Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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With treasuries below inflation for only the second time ever in history (btw first time happened at the end of 2016 before monetary tightening). Global CB's are co-ordinating easing this late in the cycle makes it a matter of 'when rather than 'if' BTC will explode. This is the perfect environment to be adding on the dip, and a must have for all portfolios! My readers following on this swing will remember trading the lows:
The Waiting Game
Marching Troops To The Border
Destroying The Defence
Seizing A Breakout
Flirting With A Break of $10,000
On the short-term flows it was crystal clear we would get the retrace as soon as Tokyo and NY offered the open, we lost the highs with a fresh breakdown. This dip is a buying opportunity as highlighted in my latest idea:
...As usual thanks for keeping the support coming with likes, comments, charts, questions and etc! Jump into the comments with your views!
Comment
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Tracking 9350 on the day to start building longs this week