BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
A few key points to review

- Volume has been increasing as this breakout from 67s occurred

- High lows are continuously being formed

- Gap to 7700 looks to want to be filled, as volume continues to increase and the orderbook for resistances looks thin between 7200-7700s.

- Traditional markets quarterly earnings will be releasing over the course of the next 2 weeks. As most earning reports will be poor, I expect traditional investors to hedge into other asset classes including Bitcoin .

Comment: Sticking to the plan for $BTC as follows with no changes for me at all per prior chart.

- Looking for a strong daily close above 7220 for me to stay in.

- If we break below 7150 on the daily, I will look to open additional shorts.

- Currently flat after a quick short from 7310

Comments

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