Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
We had a typical short squeeze run. This was the void needed to create liquidity for further downtrend (unless we break the 7800-8200 range). Price is still below std dev 2, so this will be a major test for BTC to determine which direction it's heading. Since there is no confirmation that this bear market is over, assume we are still in an overall downtrend.
Short orders placed from 7295-7443. SL 2% risk. Target 6860-6993.
Trade active
⋅
Shorts filled, let's see if we break this high or go for a deep correction.