Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hidden Bear Divergence w/ BB %B
Divergence also exists on higher TFs
Divergence exists with a BB %B of length 30 as well
Break down of wedge expected before upward continuation to test 8K as resistance, however targets for Bear Flag are presented in case of downward continuation
There is a High probability, Low Risk Short Set-Up present, but this post is purely for objective analysis.
R:R on long positions is unfavorable at current price. Low Probability, High Risk.