BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Not seeing a very strong bullish reaction after the big move down. This consolidation is very low volatility and appears to be forming a bear flag . Next target is $3,800 if the pattern confirms.

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Genuine question - I was under the impression that short time frames such as 15m shouldn't be traded upon. I thought 1 hour was the minimum with 4 hour being more ideal. Any thoughts in this?
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@Sabih1, Every timeframe is valid. The higher the timeframe the more "power" it has. A bearflag on a 4 hour would be more powerful of a pattern than a bear flag on a 15 minute but they're both valid.
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You are in short position now?
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DerrickGibson Futureboy2814
@Futureboy2814, Yes, shorted before the move down. Adding a little to my short on this pattern. Took a small long hedge just in case we form the larger symmetric triangle I shared in my last post. Stop loss on both positions.
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Futureboy2814 DerrickGibson
@DerrickGibson, how much roe right now
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DerrickGibson Futureboy2814
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Futureboy2814 DerrickGibson
@DerrickGibson, I hope you shorted more than 100000 contracts hahaha
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Futureboy2814 Futureboy2814
Now you're rich
+1 Reply
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