Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Long Opportunity if trendline break of the handle
Comment
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Inverted H&S led to a Bull Flag. similar to the one before the huge drop. It went further than expected but still broke out. Retest of the upper trend in the 5 minutes successful. MACD in 30m crossing bullish. Stoch RSI in 30m looking bullish.
Next target breaking bull fractals on the 11200 and 11325 & bounce on the 11119 bull fractal.
Comment
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The Trade took longer to play out than expected. Trade was not stoped since the last fractal at 10757 was not triggered, this level was not broken since the area turned support. Took profit at the first red candle after the 1.27 fib. Would add to my position if 11325 was tested again and holds up.