a little bit more bitcoin at about 10.1k as a long term investment.
What do you think is going to happen?
Share your thoughts in the comments!
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