BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Well as you can see we are in a bearish cup and handle , rsi shows a bearish trend (and also a hidden bullish divergence ), macd is negative, ma's acting like dynamic resistances, cross under on ma's and so on ...
We are almost touched the bottom of the channel (8600 ~ 9300)
If we lost this support (which im sure about) we're gonna touch 8500 ~ 8400 soon ...
I recommend you to do not long for a while ... it will back again to 9k but these days its in short side, so set your start on 8850 and set your first target on 8500, 8400 as second.
In my view 8500 area is the last target in the last price in down trend.
But Im not sure about it, I will share another idea while I see the 8500 price ...
Long side would be above 9300, dont do the risk this time ...
If you liked this idea, please hit the like button, share and write your comments, thanks.
Take care, trade safe.
Trade closed manually: This one is not trusty any more ...
Cup and handle is not confirmed yet, but ma's and rsi are changed.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out