Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Not much to update today; price action is lingering within a range. Is resting on the top of the channel so if we should expect support a good spot would be at the retest of it. However I am still bearish over-all as I don't think bulls will have the momentum required to bring us past previous NSH's, targeting TP2 and areas around if we cannot break our green lines fairly soon. If does break the green lines we have a bullish expectation and it is safe to be long. DI- also above DI+ with ADX starting to work its way up. Will try to see if any noticeable Harmonics on the chart as well for the 6/28. Thanks!
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To clear up any confusion, price will not go left to the circle, instead it is a zone.
And... what is your take on ICON? Its retraced 90% from ATH... and I think bottom was in at 1.45... but then again it can still go down to 0... (sorry not meaning to spam you with charts)
avito1
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Thanks for the update Godly... As I am sure you have already noticed there is a pretty strong bull on the daily... when do you think it will come to play? Is there still a bear fake out left (on the daily) to test the blue trandlines once more before bouncing?