BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
BTC - Choppy trading persists - a touch of excitement as we break back above the prior downward sloping trendline from last week, however the market is mindful that $ shorts are becoming more widely expressed and I am awaiting the spillover into BTC via the next key risk driver.

Expecting BTC dips to continue to be met with demand/covering interest and a close above 7250 is needed for us to get excited. Largely ignoring broader cryptocurrency gyrations and heavily XBTUSD , EOSUSD , ETHUSD and XRPUSD influenced, intraday. For the execution here we have infamous Worm In The Apple alerts triggered... In usual circumstances it will be a good opportunity for bears to load, however smart money who understand the macro flows in play will ping the lows into year-end.

On the longer term chart we can comfortably lean on BTC:


Thanks for keeping your support coming with likes and comments! As usual jump into the comments below with your views, charts, questions and etc.
Dec 16
Comment:
Dec 17
Trade closed: stop reached: Macro stops tripped here.

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