Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Setup for BTC based on fib projections Strong move down breaking prior support, then another strong move through the .5 of the fib projection to set up another leg down. Within this move, there was a strong move up, which sets up an internal projection, giving entry for the short twice. Big money to be made, little risk.
Comment
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Entry and target acquired, flipped to short, adding on up to 6940
Comment
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Last attempt and then profit target almost reached
Structure is now looking like a rising wedge, I expect a failure to rise to upper trend and make new higher highs. Should see another attempt though and then BTC break down through lower trend at least to the beginning of the move up