Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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In the last idea, I outlined the levels and areas where it is already worth to gain short, the price has not reached 2 zone. After formed a head and shoulders that gave the signal for a correction. From whether a break of that line or rebound, I'm concerned about further movement. But I and the whole market in General is set to short positions. And judging by the situation, we are ready for descent After breaking through this zone, I will enter the remaining 30% in a short position
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I would also like to say about the importance of this channel in the future. We're more likely to be moving on it this whole time. The movement can become more impulsive and break down this channel, but it will be a long signal in the scalping position. But most importantly, the breakdown of this channel will trigger a large upward correction and "attention" the beginning of a huge correction from December 2017. Its historical value cannot be overestimated
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naturally, everything becomes more active after the breakdown of the last support at this level
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to explain where this level comes from. This is the last support of mikrotrend
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SHORT SIGNAL IS ACTIVATED
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jewelry retest because RSI is oversold
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perhaps the formation of a small flag, so without panic
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those who included in the position in my area, can move the stop to Breakeven
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updated situation on bitcoin
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intermediate levels and channels
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more distinctive and beautiful channels
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such correction suits us
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on the higher chart, we also continue to slide along the bearish channel