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RE: BTC dead cat bounce

in #cryptocurrency • 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 in #cryptocurrency by
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     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

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       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).