Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Just curious to get people's opinions on this simple inverse chart for BTC . You guys plan on going long or short from this view?
A lot of people are hoping for 0$, buuut in my opinion that's going to be slightly difficult until we can reach the previous peak, and then pass it. Looks like she may already be coming to a peak in my eyes, but hey anything's possible I guess.... Leave me your thoughts!!
This is probably as close to the bottom as we will get. But we should've already had a quick wick down to 2.5k but that didn't happen for whatever reason.
RingDing
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@bobjames1, I agree. It's also been taking a while to retest that previous low at the 3150 - 3200 area, which would mean it has to break that trend line for that to happen; which in my opinion would be a slow fakeout then back up, but i guuuuess it's possible it keeps slowly tanking. We'll see!