BTC/USD - Dead Cat Bounce
We saw the market take a deep dump today after Elon Musk's tweet saying that they would not be accepting bitcoin as payment for Tesla due to the harm and damage that mining bitcoin has on our overall environment.
Since we are just seeing the start to a new trading day (UTC Time) I think price has started off the day with a dead cat bounce and that it will finish its move to the downside to complete the overall ABC pattern.
Check out my last two posts. I was right about the last two big time rejections that we've seen so far with this pair.
Since we are just seeing the start to a new trading day (UTC Time) I think price has started off the day with a dead cat bounce and that it will finish its move to the downside to complete the overall ABC pattern.
Check out my last two posts. I was right about the last two big time rejections that we've seen so far with this pair.
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