Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC 3/8 12pm EST: RC = downtrend / Fib 23% / Falling Wedge x2 - RC channel (red/blue): showing we have left the most recent uptrend - headed down again - Fib retracement: 1 day retracement puts us at the 23% Fib line at 9232USD - Double top: charted yesterday playing out - first set of resistance from that also at our Fib line - Falling wedges x2: it took 2 falling wedges to bring us exactly down to this point, and yet again all the TA syncing up
Next steps? - double top easily playing out to mid-8k - inverse Head & Shoulders charted yesterday (yellow) still playing out its full shoulder putting us around that same mid-8k
Comment
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And down we keep going!
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wow look at it drop right on time with the rising wedge!