Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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We see from the end of June after peak, there are two big level adjustment, I did it in the previous description, compare the former two to form the features of the head. The following conclusions are drawn
In common
I chose the 2-hour chart as a reference, and we saw that the first chart was on July 10, and the second chart was on July 21. In both cases, there was a 2-hour peak deviation, and then there was a large adjustment trend. This time around, there was a peak deviation on Aug. 6, and it is now adjusting.
The difference
Yesterday and the day before yesterday both challenged the high point of 6th. Although we failed, from our position position, bm and ok positions are increasing, which indicates that there is a big difference between long and short positions here, and it is possible to launch offensive and defensive battles here.
conclusion
Long and short here have gathered a heavy army, and bm position back to the end of June water level, ok is all the way up, about 1.6 billion position should be very high, once the formation of a trend, the theory will not stop immediately. So the breakthrough here should be pretty devastating.
strategy
For cash, we think ma6 is an important holding standard, below please reduce position.
As for the contract, it is not suitable for you to participate, because you will die if you choose the wrong side. It is better to follow the trend after it is formed.