Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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After trying to support on 0.5fibonacci level, PA is still inside channel, and probably is going to test and bounce near 7K level, where 0.618 is.
Although is an important level, and there's a possibility to be enough to start the bull cycle, TA wise tell us that black trendline needs to be tested confluence with 0.786 fibonacci level, near 5K level, so importante in the past, even in 2017.
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MACD crossing zero line
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ADX-DI: Bearish crossover, ADX still indicating sideways