Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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In my last analysys I was bullish and btc was near my first target (10600-10800). I'm still bullish but looking at the indicators i think that it's time for a small pullback.
- Adx and DI show that bulls at the moment aren't strong, but they are here and this is important.
- Squeeze momentum did a lower high, while the price did an higher high, this is bearish
- MFI decreased while the price increased ---> bearish
So what to do now? If you are long, it's a good time to take some profit. If you are short (why are you short?) hope btc will reach 10200, then close the short. If you don't have a position, think about 10200 as an area to open a long position.
I'm waiting 10200 to increase my long i opened yesterday. I think isn't a good idea go short now, so let's see what happens if btc will reach 10200!