BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
We can see a bullish divergence on the MACD and the RSI .
If Bitcoin is able to push through the orange resistance line we might expect a retrace to the upper box at the cyan line.
Trade active
Comment: so far so good
got an entry at 4174 and setting my main target at +/- 4750
taking Elliot Waves into consideration we may currently be situated on the third wave
Comment:

so because the retrace of this last bullish impulse was quite strong i flipped the chart to review my retrace idea and got more indications for it to may happen. There is always a chance that bitcoin may fall even more as bearish sentiment and trend is strong yet according to the chart I don’t see this drop below 4k as of yet.
what do you guys think?
Comment: selling pressure was too high, closed the trade right before it went completely downhill
Comment:

broke through everything, outlook is extremely bearish
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