ashishsinha1999

More detailed BTC deadcat bounce

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
$BTC
Technically after every DUMP there is a DEAD-CAT bounce! and BTC does this same, here is the analysis of different time dump and dead-cat bounces.
As can be seen after every test of 20WMA there is a Dead-Cat Bounce which leads the price to surge by nearly 30-40% breaking the 20WMA and then there is a hard Dump of nearly 40%.
And as we can see we are performing the same pattern of 2013 and 2017 having a nice bounce from 50WMA and testing to break 20WMA.
This pattern will be invalid if the weekly closes above 50000$, because the range of 46000-50000$ is a CME Gap

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