Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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I love it when BTC goes for a walk.... cheap cheap coins on sale here with buyers back from their vacation. Moreover they have their eyes on the $12,000 highs which they seem too fancy.
📍 And here for a change of scenery we shall dig into the LT macro chart. The multi year battlefield adds all kinds of clarity for our attack, buyers want to load the lows and trap any late sellers walking offside and catch them out of position.
The technical setup here constitutes a buying opportunity from a strictly risk:reward perspective too. The purpose of protecting the $9,765 lows is endurable for the most part, naturally the retest of support is easy to defend. As long as it is holding there is still hope! Here tracking for a move back towards $12,000 over the coming sessions with a tradable momentum gambit through the breakouts.
As usual thanks for keeping the feedback coming 👍 or 👎
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A quick chart update here as we approach the initial targets: