BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
This was a decent move up to push through some of the areas of resistance recently created. The 100 day ema and ma seemed to put up some good defence for the time being. Definetly need to see more volume to test the 200 day ma/ema but time will tell. Facts are this is still a down trend and unless i can see the 4k area broke again and the some of the higher ma/ema tested and broke with a close then i will still be playing some short positions coming shortly if possible! I did have a small position long and closed it out a very nice profit for the capitol in that account. keep an eye on the volume for the next 24 hours lets see if the bulls can hold this pressure on btc . Also keep an eye out on eth, and bch since bch has been my goto shorty pants i would love to see a nice drop again since it seems to lack a floor!
I dont know. This could be a bull trap. I find it hard to believe that we have hit bottom.
I would love to see that next long bull run. we need it.
+1 Reply
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