Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Be cautious here guys, rejecting off the range EQ is dangerous. The weekly swing failure pattern that is developing is equally as concerning. Combine the two and it is time to go to cash and wait. I am short from 10230. A weekly close above the EQ puts me all in again and ready to buy the dip. Until then I will hold my short. Good luck!
Comment
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Imo as long as we hold above 9650 we are bullish. I closed my short and opened long when we reclaimed the 9650 range on lower time frames. I am currently long. I will look back at this idea as being valid IF we close a daily at least below 9650. Until then my bias is long.
I apologize for any flip flopping I am just playing the game and trying to make money lol