BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Here I've mapped the Bitcoin ( XBTUSD ) chart for you.

  • First, notice the trendlines ...
  • We have a lower high.
  • EMA10 being challenged as support.
  • Indicators trending down.
  • Bounce completed.

This setup can easily lead to lower prices.
Make sure to have a plan if you decide to trade.

This is not financial advice.

Namaste.
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Comments

What do you think about Altcoins - will they fall too or stay stable while Bitcoin Dominance falls?
+2 Reply
alanmasters Ralferator
@Ralferator, Stable/growth.
Reply
Ralferator alanmasters
@alanmasters, Thank you!
+1 Reply
Thanks Master
+1 Reply
alanmasters sidhabdn
@sidhabdn, My pleasure.
Reply
not sure: yesterday and today two big sell orders were absorbed on bitstamp with almost not damage.
+1 Reply
alanmasters mbarchies
@mbarchies, Thanks for sharing.
Reply
Hey, I think it is forming a cup and handle, what do you think?
Reply
I don't understand why we're going to grow up now.
But in a month's time, I think it'll look logical.

Reply
ah. and btw. did you see the gap closing. :-)

Reply
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