Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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This is amazing, the market is still holding the price at the huge resistance, the top of the triangle where we are trapped since December 15th. While I´m long in some alts, I´m still very bearish on Bitcoin, I just´t want to be short whenever the whales decides that is the moment to dump BTC, and that moment is getting closer day by day.
Bearish divergences all over the main coins facing big resistances and oversold alerts everywhere. The price keep forcing a small upwards moves while there is no indications of real volume to perform it, does it sound suspicious to anyone?
Anyway, I´m ready to whatever whales decision, if you see the blue one on the top, that´s a huge trendline created in January 2018. If, just if the market mange to pump it up around the trendline, believe me, that will be like crashing a car against a concrete wall, so my next set of short orders on BTC, ETH and LTC will be all around those levels.
Let me know what you guys think down below, I´ll be answering any question you have. As always thanks for watching my analysis, don´t forget to click like if you find interesting this post :)
Comment
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Typo: I wanted to say that the alerts indicates overbought.
Comment
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Sell wall in bitmex at 140 and another even bigger at 150. The price loosing strength on the ADX, how long more they will hold this nonsense?
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Tensorcharts is showing big resistance from 4140 to 4160, how this is still up? Unbelievable, there is literally nobody buying at the current levels. This is just a matter of time until gets tanked badly.
@Gwills, it may be what we needed to finally collapse down hard.....or it could stay up now that it broke resistance.
Coinamic
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@cprime, no I didn´t. The thing now is that everybody is calling the end end of the bear market, I wouldn´t be that sure tho
WangLai
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Thanks for the info this doesn´t look good indeed.
Coinamic
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@WangLai, No this is odd, people need to be aware that they could tank the price suddenly before you even realized.
Stricken
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I agree with you, I think that there's a big dump coming. Market sentiment is overall bullish, Stoch RSI is overbought on the weekly,we have bearish divergence on the daily and there's a huge resistance range between 4.1~4.4k USD... I've been expecting a dumb sooner tbh.
I wouldn't be surprise if we pump a little bit more to get some more retail fomo in, just to dump later and screw everyone over.
Stricken
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@Stricken, typo: expecting a dump*. And volume is also a joke for a move that is about to break market structure.
Coinamic
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@Stricken, absolutely, I wouldn’t be amazed to see an artificial pump neither. Funny, many “experts” here just call manipulation when whales dump the price, but not when they artificially pumo it or hold it. And yes, this is pretty much retailers doing their thing.
geradomx
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thanks for your excellent content! check out please my ETH analysis.