Do not get overexcited! Since we are below the SuperGuppy it's a bearish trend🐻
Price action is perfectly copied from the previous cycle and EMA 100 is playing awesome👌
As maximum I expect the Dead Cat bounce to $100k+ just as we did previously, as least we consolidate above EMA 100 before another significant leg down📉
SuperGuppy should be treated as a resistance now and better strategy in the bearish market is to short the rejections off resistances and breakouts off the supports🔻
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Even Dead Cat bounces
Do not get overexcited! Since we are below the SuperGuppy it's a bearish trend🐻
Price action is perfectly copied from the previous cycle and EMA 100 is playing awesome👌
As maximum I expect the Dead Cat bounce to $100k+ just as we did previously, as least we consolidate above EMA 100 before another significant leg down📉
SuperGuppy should be treated as a resistance now and better strategy in the bearish market is to short the rejections off resistances and breakouts off the supports🔻
#Bitcoin $BTC