Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hey, I'm gonna share again my perspective from the BTCUSD Market. Im bull on MACRO, neutral on HTF until 11.5k, and bull on LTF. I had been watching the M/W mostly, and I'm kinda sure we might need a monthly closure above 14k to expect new highs, might be August, in that sense we would expect 16k around October. 11.9k is a daily resistance, we might expect some demand and retrace on that level. The Major Ask Zone is the last bullish confirmation on a HTF, between 11.3k and 11.5k. Since we are dealing with a resistance at 11k, I think we might expect a retrace to 10.3k before going upward. Some liquidation on mex from those overleveraged degenerates would trigger a nice sell-off from SL, since the orderbook is kinda thin and 10.2k wasnt retested yet. I'm trading the trend, trying to catch DIPs and R/S retests flips on the levels I draw. Also gonna hedge 11.3k-11.5k if PA looks like failing it.
Good trading!
Trade active
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Woohoo! :) The MAZ was boomed with a nice Weekly close reaction. Spot and long, gonna enjoy this ride now.