Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
ABCDE Triangle still in Play: Leg D touching TL Resistance @ 9700 Leg E - Target: 9200
In EW: Leg E often retraces 50% between TL Resistance and Support FIB Ratio: 0.50 = 9200
9200 has liquidity and acted as support 3 times during May on runs to 9800-10000 Breakout from Triangle = Target 10500 Resistance (FEB 2020) Invalidation = Loss of 8800 ==> loss of ABCDE Triangle and Major Support the month of May