Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Price continue with this stubborn Symmetrical triangle. The symmetrical triangle pattern is notoriously difficult to predict. It depicts a situation where supply and demand have reached equilibrium.
Taking a close look on the pattern been painted within the triangle we has series of falling wedge pattern forming and each time price breakout of these falling wedge it proceed to form a typical Bull flag which perfectly so far been painted currently on the chart.
In addition to this we also have a potential ISHS been painted right now also with targets shown on the chart.
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Spotted identical Bull flag on daily timeframe with price already break out from the flag and doing a re-test. We need to have close look on daily candle to see how that develop.
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This is basic triangle outlook, let see how this develop.
To see THE TRUTH
OR where it will go
one need to have equally beneficial positions in both short side and long
- otherwise all indicators would always point in a direction of vested interest: because they have plenty to offer whatever you want to see ;)
@yuriysadoma, is this a long way to say "Confirmation bias"? ...(which we are all guilty of) but if you open long and short equally you end up with a Zero sum game
ferGOD
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