Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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I thought it would pull back to retest the ascending tri horizontal breakout level but looks like that prior swing high caught it as support. it may still drift back to it but it's looking strong. It was a nice breakout on good volume. Measurement resolves around that prior consolidation area
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Pullback that had everyone calling for doom and gloom immediately upon losing 8100 was just a re-test of the breakout. Support was strongly confirmed with that wick. We'll probably resist 8.2-8.3 again but only a matter of time before we bust through to 8.5-8.6 imo
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near perfect pullback to the .618 of recent move. next leg soon