BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin has clearly broken down from the bearish pennant , as the bottom trend-line has failed to hold. Currently has support at the 4H 50MA. We need to see if this holds, else we go back down w.r.t the overall bearish trend . If this support fails, I will be opening a short position.
Comment: Not only did the 1st support break, XBT also broke below the psych barrier of 8,000. Patterns never lie, and the bearish pennant held true due to lack of buying pressure. Currently at 7,900 and I see us dropping further below. We may bounce up and sideways for a while, but the downtrend is still active.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out