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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.