Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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BTC - Channel analysis - Can clearly see BTC within a downward channel on 4hr here - After a move upwards (blue arrow), this pattern typically indicates a bullflag - HOWEVER, the volume on the move up that proceeds this channel was very weak when compared to that of the dump(s) before it - This makes me very skeptical of the likelihood that this will play out as a bullflag - If it does break upwards, I don't see it pushing us above 4400 or so before a rejection - I think we are getting close to the bottom overall, but this won't be the catalyst for a significant pump