Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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My plan A) - bullish setup
Comment
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The most of lower TFs look pretty good - bullish. So, that is the main reason why I want to take a look at higher TF, at 1W: a) Volume profile has been decreasing for last weeks. But the price is increasing. Usually it is bearish sign. b) RSI-Stoch is heading to "30 level". So, currently it is neutral signal. c) Just MACD indicates potential upward trend continuation.
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Despite today's dump ... looking at 1W chart ... Bitcoin looks good. I can see a few bullish signs: a) MACD and RSI have bullish shape. b) Weekly volume spiked up the average. c) Looks like we close with bullish candle weekly.
Do not be surprised, if BTC test $3600-$3500 zone again. But, in general, target $4250 active.
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From the daily prespective ... #Bitcoin is pretty brearish. If #BTC lose MA55 ($3644) support, we undoubtely go to $3400-$3300.
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BTC: 4H TF is interesting, because we have potential Hidden Bullish Divergence (price makes HL and RSI makes LL).