Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Few changes have been made to extend the scheme and adapt it to higher levels. This will serve for long-term reference point.
Comment
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4th of January 2021 - high volatility
Comment
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So far price has exceeded upper band of the blue regressive channel by 1k This is quite notable and significant incident. If the price doesn’t go down for a correction right now, then it’s clear that price is heading towards upper band of the red channel.
Outlook: Expecting BITCOIN to recapture its $19915.14 high and beyond. Breaking above $19299.51 is the next upside objective for the bulls. (Fist a Bullish Evidence)
Analysis: The break above $19915.14 signals the second wave consolidation is complete, and the move puts BITCOIN back on track to challenge the next upside hurdle. The bulls are in control while $9813.00 - Wave (ii) - stays intact as support.
Bottom Line: A third wave rally is in its early stages. Subdividing higher within wave iii of (iii)
Note: Prices can vary between BITCOIN exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
ArsenB
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Everything seems to fit! Super..
Best luck to you my friend
cankarako
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Which scenario do you think will play out?
You are amazing btw, one of the very few people I fallow on trading view