BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Channels in Channels..
November 18 Candle has huge importance here
Ascending Wedge is the 1 Hour
Everything else is the 4 Hour / Daily
We await the candle close..
If closes below, we take the flagpole and this gives us a target of 3380 3370 3360 area.
These are real targets.
If we close above we can go to 3849 3790
Zoom in to see what i see
Lets remove the bias of bullish and bearish and become situational and level headed.
One step at a time.. A big move is suggested to come on the weekly candle close area or close to it as noted from previous price action.

Lets have a conversation.. what do you see? Share some charts!

As always.. we await more information!
Comment: better picture of the 1 Hour
Comment: So far this would indicate capitulation candle is coming.
Comment: Expected bitcoin price if the trend follows $2076
Comment: Following the trend line
Comment: to the fricken dot.. lets get this money..
Comment: expecting a bounce off of 3355 area if it full dumps here
Comment: i believe we are in a liquidity zone right now, should go sideways for a bit.. im going to binance at this time, the moves btc will make here are garbage imo... i could be wrong.
Comment: bounced off of channel
Comment: A break of the channel means bitcoins next target is close to the 200MA at 3157 area or we may bounce off the local bottom from late december around 3200 area. be careful.
Comment: 200MA moved up.. busy atm, so whatever its at now is immediate support after the channel ( yellow lines break) will be boring times for btc on bitmex but we will be forced to move the closer we move down the wedge.. around February 1st or January 31st expecting move. the maximum price bitcoin can go to right now if it breaks the purple wedge is 3950 area from here i would short if it goes there with a tight stoploss , this is the top of the yellow channel we are in. Remember this is neither a bullish or bearish post.. this is a TRADERS post.
Comment: update thread
Trade active: still playing out, check updated post! if yellow trend lines break ill make a new post! almost 2 weeks in still going like clockwork !!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out