Positions accumulation on correction exhaustion

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
It seems that last year's story of $10K is playing out, with an accurate break in place. The sideways price move is in the doorway of exhaustion. Another Tuesday price performance of 1400 dollars plunge will give us precisely 7600 as our target. Any new high above $10K is supposed to be regarded as a highly risky upside move with more inevitable bull traps. Only a new break of 10800 will require a different angle look at your investment direction.

Kerstin Ohlsson
Xena Exchange Swinger


Love your short and clear analysis. Thank you for the effort!
+1 Reply
@YASSIN9, My pleasure!
+1 Reply
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