Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Now, since the tether case where finex (and other USDT based exchanges) shot up in the sky, an interesting difference has also now occured. Forming bull flags are different patterns as well...
My assumption is that the surge on other exchanges was caused by finex/tether but the rally was heavily rejected by major downtrend line.
Finex has broken it’s downtrend and are flagging with continuation triangle. We are very close to apex on all exchanges. A single push from finex will break the falling wedge upwards.
Although, future closes today which normally means (every other time) a sell-off...
I’m long since 6161 and can’t wait to see what happens :)