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Acel
May 11, 2019 3:20 PM

XBTUSD - Close to a blow off top 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

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Another extended leg, should be topping after a consolidation into a last push at the 8k https://area.https://www.tradingview.com/x/UJkZjY7H/

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Daily volume in decline despite the big % wise moves.

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Expecting more ranging the next few days into a last push lower before testing 7.8k again.

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BTCUSD at resistnace and BTC.D trend potentially turning down soon tm.

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Regardless of the Elliot, this is an area of resistance, so i will be monitoring the area between the red and yellow fibs for any LTF rejections.

Range looks distributional and this can be a UTAD.
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