Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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No bull run until this waltz ends.
Comment
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Futures expire tonight which may be why price has stalled above 4K and may also mean imminent drop.
Comment
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I was wrong about the price drop, shorts got squeezed. Still seeing the same correlation as mentioned previously. Bullish narrative is gaining momentum now with bitcoin now in the tailwinds of 2018 bear market. I still think a drop in price and a break from this correlation will need to happen before the bull market can begin.