Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Current position- Long from 9685
In my last analysis I predicted we could be looking at a significant correction ahead, however after we have managed to hold inside the old trading range at 9650 I must admit I am feeling increasingly bullish . A daily close below 9650 would have me looking to short and target much lower. However, given that we are trading above 9650 and have closed multiple daily's and a 3 day above this level I am bullish . I am targeting 11.6 right now, a daily close above that level has me targeting #2.
Comment
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Stopped at breakeven on 9685 long, Current position long from 9550
9627 massive spot, hold and we are good to go, breakdown and we could be looking at a serious problem with the "bull market" narrative