Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
btc is on a tear and seems unstoppable. Overall trend on all timeframes is obviously up so we are still looking for fresh longs. Currently we have a flagging range which we need to break out of to start the test of the previous high made on the htf charts.
However we did not test previous resistance as support and I'm expecting a test of this resistance area (which should now act as support) to fall in line with the golden pocket box on the 15min chart.
longs: on break of flag zone up or if we reach the golden pocket box. target previous high: $13800
If we manage to break previous high we expect to see 17k btc... exciting times!
More frequent analysis is done through our discord group: discord.gg/EQ3tNNw Want to learn the trading strategy? coinstreet.limited/product/e-learning-elephant-wave-theory/