@ srezz Do you suppose there will be a reversal after that?
RE: BTC dead cat bounce
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BTC dead cat bounce
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At this point of time there's no technical evidence of a potential reversal. We should first see how strong the bounce is going to be.
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are you talking about this bounce?
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No, I'm expecting a bounce off the 89 weeks WMA which is currently @ $5150. And the lowest point before the current bounce was $ 5816 (my data feed). Usually it is much more exact and close to the WMAs. Having said that, it looks like the market is bottoming out.
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