Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Obviously not drawn to scale, more or less just a prediction for price movement as the bear continues 3 possibilities, all have nice room for a small alt season, will be looking at mid caps that have been crushed. ZEC XMR ETH....
A.) Femili Zone - First zone of support, i potential relief pump after touching lower support. - Reversal does not mean end of bear, be careful and take profits... prepare for next dip
B.) Dear god Zone - Second zone of solid support. Market sentiment thinks this will be the bottom, potentially see a very deep quick capitalization candle. - long term sideway or a nice relief pump, again doesn't mean end of the bear.