BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Looking at BTC on the daily chart

* Histogram still in convergence meaning no signs of bearish moves yet
* RSI bearish div firing and bands are tightening up meaning a move should be expected soon
* Bears are in control but both bulls and bears are falling asleep
* Doing a fib of the entire range 7606 is the .382 level and where i would expect the bulls to hold some resistance if we drop
* Value low also lines up with .382 fib
* Double top in price creating an M with is typically a bearish sign
* Green box is long term buy zone

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Comments

It’s been an honor following you. Truly one of the best here.
+2 Reply
@medstudent, thank you mate. Much appreciated
Reply
You nailed it!
+2 Reply
Cryptonite_trader ilesanmipepsi
@ilesanmipepsi, thanks!
Reply
ilesanmipepsi Cryptonite_trader
@Cryptonite_trader, Welcome. Let's follow each other, if you don't mind.
Reply
I have just followed you because I like your point of view. Keep it up.
+1 Reply
@Agab316, thank you mate. Appreciate it
+1 Reply
Nicely done. Thanks for sharing
+1 Reply
Is it best 2 hodl..or sell and buy lower?
+1 Reply
@Gbake412, that's totally up to you. I don't give signals
Reply
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