Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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CryptoAST XBT USD UPDATE
We stated on our last breakdown that BTC and XBT will be hitting highs at 10535$ and thereafter, we would get a reversal from this price all the way down to 8500$, with exactly that occurring. We gave multiple long real time calls from 8,700$ to 10,535$. Before the bearish activity started, we gave short calls from 10535$.
We will give you an update of the market, per usual once again.
- Looks like we will probably be retesting the 8524$ support level and breaking support of MA’s. We stated in a brief update yesterday that we would be going up to 9300$. Highs of only just under 9000$ was received. EMA supports now seem to only be at 9200$. We had hit EMA 200 on the hourly at 9000$ with resistance faced there.
- We are seeing XBT momentum indicators showing up bearish on all TF’s above 1 hour.
- We essentially expect the drop to 8524$ with support being found here to take us up to 9,100$ before we then move onto dropping to the downside further to 7484$ ; the next strong support floor.
- We expect the bears to keep control till 7484$ at the minimum.
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