s-h-o-c-k
Long

BTC: Strong bull case, targets 9k / 11k, needs to hold 7500

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BTC             broke out from the falling wedge and is currently in consolidation around 8000 from where I expect a slight retracement to around 7500 - 7600.

Bull case:
A) If we hold this level, we might break the resistance at 8200, break out of the log downtrend line and reach for the falling wedge targets of 9k / 11k.

Bear case:
B)If 7500 doesn't hold, we will break down the trading range and re-integrate in the downtrend channel which would be super bearish and will have us see 6800 again and then reach for 5k / 4k targets.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out