Update to my last chart, when price breaks down, maybe not new lows like I said. This should be a powerful level.
BTC Failed to lose support on the 12h timeframe back in August. High timeframe. Present and untested on all exchanges. The actual XBT contract chart is slightly off and this level occurs at 5970. So if on Bitmex play it at 5970 most likely.
The 5870 level below it is also an untested 12h level. But not on Finex or Binance. Its been tested on those. And now their charts are royally messed up so im not sure about any of that. Playing that is much more risky. But if it would work, it would be a 12h trend start kicking off leg to 8.4k. Could have some power as well.
On mex im playing this at entry of 6k, 5980, 5970. With an add on 5870, and stop around 5800. Weird zone to have stop losses. And mex will probably freeze and liq my whole position if these dont hold. But ill take the risk.
BTC Failed to lose support on the 12h timeframe back in August. High timeframe. Present and untested on all exchanges. The actual XBT contract chart is slightly off and this level occurs at 5970. So if on Bitmex play it at 5970 most likely.
The 5870 level below it is also an untested 12h level. But not on Finex or Binance. Its been tested on those. And now their charts are royally messed up so im not sure about any of that. Playing that is much more risky. But if it would work, it would be a 12h trend start kicking off leg to 8.4k. Could have some power as well.
On mex im playing this at entry of 6k, 5980, 5970. With an add on 5870, and stop around 5800. Weird zone to have stop losses. And mex will probably freeze and liq my whole position if these dont hold. But ill take the risk.
