Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC bounced off the support just as expected and reached my first TP (take profit) at $23,800. BTC rejected hard and dumped very fast after reached the first TP unfortunately though, which was honestly unexpected. After this current rejection, I have charted possible bearish scenarios, as well as the bullish scenarios of course. I am still going to hold my long, but I will be cautious and might hedge a short, we will see.
BTC is in for volatile times, personally I would not use high leverage during the volatility.
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