BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Weekly isn't over but holy f**k if that's not a classic evening star , I don't know what is.
Comment: Obviously I could be wrong on this like anyone on here but I've written about this before - markets do not reverse from one singular dip. It just doesn't happen. There is usually a period of restricted ups and downs which categorise what we would call a bear market. A period where interest falls, and the price simply moves up and down in a small range.

After that point, we see a strong move up to an actual bull market.

Could be wrong and BTC could well be an unusual asset - but history of markets is what we have to go on.
Comment: Well fuck, wasn't expecting that at all considering where we were at the start of the week

Stopped out (in profit!) so i'm out for now.


Good Setup mate, following you now! Have a look on my Profile I´m about to post a trade setup shortly aswell! :)
+1 Reply
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