Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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There are a few reasons why I'm currently going long with Bitcoin.
1. It recently had a big dump that rekt a lot of longs. 2. Now you get a lot more shorters (also bottom shorters) 3. We hit 2 daily levels as well at 8420.5 & 8357 4. After killer wicks that go both ways Bitcoin usually goes back to the mean.
These 4 reasons are why I think we will see at least 8.6k+
Trade active
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Keeping an eye on this pump right now to see if we get any follow up or that it will be another slow bleed.
Comment
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Shorting this failed rally to rebuy lower.
Comment
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And I'm back long now, seems like the dump was temporarily.