Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Looking at ABC evolution from the 20K I believe we can make a new low in the region in 2K-3K. My first target is 7000-7400 and there I will review the data. To happen this, the support line at 9000 will have to be broken and hold. Due to global instability it can be canceled out this low and reverse the trend by creating a new high again.
Comment
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Many times he tried the 10300 with no effect on the bulls. It's not a trap, we go down to regain the momentum for the next bull run. Wait for that 0.786 to break and follow through.
Trade closed: target reached
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Target hit. I will review the international contexts and come back with new ideas. For now all look good for the bitcoin.