Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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As we can see on the 4 hour chart, bulls are failing to cross the resistance at 11,000 Three doji's at the top, implies a failure and we'll likely witness a fallback.
Remember that Bitcoin is bullish at the moment, so this will be a risky shot. Another indicator to support this short is oversold RSI at 4 hour chart.
Happy trading :)
Trade active
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10,714
Comment
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Targets:
1) 10,576 2) 10,469 3) 10,362
Comment
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It's going up. I'll add more to my short at 10,850 (if it reaches that) to average out.
Comment
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Bitcoin is holding strong. let's set stop loss at 10,950