BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The sideways breakout of the yellow triangle could prove to be a large feather in the bull cap, however the lack of volume on the bounce after the retest has me skeptical. The green lines represent key levels which, if broken and closed above would have me buying bitcoin 0.43% . Really any sustained move above 6500 is pretty bullish especially if it comes with volume . Things are getting tight and we will have to make a choice at some point.

Thank you and God Bless,

Red Boar
Comment:

If we can close the day above the green line I am going to be forced to start entering longs...things are getting interesting
Comment: THis is getting interesting..will support hold or are we going to drop back into the triangle??
Thanks Red!
Reply
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