BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BTC set a lower low today, but did not yet break $10k. If it does, targets likely are $9600, $9000 and up to $6641

~9600 roughly coincides with the 17th of jun high and could coincide with the vertical support line.
~9000 is the 1:1 fib extension of the first bearish move of the 27th of june and coincides with the high of may 31st
~6650 is the 1.618 fib of that move, coinciding with the high f the 10th of nov

Also important is that the lowest CME gap would be closed at ~8500, they typically close

Comment: thanks @Ghazanfar Ansari
Comment: on target for 11200 wit hthis bullish wedge. Then possibly another wave down to ~9000 - an extended correction like this not only is healthy for BTC going further up, it also is much easier to trade thanks to the clear fib levels and channels forming


Keep it up! Amazing content mate :)
+1 Reply
Braller DACapitalTrading
@DACapitalTrading, thank you!
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