Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Target 2700 with Invalidation at 3675...3/1 R/R Low leverage needed...VERY RISKY due to divergences and general oversold conditions.
Comment
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Update on first two targets, ultimate target still 2700
Comment
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We have what looks like a falling wedge which can be a reversal however just remember, back in the bull days we routinley had ascending wedges that broke upward...don't discount the possibility that this descending wedge could break downwards.. I will probably long a breakout up and short a breakdown