Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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BTC symmetrical triangle formation can result into either ways. But the chances of dropping are higher than pumping at this current scenario of volume. If volume further dropped BTC can dropped upto 7600.
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Two possibilities-
if it dropped then might it will touch to 8000 and jump again to same current level and if it crossed 8000 then definitely 7800/7900
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It goes as per my analysis.
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As predicted BTC hit the target. So now there are now 2 possible scenarios here. First BTC broke the channel support at near 8000. So this can be a sign of big move to 7600/7500. In second scenario if BTC tried to get in the channel again after some consolidation then we can see a big move above 8200-8900.