Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Sell volume and squeeze all accelerating. MACD signal line crossed 0. Price is below all MMAR ribbons, tenkan, kijun. and both senkou spans. If we draw a line straight forward from the last chikou point even, we are hitting it right now moving downward. ADX on the rise, DI divergence in the sell direction. Stochastic MTF says undervalued, so this may not be the best entry for a short at the moment, but expect the price to move downward. Look for key long term support levels to open long positions. The market is stormy, I would wait until we have a grip on what is happening in the long term.