Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Overall bias: SLIGHTLY bullish.
Volume is low and the week is largely over for the rest of the world. Indicators have leveled off and price action is ranging. With volume so low, I expect some kind of small 2 to 400 dollar move in the next 12 to 24 hours.
There could be a hard pump if the whales choose to pump (as is often the case during low volume times).
I believe that move will be range bound and upward to retest 10800. Again, a hard pump could move us past this area. A break and close CLEANLY above 12200 will have me more bullish in the short term.
***Any information here is NOT to be used or intended as investment advice and is opinion only. Please consult licensed investment advisor before trading as your capital is at risk***