Dead cat bounce in progress!

[jamesashmore1964]

A dead cat bounce is temporary recovery in prices after a substantial fall!
There was a substantial purchase of Bitcoin at approx 5750 USD Sunday!
This Whale might dump the lot after some FOMO: Very dangerous at the moment.
In addition a new bear flag will most probably form!
There is no real demand for Bitcoin.
Binance trade volume is down 50 percent over a period of time(I read this today)

[MartiniBlanco]

Maybe we will see another dead cat bounce, but I am not really sure how high the price will go up in the next time. Possible is maybe a target of 7500 USD or something like that but I am still a bit bearish. I bought a small portion and I will buy more if we see aother huge dip..

[jamesashmore1964]

Maybe we will see another dead cat bounce, but I am not really sure how high the price will go up in the next time. Possible is maybe a target of 7500 USD or something like that but I am still a bit bearish. I bought a small portion and I will buy more if we see aother huge dip..

7500 USD from here is not a possibility from public sentiment Only: Only a whale can do this with a massive pump and good public sentiment follow through! The pump needs to be done at 6150 or more to flush out the bears!

[jeanniej4]

If btc stops at today's 61xx, we will most likely see another dead cat being bounced in a few days.
Zone for the new bottom zone will be in the range of 5k5-5k6.
I think the bear will still be alive in 1-2 months, so be calm. Do not care much about whale motion, sometimes we will die very badly for FOMO.
So I think it's not a good time to buy now. Be careful.

[jamesashmore1964]

If btc stops at today's 61xx, we will most likely see another dead cat being bounced in a few days.
Zone for the new bottom zone will be in the range of 5k5-5k6.
I think the bear will still be alive in 1-2 months, so be calm. Do not care much about whale motion, sometimes we will die very badly for FOMO.
So I think it's not a good time to buy now. Be careful.

Yes, it is insane to buy now: Any top investor will tell you the same. It is pure gambling at the moment!

[real eyes realize]

Although the price of bitcoin looks very low to make some buying, I have still hesitations about buying now. I will just wait a little bit more to see the next prices.

[rayk]

Even though we may see a another dead cat bounce now, it is still bear market and it seems like it will go below even $5000 in the following months, that might be end of many investors.

[jamesashmore1964]

Even though we may see a another dead cat bounce now, it is still bear market and it seems like it will go below even $5000 in the following months, that might be end of many investors.

Bear Flag forming also!

[jamesashmore1964]

Although the price of bitcoin looks very low to make some buying, I have still hesitations about buying now. I will just wait a little bit more to see the next prices.

You need to wait! It is very dangerous.

[baghodler123]

Yeah, I like the idea of playing the bounces too. Bought some altcoins. Also buying BTC seems like a good idea.

[jamesashmore1964]

Yeah, I like the idea of playing the bounces too. Bought some altcoins. Also buying BTC seems like a good idea.

Put a stop loss on BTC and Alts with profit that you are happy with!

[auliahr]

I agree with you that the decline will continue and we must be ready to accept it. I'm sure a big decline will happen and maybe $4000 is the lowest btc price for this year.

[5ensei]

These dead cat bounces have allowed some investors to cash in when it temporarily rises, but one big bear i.e mt gox is now out of the picture. The recovery might therefore be real as gox will not be dumping at least until next year.

[phm]

Oh, whales have a big possibilities. And I think they will dump till $5-5.2k. And after that when all passengers leaves train they start BTC to the top of the Olimp. Or world crisis can help us to start

[kingzpro]

You are calling it a dead cat bounce while most of analyst see it as last dip or inverted peak and possible start of market recovery from here, i think next month will prove us where market is going, lets see.

[Johnyz]

Although the price of bitcoin looks very low to make some buying, I have still hesitations about buying now. I will just wait a little bit more to see the next prices.

You need to wait! It is very dangerous.

Waiting to more dump price is still not guaranteed. We all know that this market can bounce at no specific time and maybe it will start to pump now so if you wait for more days you might miss this train. Well, trust your own analysis and don't regret anything about it.

[georgereyes]

$5000 is the magic number.

[Primal6666]

A dead cat bounce is temporary recovery in prices after a substantial fall!
There was a substantial purchase of Bitcoin at approx 5750 USD Sunday!
This Whale might dump the lot after some FOMO: Very dangerous at the moment.
In addition a new bear flag will most probably form!
There is no real demand for Bitcoin.
Binance trade volume is down 50 percent over a period of time(I read this today)

Are we all gona die??? Sounds so pessimistic. )) True, but i hope, at least they(wales) will give us some happy days and rise price back at 6.700, at least for a bit time.

[Encelad]

Whales earned fabulous money last year. Now they squeeze out new investors who came to the cryptosphere quite recently. Time and money they have a lot they do not hurry,  this whole year will be under a bearish flag!

[Primal6666]

Whales earned fabulous money last year. Now they squeeze out new investors who came to the cryptosphere quite recently. Time and money they have a lot they do not hurry,  this whole year will be under a bearish flag!

I would like to say that everyone is accustomed to blaming whales, but I want to remind you, that those who want to speculate, play a role in this drop, not less than whales, constantly selling bitcoin in the hope of buying it as cheap as possible. And i hope your wrong, and a bullran will comeback much earlyer.