Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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After hitting the potential yearly low, since then XBT has been trading in BULLISH CHANNEL, where price kept moving up and down to test top and bottom of the channel.
Price hitting the bottom recently and is expected to re-test the top of the channel again which may possibly take us off this long term symmetrical triangle that XBT had been trading ever since last bullrun.
Possible support and resistance level shown with BLACK DOTTED lines.
Buyer stop loss should be around 5912$. If stop loss hit on buy we can easily see previous low or further low.
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Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
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One of our previous view on XBT
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Hi guys, I saw a potential pattern on XBTUSD, can it be for real.