Dead Cat Bounce
Dead Cat Bounce ? 0.618 is important level for crypto market.
Scenario:
First Bounce: Able to close above 0.382 but unable to close above 0.50 FIB and continue its Downtrend (Stopped at 0.382 FIB Extension)
Second Bounce (Prediction) : Able to close above 0.50 FIB but unable to close above 0.618 FIB and continue its Downtrend to USD240 - USD 262
( 0.50 FIB Extension )
Scenario:
First Bounce: Able to close above 0.382 but unable to close above 0.50 FIB and continue its Downtrend (Stopped at 0.382 FIB Extension)
Second Bounce (Prediction) : Able to close above 0.50 FIB but unable to close above 0.618 FIB and continue its Downtrend to USD240 - USD 262
( 0.50 FIB Extension )
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.