Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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So we currently are looking at a test of major support that coincides with the weekly pivotpoints level of support and support displayed on the gannfan.
Short term bullish outlook, we break above 9.9k-10.2k range and soar to 12k to retest the higher resistance levels in the long-term.
Short term bearish outlook, we break below the gannfan and pivot supports here and crash to 8.2k-8k to test new support at those levels.
Personally, I'm leaning towards a bullish outcome here, but we will see - it's a biased outlook.
Comment
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On the 15 minute chart, we bounced perfectly off that Gannfan support.
Now let's see if we can hold this 10k support and test 12k.