BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Little fakeout to the downside before bullish continuation? Corn found support again at the accumulation low. Nothing has changed yet from any of my previous ideas. I'm awaiting the 4 hour close before I 1) add to my existing short or 2) take a long position. Decision is dependent upon whether or not the 4 hour closes above or below the accumulation low. I have a sneaky suspicion that we continue higher. 9330-9400s remains my ideal target for shorting. Large move down to 8100 area expected if we're rejected from these levels ( or if the accumulation low becomes resistance). Also important to note, corn has established an uptrend on the 4 hour.
Comment: Failed to mention the Daily green ichimoku cloud. notice here how it progressively becomes thicker as the days pass. If im correct, corn will remain in this choppy region until the 28th of july. at which point, its decision time. epic short or breakout of the accumulation area to continue higher. im leaning short still based on various factors such as the trendline being broken and the visible range volume profile shape. Weekly shape is currently an uppercase 'B' pattern showing support around 6400
Comment:
Comment: Corn broke significant resistance. Looking to get in with the big boys and long til 9670, possibly 10k. Not convinced this is bull season yet however

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