9600 is decent support, we can bounce to 11k from here! Long

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Feb 17, 2020 12:15 PM

The rally has very shallow retracements +- 10%, meaning its giving people without position waiting to buy a 30% dip no chance. Which is pretty bullish! I think we can bounce here and do another leg up. And maybe at 11k or something we have a big 30% retracement.

Comment

⋅ Feb 17, 2020 2:31 PM

alot of selling pressure, i think 9200 is the level from where we bounce

Comments

Bitmextrader22

⋅ Feb 17, 2020 12:59 PM

Do you see a Dead Cat Bounce???

Hyru

⋅ Feb 17, 2020 1:12 PM

@Bitmextrader22, Well not a deadcat, but i see 30M+ buy offers above 9400 , so decent chance we bounce upwards. :)