BTC Dead Cat Bounce Off The 20 DMA?

28 Ara 2018

BTC has bounced off of its 20 DMA, which has taken it into resistance on the hourly chart. This volume isn't too impressive. It's likely this is just a dead cat bounce. I think we need to retest the lows still and am suspect of this rally. Note the topping tail on the one hour chart. BTC needs to consolidate in this area, preferably above that topping tail, if it's going to have any follow through to the upside.