BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Alright as you see we have convergence here and also support of BB bottom line and also 9k here.
We test bottom of ichimoko cloud already and we failed to break it.
So there is a possible up trend to test 9450 again.
If you see a support in rsi by the line and also closing this candle above 9150, it means there is a potential to test top of the channel again ...
About ma's we are lower than ma 50 now ... we are testing it already, if we make it to support us, we will go for a ride to test ma 200(Its about 9400).
Keep your eyes open, below 9k means down trend ...
I have to include this, there is a possibilities to see a fake out to 8900, be careful.
Daily could change every thing and move us to 8k.

Comments

Thanks for sharing!
BTC is traveling in a short-term downward channel, and currently has signs of traveling below the EMAs (8hr).
Do you agree with our wave count?
+1 Reply
AminHa4 Phi-Deltalytics
@Phi-Deltalytics, in high tf? Of course its in down trend...
Reply
AminHa4 Phi-Deltalytics
@Phi-Deltalytics, check this out
Reply
Seems like the support is rejected just now
+1 Reply
AminHa4 trumanhung_4
@trumanhung_4, we should see...
9200 is a tough one ...
Reply
Good analysis. Feel there will be some games played with the price over the weekend as per usual before we establish a more clearer trend early next week. I still believe we will see breakout of the higher tf ascending triangle to upside before close of the month. Need to keep an eye on CME futures though.
+1 Reply
AminHa4 TenSats
@TenSats, well forming cme will head us to near 10k this time
But about breaking it I don't think so
Because of daily and weekly divergences ...
Breaking those resistances and lines will head us to 16k
Otherwise I believe in a touching on 7k
Thanks for feedback
Be in touch my friend
+1 Reply
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