Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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BITCOIN(BITMEX:XBTUSD, COINBASE:BTCUSD,BITFINEX:BTCUSD) is completing the retrace and is ready to retest the upper border of the ascending channel, 4150 in Bitmex. Reasons:
All the ribbons turned Green (Bull context) after yesterday's pullback.
MACD-1H in Bull Zone
RSI-30m has higher bottom
Compared to Mar 18, similar scenario may repeat
Since it is on the 30% upper part of the channel, I will use a small amount, to Long some altcoin, maybe EOS.
Do you think this time, BITCOIN will break the upper border of the Channel and succeed to stay over the Channel? Leave your comment and Receive a week free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator".
If you think this idea is somewhat reasonable, please like it, I appreciate your thumbs up.
DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.