Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC did a nice impulse up but failed to break the previous high. We are currently retracing and are near the golden pocket where I expect price to bounce. We should monitor PA around the manage trade line.
Once we get past this resistance chances are very likely that we'll see a re-test of the previous high where the eventual end target for this trade is.