Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Nothing remotely fancy. Bitcoin rarely refuses this bear play in its history. Namely see 3k and 5k tops.
Comment
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First big target 17k. If that breaks then main target 14.3k.
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A huge, quick move like that almost guarantees we are bouncing. Check 4h ichi and look at the past movements into the cloud. Now try to buy the dip.
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Forgot to update but we entered 4h cloud and broke major trendline from 5.4k (higher lows). Will be pretty amazed if we don't correct to at least 14.3k here.
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Target hit!
Now if we fall out of 4h cloud I'm expecting 11.7 or 10.5 -- those are Bitmex prices, too lazy to find Finex equivalent, but they are not that far apart just now.
Comment
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Some cautious knife catching - bounced off 1000h EMA