When the small green line cross the yellow and the thick green is always definitely a pump coming.
They will cross in about 3 hours. But in the three hours can happen a lot. Anyway I am in for long on 6400 with stop-loss 6344.
A descending triangle as a major pattern and two symmetrical triangles as minor pattern based in fractality.
Support (triangle's base)=$5855
The horizontal levels are percentages retracement (30%,50%,60%,70%,80%,85%,90%) with initial point $725.4 (11 Jan 2017) and an endpoint at ATH 0.04% .
I do not use Bitmex regularly for long-term analysis but I think...
BTC price broke Ichimoku cloud and exited at the bottom. Now it works as resistance.
The main T3 Moving average changes it's direction.
Overal, bearish condition.
For now, I am waiting for minor pullback, before we reach new lower lows.
Long term - bullish.
Short term - bearish.
Stochastics have crossed down on the 4h, there's still plenty of room for a move down until it reaches an oversold region. There's hidden bearish divergence on the RSI, a spike in sell volume (as a trend starter) and an obvious H&S pattern that could take us below the 7k region.