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onwardbtc
Nov 25, 2019 11:10 PM

Bitcoin And The Wicks Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

After a little relief rally on Bitcoin, we reached prev. support which should act now as resistance. Not only we reached resistance, but we also wicked out just some $ on XBTUSD. This can be seen all over crypto. Look at the EOS chart I linked.

Looking for shorts here and maybe shorts all up to 7400. I don't think this selloff ends like this.

We also have struggle to get in the 1h Ichimoku cloud.
MACD is losing momentum and RSI goes down.
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