Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Bitcoin is at diagonal resistance in this overall descending triangle pattern. There's also some 4 hour bearish RSI divergence. If it does break down, I'm targeting the 200 DMA at around 7800. Buuut, a breakout here into the 11000s, to me, would mean a change back to a bullish trend. I'm still sending the short trade #effthehaters
Also, started using rotated rectangles instead of trendlines. They give more margin for error :3