BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Updated version of XV. Scale is unlocked.
I'll use this to monitor the extension of current correction. Interested to see how price will behave when it gets around red 4.236.
Scheme is valid till price crosses above black line of upper channel.
Comment: Red dotted 3.618 line pushed BTC for a correction. Sine wave confirms it.
Comment: Red dotted 4.236 line played role of significant resistance, once price got close to it. What we now see is a correction. Need to look for specific patterns to confirm if it's a reversal in 4h TF.
Comment: Dashed line can be considered as a support regressive trendline due to recent price action