Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Possibility of a Head and Shoulders forming here. Tenkan and Kijun crossed on the 30 minute are are "C-Clamping" on the 1 hour time scale, indicating Bitcoin might be heading south. MACD also is also showing divergence at lower timescales. A break down past 16300 would likely take bitcoin back to the 23% fib level or ~$15100.