RE: BTC dead cat bounce

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BTC dead cat bounce

in cryptocurrency •  7 years ago  (edited)

I'm showing $5000- $5200 low for the month, but a monthly close around $7000. I'm using August of 2016 as the low for my measurement. Does that fit with what you think?
Please guys remember to keep your stop losses active. Also,Am I the only one here that gets excited on the way down as well? Thanks as always.

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  ·  7 years ago (edited)

How did you arrive to these 5000-5200 figures? We bounced off one of the long term trend lines as the market is heavily oversold short term. But I don't think we hit the bottom yet.
https://www.mql5.com/en/charts/8278435/btcusd-d1-simplefx-ltd

  ·  7 years ago (edited)

0.768 retrace of the GDAX low (890) to the high (19617).
Edit: I just reworked it and now I see what you mean

  ·  7 years ago (edited)

The measurement must be taken from the lowest low of the previous bear market on the 15th of Jan. 2015 to the all time high on the 17th of Dec. 2017 ($162.68 and $19704.18 respectively in my data feed).

Even tho i got out at the higher price, im still nervous because of the price. The current mood of the market is just depressing.