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MarginChef2
May 30, 2018 4:59 PM

Bitcoin consolidation in to reversal to 9-10k Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Yesterday bitcoin saw a bounce to around 7.5k however today it has come down to about 7.3k at the moment however I expect it to go back down around 7.1k and then fill out the triangle I have drawn. There's evidence for this to be a triangle based off the top, however not really the bottom so this is a little bit of a guess, I'm just looking for a nice entry instead of waiting for the triangle to fill because I fully expect a reversal. I believe 7.1k will hit and be a great entry for a trade over the next month.
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