Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I predict that the lack of volume shows that we just don't have the strength needed to break out of this triangle in the short term and will most likely drop to test the resistance zone highlighted at bottom of triangle. As Bakkt approaches, I feel that we will most likely bounce to the upside once we hit the resistance zone. To where? The sky? Moon? Who knows! :)
This is overly simplistic to some but I was just focusing on short term action.
I'm a fairly new charter so constructive criticism is welcomed.
This is not trading advice. Please use your own judgement.