BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
#BTC has been falling for a long and everyone expect further fall but markets do not work with this way. There is always a correction.

The trend since 25 June 2019 is a correction move and the pattern looks like (for the moment) a triple combo.

The price dipped around $7.7k recently and this move upside can be the X wave, which can end up to $9.4-$9.5k.

However, I believe there will be another wave down to low $6k. This level, if happens, can be a strong support zone .

If you look a the price consolidation in 2018, low $6k can work as the main support. If that is broken then the bear pattern can continue.

Comment: it is going well

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