Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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FA: - G20 summit (markets been pumped prior to that event - dump on event) - CME futures expire - FED reduction - 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event)
TA: - notice very strong trend channel of entire correction since 6300$ - two gann fans supporting possible outcomes - RSI bearish divergences - RSI bearish historical resistance - Stoch turning down - EMA100 (2H) on the top of channel - 4180$ - EMA10 (1D) on higher line of the top of the trend channel - 4410$ - EMA10 crossing down EMA100 on 1W - already 2x 4D 10h intervals before falling
Conclusion: - BTC and other markets been artificially pumped pre event this week, and my expectation is that they will dump right before. - One exception here is Consensus event that was known to pump crypto during entire conference of Consensus conference editions. - BTC could break higher of course eg. as Gann fan indicating 5.1k till Friday, though I am not really TA enthusiast after all I wrote. Was looking to support my FA and price action bias, to be precise.