Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Bitcoin has seen a tremendous rally recently, and it really is too bad that it may come to an end in the mass red. After rising more than 100% from its lows, Bitcoin needs a correction to possibly re-test some of the supports it has made earlier. I see strong support at 6,600 and very strong support at 6,300. I am looking at these targets to close my short at. Luckily we can proceed with a tight stop loss, so we are not risking too much to participate in this trade!
That will be all for this Bitcoin analysis!
As always friends, I wish you good luck trading!
And thank you for supporting me.
-Trader Demo
Trade closed manually
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Closed for 72% Looking for a short term long to 7000 ish