BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BITMEX:XBTUSD

As you know these aren't fractals or coincidences. RSI leads the way. Last time we were below the RSI 45 support now resistance, was between 12700 and 9900. After that we visited 6000.

Right now, we are for a second time below the RSI 45 and struggling to get up, but now we are between 9900 and 7500...

Since BTC like to double top and double bottom the RSI so much, I am almost positive we'll double bottom on 28 RSI support, but since this time we are much lower price wise, the lowest I can see bitcoin is 5100. Definitely below 7000.

And with all of the USDT thing going on, I don't know if 5100 will be the lowest. A wick on 4800 perhaps? Who knows.

I will attempt to catch this falling knife setting buy orders in the 6000 range. Hopefully we dont go sideways for a while, trading with bots gets boring after a while.

P.S. 4H telling something, maybe short higher than 7700...
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