BillCharison

XBT/USD Reasoning.

BITMEX:XBT   Bitcoin
According to the cluster analysis, the last micro pump doesn't seem like a short squeeze. Let's move further with this. On the chart, we can clearly see the turning point (red rectangle $4000-$4100).

  • If the price keeps inside it - we can think about opening LONG.

  • If the price doesn't keep inside it and fall below - we can think about opening SHORT.

At present, growth is much more possible than decline; targets are $4150-$4200.

Keep in mind that if the price wouldn't grow in the next few hours, the priority will change to a decline.

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