Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
⋅
Early I had posted my interest in our bounce from the golden pocket. It retraced from the bearish divergence as I expected, and has seemed to have broken out of the prior decending wedge. However! Just ahead lies the heavy resistance in the 9100-9250 range. The confluence is what is concerning. It lands right on the .382 dead count bounce FIB, as well as the top of what appears to be a decending channel now. Breaking through that resistance and this channel and establishing a HIGHER HIGH as I had mentioned before is our next goal. Before that happens, we are still in a downtrend. I'm nuetral/leaning bearish right now.