Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC is being stucked at the MA50 on 1D timeframe with a Doji candlestick. What should we expect? We should prepare for 2 possible cases : 1. Higher chance - Uptrend - BTC will pass over 7400$ - This doji is just a bear trap for next pump. - But it will stop around 7500-7600 and come back 7250$ - Then pump strongly to over 8000$ 2. Lower chance - Bear's turn - BTC will form a Doji for true and dump back to under 7200$ and bear will slab BTC again! - Target of this dump is abour 6400-6600$