sage2122

bounce or dead cat? (BTC)

BITSTAMP:BTCUSD   Bitcoin / Dollar
that 7600 bounce initially seemed like a reversal and even though there is still a possibility it very well could be but the last few hours are giving it traits of a dead cat.... after we failed to break resistance at 9500 shorts filled back up and all of a sudden the bearish sentiment is back..... What I do know is that if we fail to hold over 7600 I have another bounce level at 55-5600 maybe even lower... the weekly is still very bearish and shows potential of another 5 weeks of downtrend... we will see and as far as fundamentals go the senate is holding a meeting and in that meeting crypto currencies will be addressed and that discussion is set to take place on FEB 6th             (Tuesday) until than all this is noise to me....
Good luck everyone ..

thank you
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