spelgubbe

Buyers Beware: Market could be in a dead cat bounce

spelgubbe Updated   
BITFINEX:ETHUSD   Ethereum
I think it's good to keep in mind that it's a possibility that the bull market ends and we enter a bear market. A sign we could be in a dead cat bounce would be if price gets close to the previous ATH (5-10% off) and then stalls and reverses hard.
Comment:
If this is not a dead cat bounce I'm expecting eth to continue to the next fibonacci line 1135 usd. The best confirmation for this would be a move above previous all time high, however if one is willing to take on a bit more risk a move above 763 would indicate we are pretty bullish
Comment:
at the moment this is looking very bearish
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