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NeoButane
May 6, 2018 9:05 PM

XBTUSD - Possible huge bounce or a freefall Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

Pivots (HLC) - Fibonacci Daily
Fishnet HullMA
(BXBT * P. Index) / 3 VWAP (A WIP for the funding calculator, can also be used as sentiment et. al)

This is a "buy the dip" scenario for me because it is within range.

Although a bear flag has formed, it may be invalidated if it holds.

Very bearish signs of a drop due to the Fishnet MAs converging together. However, this is not the case on higher timeframes.
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