Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Falling wedge lasting 6 months, apexing into major 6k floor support. Time cycle mirrors the bull trend from the 3k bottom to 2019 top. 2D finding support on 200MA.
6K floor taken from on this 2M block that preceded the major down move to 3k.
12D respecting the 6k floor/2M block perfectly, printing a buy setup with a large bullish Doji candle.
5D finding support on 100MA & 200MA and printing OBV Volume Divergence.
Comment
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Another test of the 6K floor. 2 Days triple bottom forming.