Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
During the day a new pattern, that is considered bearish has come into play and possibly marking a high, a diamond-top. Also taking into consideration, that we have developed a bearish ascending wedge, it becomes more likely that we have seen a local high now. Possible targets for this are not 8k .... those are $10.7 and 10k, where we would have to look at the possibility of making a symmetric triangle which can go both ways, instead of the former mentioned ascending triangle which is rather bullish nature.
This is only H2 interval, so nothing that is going to have an intense influence on the further longterm development. Keep an eye out.
Diamond top.... hmmmm... You may be on to something.
Cheers! ;)
CryptoTrend-Alerts
⋅
Hi, Nice Chart.
I do not belive in bearish reversal before Stop Hunt.
Gl4diator
⋅
@CryptoTrend-Alerts, I don´t believe in anything anyways, I am keeping myself out of trades now until I see a certain break either way. :) Generally I agree with the 13k theory, fairly possible. I would like the idea of a bullish ascending triangle mid-term. Thnx!
Cheers! ;)