Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Lesser amplitude on the channel, but bigger on the up movement. Let's see...
Comment
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It's actually funny, how 17-24th of December 2018 is exactly the same pattern as 17-24th of February 2019. If only I could notice that sooner...smh
Comment
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Not sure, if the up move is done. We could have at least another green candle on 12H. Although, the volume is consistently declining on bigger TF.
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I think 5.8 is in the play...
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I don't want anybody get distracted by my chart. Atm I am thinking it could POSSIBLY go as high as 8.5 ....by the mid of may (6.6 may be by the mid of april)...I am currently not trading myself. Just drawing charts in my spare time :))) stay safe
Comment
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I used to think that we were in November 2014 (like many)(blue circle), now I think its more like April 2014 (magenta small black circle is the current place). If thats the case, then 6.6 - 8.5 level is very likely to happen before we resume the drop. Those 2 formations, that black arrows point to, are EXACTLY the same. the only difference I found was the volume on the next candle after giant green one. In April it was another green volume, in November huge red volume on that doji candle.