BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hello lads. BTC is most likely going to 5500. I am not sure as to why people keep thinking 6000 will hold. 6000 is not support. BTC overshot the parallel channel from 3k to 14k . BTC will probably do the same to the downside. On the way up from 3k to 14k , BTC did not respect the $6000 dollar range. So why would it respect the $6000 range on the way down? Food for thought. BTC respect the the 5000 to 5500 range. Set your buy orders in that range with a 5% stop loss. Thank you.