Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The following is a major line of resistance that needs to break first and then tested as a support before the next bull cycle can begin. The actual inverse H&S will take the price action to test it, and since a year ago has been proved as a strong resistance line. And guess what? It coincides with the MA 200 on the 1D chart.
Trade closed: stop reached
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Price action failed to reach the neckline, then no more inverse H&S pattern.