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firebun
Dec 23, 2017 3:00 AM

Incoming H&S? Bitcoin 4H Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Chart

Comment

1D chart: Bearish
Can close as high as $17,600 and we're still bearish on the daily. Looking for 4 more days to the downside.

4H chart: Bullish
Lagging span broke the cloud. Strong edge-to-edge trade. Found strong support on the 200MA.

Looking for 4 more bars to the upside with a likely reversal at $17,600 to align with the daily chart.

1H chart: Bullish
Lagging span broke price, senkan cross forming. Broke through the 50MA.

Looking for 3 more hours to the upside then sideways action to align with the 4H and daily.
Comments
mbehrens87
What exchange are you using for the chart?
mbehrens87
We also have an inverse head and shoulders. If we break 15,000 and go north, we could hit 18800 in a matter of days.
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