BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
NVT is preparing for a breakdown, Bearish DI cross, Stoch RSI Overbought. How far will this move go down? I expect at least the 50% fib retrace from market bottom to the top of this current swing (~$6100); though possibly the 61.8% fib retrace (~$5450). However, going down to the 61.8% retrace or further would require some serious fear in the market, breaking through the significant 5900 support/resistance level.
Order cancelled: if we close the day with a higher high (8900) than that will likely excite the bulls into pushing the price higher. I will wait more before deciding to sell or buy.
Trade active: Sell Signals are coming back into the market. This could be a large volatility consolidation phase to relieve much of this recent unhealthy parabolic bull swing.


NVT has turned from red to blue on the weekly chart. STRONG bearish signal.

Great setup, following you now mate! I´m about to post a trade shortly, have a look on my profile for detailed information :)
lysergik DACapitalTrading
@DACapitalTrading, cheers mate! i'll definitely check out your trade!
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