Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Areas circled producing very similar price action. Expect to see 1-2 ~40% moves in this range. We are in the lower range of exiting prices. ~$3100 local bottom is not confirmed.. yet! As you can see, in 2017, we made slightly higher high before the selling wick. Exact same price action (except being the inverse) to what we're seeing currently in bitcoin.
Let's just wait and see if similar pattern plays out.