Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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10 000 BTC has just been purchased at Binance exchange. Such entry pumped the BitMEX price index. The price went down sharply afterwards confirming a fake pump scheme
What does it mean? Someone hunts for short positions' stop losses, this is a dirty manipulative pump and down scheme. Whales practice such strategy to liquidate majority of market players with a "correct" forecast to earn profit and set a better position before market naturally moves. They have more information about the market and thus they know direction of further price action far before it happens
The situation looks like we will have a sharp decrease soon. The forecast is enhanced by technical analysis. Although many trusted indicators are bullish now, they could have been affected by recent pump. The more important is trend analysis at this time.
We see the triangle has not been finished and currently we have a fake breakthrough after a fake pump. Lets wait till the price pumps with another spike and take short position. The safest entry points are drawn at the chart
Support us with likes and comments lets move this idea to the top so more people will be warned about the situation
Best regards, SkyRock Signals team
Trade closed: target reached
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The price has reached safe short level $7 300 and then went down till the current level of $6 700
We did a great profit throughout this trade. It was +8.2 base percent. We used leverage x12 and received +98% ROE