Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC has been struggeling to pass the 9477 key resistance level. however there is still a chance to go up some more and finally break that level if and only if we don't pass the bear finish line first.
We've currently entered the golden pocket of the entire wave structure and have seen a decent reaction. Key now is to break the ltf downtrend and test resistance once again. If the ltf downtrend stays intact next level to watch is the "bulls final stand".
If we pass the "bear finish line" level I'll flip bearish on btc and will start to look for shorts. Untill then the longer term trend remains up and as the saying goes: the trend is your friend, dips are for longs.