Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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It seems that bulls are getting tired and we can clearly see a descending triangle formation with flat base and lower highs which indicates that the market will fall more. we also have average daily volume so unless whales start buying again we will follow this down slope.
Comment
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it was a good trade but as the trend line is broken so i am closing the trade. 16k fomo of october did this. but still btc is in side ways we may see more downtrend.