BTCUSD Dead Cat Bounce
Don't get overly excited about the rally or place bets on the low being in.
-Price under the 200 - bearish
-Price under the 20 - bearish
-Stalled rally on the RSI - bearish
-Unconfirmed rally on the MFI - bearish
A close above the 20 EMA followed by upside breakout on the MFI would open my mind to a reversal taking place. Until then, look out below.
-Price under the 200 - bearish
-Price under the 20 - bearish
-Stalled rally on the RSI - bearish
-Unconfirmed rally on the MFI - bearish
A close above the 20 EMA followed by upside breakout on the MFI would open my mind to a reversal taking place. Until then, look out below.
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