Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I was noticing this fractal start to take place with the sharp volume and candles followed by smaller fib movement. When scaling the last 2 weeks movement into the next 2 weeks projection it appears very plausible. If you take anything out of this it points to taking a short in the $6400 range. As for if it will actually break 6k this time, only time will tell if the emotional support will last and bring down to 5.9k range.
Comment
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Ive located a butterfly harmonic forming with a completion at $6290 to $6240 range. Supports fractal continuation and touch to .786 fib around the 4th