BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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And the story continues...!

Hey guys!

So far we have witnessed a positive move from Bitcoin since 6100 and the fall from 7400. Which is a good sign of reversal!

In higher 4H time-frame, the correction from 6840 down to 6350 was the final wave of the big correction and then we might have the new ascending waves to reach us for the long-term descending trend.

Currently, #BTC is standing at 6700 USD price range and in our eyes, Bitcoin might have a small correction until 6500-6550 and then, continues with its ascending move up until 7030-7130.

Now! Those who have closed their positions at the current price range, can wait for the new bottom at the above mentioned range and enter again & those who are still holding:

New Stop-Loss for this region: 6450 (Subject to stabilization below this region)

Good Luck!!
Crypto Club TA team

Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.

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