Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
Comment
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update
Comment
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update! (click this chart and press play) expecting a bottom to be found soon .
@CryptoCow, the last ABC is too small. May be that's just A
CryptoCow
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@Casey7485, I thoughthat we're gonna only correcht the new wave (in white), it would be perfectly fitting for that.
But now I think that what I have seen as a new wave, was actually just wave 5, in this case now we would correct the whole move up from 6,6k.