BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
After hitting the potential yearly low, since then XBT has been trading in BULLISH CHANNEL , where price kept moving up and down to test top and bottom of the channel.

Price hitting the bottom recently and is expected to re-test the top of the channel again which may possibly take us off this long term symmetrical triangle that XBT had been trading ever since last bullrun.

Possible support and resistance level shown with BLACK DOTTED lines.

Buyer stop loss should be around 5912$. If stop loss hit on buy we can easily see previous low or further low.

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Trade active: One of our previous view on XBT
Trade active: Hi guys,
I saw a potential pattern on XBTUSD, can it be for real.

Trade active: We may possibly have this wave pattern.

Trade active
Trade closed: target reached: First wave completed

Trade active: Correction completed, its time to move up again.

Trade active
Trade active
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Guess I was right :)

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Thank you for this analysis, sitting now for the next episode :)
+1 Reply
Very good analysis, thank's for sharing !
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@DAT34, thanks
Reply
Best analysis as always, thank you man. Please check BCH for us.
+1 Reply
weslad kboy10
@kboy10, alright thanks for your comment
Reply
Great job as usual my friend. Keep it up.
+1 Reply
weslad alanmasters
@alanmasters, thanks boss, I appreciate your comment as well all your supports.
Reply
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