BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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Hello guys,

I saw a falling wedge in the 4H and 1H chart.

10.100$ is important Fibonacci support points for us, if this point is broken then we can see 9.800$

RSI and Stoch RSI seem bearish as well. That's why in my opinion we can see 10.100$ or 9.800$ again. However, I am bullish in the long term. Also, the volume is getting lower day by day, which can be a good sign of bearish movement. Another sign of the bearish movement is Ichimoku Clouds , price is below of the clouds right now in 1H chart, however, price is above of the Ichimoku Clouds in 4h chart but there lack signals for calling long at the moment.

In order to call a long signal using Ichimoku requires:
  • Price should be above of the clouds
  • Price should be above of the TenKan-Sen
  • Clouds should turn green from red

What I will do is, I have created some long orders partially which is starting from 10.100$ to the 9.800$ since I think bulls will find really huge support from there then break the falling wedge and also break the ascending triangle which is coming from 13.927$. I think our new target after this movement will be 10.900 which is a 0.618 Fibonacci resistance right now.

But first, we need to close a candle above of 10.455$ resistance which bulls could not do it yesterday.


Best regards,





Trade active: We reached our first target now, I am expecting a huge come back from bulls, let's see!
Trade closed: target reached: First, we reached the first target point which is between 10.000 and 9.800 and then as expected, we broke the falling wedge.
bravo
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As long as the market movers keep thumping the price to 10350-10380 people should be absolutely slaying profits. I have quadrupled my balance on margins thanks to these kind fellas.
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FakeSnake FakeSnake
@FakeSnake, maybe they will thump it a little higher this time. I hope they keep doing this.
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UfukDogan FakeSnake
@FakeSnake, I am afraid I do not understand you. What are you trying to say, mate?
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FakeSnake UfukDogan
@UfukDogan, It seems like everytime we dip below 10200 the bulls pull the price back to 10300+. I have shorted and longed thos cycle multiple times which has allowed me to make a significant profit.
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UfukDogan FakeSnake
@FakeSnake, That is also what I did mate :) Easy trade but always put stop loss otherwise an instant dump can retake everything from us :D
+1 Reply
FakeSnake UfukDogan
@UfukDogan, Amen to that lol. Im not in any position atm but I'm waiting to see if the market movers are going to try to push the price up again.
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FakeSnake FakeSnake
@FakeSnake, it's looking like Bulls want to pump again. This is getting so predictable.
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