BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Within 4hr, something drastic can be happen.
Volume is getting smaller, ATR is going lower.

Basis for uptrend:
4hr MACD looks really great.

Basis for downtrend:
now btx is hanging aroung 50ema in 4hr chart.
Ichimoku is looking bad.


I can see a lot of possible wedge , either uptrend or downtrend.

In short, "confusing"


But one thing we have to consider :
Other traditional market such as stock, forex are not stable right now.
Therefore, people want something for "value preservation"

Sadly to crypto holder, people seems to prefer gold to bitcoin as a value preservation.

So I think it is more likely to go down (massive down) soon

Aug 14
Comment: As I warned you, it start massive drop 4 hrs later

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