Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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XBT has bearish momentum, broke short term trendline, and now still heading up on a positive trendline. Bouncing on the resistance but this time below 20MA, bulls getting weaker.
Bullish if: fundamentals gain strength (e.g.: major players moving into BTC - FB, Paypal, etc.)
Bearish if: all other instances If 18.5k support fails, we're down to 16.5k
Waiting for RSI move and price action on 4H and 1D close