Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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XBTUSD is trading in wide BULLISH CHANNEL which consist of:
Ascending triangle with target at 7400$-7500$ Inverse Head and Shoulder (Blue colour line) target at 7400$-7500$) Another Inverse Head and Shoulder(Pink colour line) target show (8400$-8832&).
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We may have some correction before continuation of the uptrend
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Retracement target achieved
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We should reverse back up now and target remain 7400-7500 Zone.
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If BTC break 7140 down it means we will have extensive correction which will lead us back to 7000$/6900$ zone.
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If price fail to close above 7300$ this is possible wave pattern of what may happen.
But if price manage to break 7300 we will be good.
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We detect a potential SHS on 1hr timeframe, although this conform with our previous plan.
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Shoulder Head and Shoulder in progress.
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100millions tether news spoiled the show for this Shoulder Head and Shoulder.
I will update us shortly.
Thanks
Comment
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The formation of SHS changed from the previous one and formed it in this form.
This setup have stop loss around 7375-7385$. If this range reach then next will be 7435$ area.
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Hi guys look like this new pattern SHS is in play, well we do not really care as we want to make money, any where price goes is okay for us.
Here is some indepth wave analysis of the possible down move.
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Hi guys
Moving as expected.
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Still very much active.
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Still on xbt
Sorry for late update
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Hello guys this serious update we need to treat with care!!!! Please read and check the chart.
Guys look closely at this fucking chart, Would you be a seller or Buyer????