Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Following on from my triple bottom reversal analysis, we've seen the pattern morph into a 'descending broadening wedge'.
We saw chop yesterday which a lot of people were putting down to manipulation, however none of the original triple bottom reversal criteria (except perhaps the volume) has been invalidated. We now have additional support in the form of the above.
Comment
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We need to hold 6.5 for a daily close - and a good weekly candle, then i'll go in big.