Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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This is a 4 hour chart of XBTUSD. This chart looks very nice right now. We have been on a bullish trend for 2 days now. Amazing. Since my XBTUSD Fractal chart worked out really well, I wanted to show this one. I have taken this fractal from $3600 to last years high, over 19k. (fractals just give you an idea of possible trend patterns, fractals are never perfect or right) I have set a few resistance lines, but the MAJOR line we must break is in the $11700 range. If we can break that line we are on a nice Bull Trend upwards, but we must make new highs first to get us there. XBTUSD has respected the Major trend line in red which is also a great thing. When XBTBTX break 11k area Alt coins should also be looking very well. Remember XBTUSD is the GOLD and ALT coins FOLLOW. My future 4 hour XBTUSD predication is located in the 24k range. Lets get there :)