Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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I spotted a Bearish Triangle on Bitcoins 15m time-frame. It gave me bearish vibes for future price movements. Expecting retracements to the outside of the triangle until confirmed Breakout occurs under 10175.00. I marked my entry level on the chart. Profit level is set at a key Fibonacci level.
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Trade closed: target reached
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Take Profit Level was Filled. Another Great Analysis
You need some more hits on the upside, so let's just make it a bearish wedge. Then I'll see your pattern and up you a hidden bear in the RSI for a continuation. It's so low volume and so many scared right now, whales could probably just push it any direction they want and ride the liquidations, but that's what I see right now.
lobfxempire
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@Jeff_Cryptopop, Great analysis! I found a bunch of more confirmations along with that one.
Jeff_Cryptopop
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@lobfxempire, and we dropped. Not sure how a bounce will go, or if it will break. Low volume day, but only the US is on holiday.