BitcoinShort
Bitcoin BTCUSD - Dead Cat Bounce
Updated
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.
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.
Note
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):
Note
On the edge of my seat...Note
Looks pretty clear that it's going for the pennant:Note
Just updating for my records that it did turn out to be the pennant and already broke out!
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