calipsofund

Bitcoin, possible bottom?

BITMEX:XBT   Bitcoin / US Dollar Index
To start with, bitcoin has a good opportunity to go up.
There are several reasons for this: the large volume of short positions is closing, there are also big purchases, though at Binance (almost 100-150 BTC ). But do not prematurely deceive yourself with that. At night we saw a triangle, which was realized by going up to catch stop-orders. The impulse was not supported, we didn't see a consolidation above the cloud and we fell down. Despite the positive factors, the price still can catch the las spikes zones (I marked it with orange). If you want to enter to the long position, place orders in a cascade with increasing volume .
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