Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Going back to MA200 on the 4H timeframe, Bitcoin (XBTUSD) has been going above and below this level on multiple occasions, basically giving us a sideways Bitcoin since late November. This Bitcoin looks like it will eventually make a strong move to either side... In the meantime, the altcoins continue to grow.
We can clearly see a descending channel marked with purple dotted lines, as well as a big bullish flag.
We have some mixed signals here but the bulls are ahead as long as XBTUSD remains above MA200 and EMA10.
The important support and resistance levels short-term are marked on the chart with dashed blue and magenta lines.
Thanks a lot for reading and for your amazing and continued support.