BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Price action is hovering above .618 fib on a daily. RSI is showing bullish divergence as well. Last time we had 50MA cross down below 200MA, we rebounded 40%+ before resuming the downtrend for the death cross.
Comment: Profit targets hit. That was fast


Not this year.
Dimitrysdesk DavdisonMyles
@DavdisonMyles, not this year what?
its possible, and then to 6.9
@mbc47, yep might see sub 7k post short squeeze
mbc47 Dimitrysdesk
@Dimitrysdesk, Sooner or later we will test 6.3-6.4 and if that doesn't hold we will see BTC below 4k
@mbc47, yep, sub 6k is a grim scenario
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