Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The hourly is forming a clear head and shoulders at this stage which can take us back under $9,000 if it follows thru. We have a low risk (0.5%) entry here on this wick though the right shoulder may need more time to develop.
If the price doesn’t break above the head $210 higher than we have to be prepared for a follow thru of a breakdown on the neckline.