BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Over the last week we have seen BTC/XBT break down from its former support and now we are currently seeing Bitcoin move forward for a retest back into the 5450-5550 range (arrow pointing towards). From experience, I suspect a heavy rejection at this level considering there is heavy resistance, and many times before we have failed retests after a breakdown. For now, alts and btc can remain somewhat bullish and tradable until BTC/XBT has tested this range. Any breakdown of the black trenline can send BTC to the 4800-4500 areas. If BTC is rejected near my arrow then we can see it come back down to the 5150-5050 supports and then we will go from there. stay tuned and watch trendiness and volume .
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