Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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After what seemed like a bullish morningstar reversal of the trend, we ironically saw the same reversal happen again, except this time bearish. Since the bulls are having a hard time pressing this up, we could soon dip from the top of the channel downwards, easily $150 or more. Combine this with an overbought stochRSI on the 15 and 30 min of 1.00, and a bear trend in the short term looks inevitable short of bull manipulation.