Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I see a strong bullish divergence on the 4h chart. Additionally Bitcoin undercut its established trading range, suggesting a bounce back into the trading range and even higher. If we would have a breakout of the trading range to the upper side I'd be bearish, the RSI alignment and the undercutting of the trading range give me some bullish confluence. Longs will be taken as soon as we reclaim the trading range.