Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Contect for the Resistance at $12000 levels is very good. Wedge, Measured Moves Based on Height of Trading Range, Bull Breakout.
When did you see 2 Bear Bars Closing below mid point and this much big bear body in last 30 Days ?
Bulls have taken profit at the Resistance. I can say that Bull Trend is Over, We can see Trading Range or Bear Trend. With good follow through for Bears, It is very likely to see Bear Trend.
@ProjectSyndicate, Greed Index is around 75-80. Most of the sentiment is bullish in the market and we can see trader ignoring any Bearish ideas. Chat is showing weakness.
enementall
⋅
is there any time zone ???
Good_Trading_Calls
⋅
@enementall, Reversals are quick for Wedge. For the Worse Case, We see Sideways Market. Otherwise, Market should be quick to test out the Lows.
Quick Means = Time It took to form the Wedge.