Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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BTC found support at 6550 and bounced a little earlier than expected, I still believe we need to retrace to at least the 6400 wedge support (possibly to 6000) before we have a shot at breaking this long term downtrend.
We now have a bull flag forming on the 1H MACD just crossed bull, RSI also bull. We might see a bounce back up to around 7k - this just seems to be a bull trap wolves, keep your shorts open. Try and scalp the bounce if you dare.
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Going as predicted here wolves, although we didn't quite reach the 6400 mark