Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Since the local high at 13.8k, BTC has been in what appears to be a descending channel. Also sort of looks like a slightly extended 3 falling peaks formation, but that's not really my area of expertise.
So what do you do when a descending channel is formed?
You crack a bottle of your favorite alcohol, short the tops and long the bottoms (if you're brave).
As of August 7, 2019, I am short. This will get invalidated on on a significant break upwards of the channel, at around 12.5k.
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XBTTENTACION
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@transparent-fx, thanks brother, i'll check out your content. im always interested in forex setups
GranCoupe
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@transparent-fx, TOP author, we can see your content on the front page already. Just FYI