BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin has marked its bottom for 2018 at 3k and is setting up for an inverse head and shoulders reversal. Target for the move is 4.8k - 5k for a bullish reversal. High time frame traders have already noted the various buy signals. Oscillators on the monthly and weekly scale are oversold with a clear daily divergence.

Bull signals:
SRSI: M / W : Oversold
Ichimoku: Daily c clamp, 12hr edge to edge move
LTCUSD Break out of inverse head and shoulders (leading indicator for btcusd movement)
BTCUSD inverse head and shoulders setup with descending volume profile
Trade closed: stop reached: STOP hit, trade invalidated. Seems that longs were near all time highs and there wasn't enough interest to break the neckline. Shorts are starting to pile in.


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