Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Check these lines on chart, BTC is respecting them well, for proof check my previous ideas at bottom. I will keep you updating . If like my work, like and share with friends.
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Got support again on pivot. See how price is respecting our support and resistance lines.
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If broken then next support at yellow line, then teal and green line.
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Did you see how accurately it is playing with our lines? It got support at pivot, then went up to test where the long term resistance, teal color line and yellow lines were together and rejected from there. Then came down to lower yellow line. Now it is trying to break that yellow line. If successful then we have S3 as next support and then teal color line.
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Testing lower yellow line, if fell, next support is S3 at 6325. Just below teal color support at 6300 .
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Price ran up again rejected by one of our lines, which is pivot. See how accurately it is playing between our lines :
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And this got resistance again on one of our lines, check R3 and Red resistance line, Big green candle closed just on red line.
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Do you want more proof that BTC is playing between our lines:
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You can check above chart and previous idea to see that these lines were plotted many many days ago.
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Again this got support where we have 3 lines: Long term trend line (dotted) Teal color line S3
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If you are still following our lines, you must have made profit many times in last 24 hours :
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And again! Is not this amazing guys? Profit on profit :)
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On 4H chart BTC has broken long term support(red dotted line), that means it is highly bearish again. We have next support at 6300 and then 6k .
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Here you go, as predicted, first it got support on 6300 and then 6k, see how nicely our lines are playing: