Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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On a daily chart it looks like BTC is on the way to kiss resistances formed by trendline from Dec. 2017 and Nov 2018.
We expect a move up till 4.2 or a wick till 4.3 by tomorrow or max day after. And then a move back till 3.7k or 3.6k.
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Till few hours back everyone was bullish in the market. Alts were running crazy and suddenly the market has gone silent. Is it the weekend effect or just the silence before a storm.
BTC is sitting on a tight support here. If we break this, we are going down to 3.7k. However we still think we are going to sustain this and will move to 4.2k
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I am still hoping for another leg up. If not till 4.2k but till 4.1k as we have spent longer time than expected in this range.
BTC has found local bottom here and is sitting at a support. I continue to believe that we have not completed this pattern unless we touch 4.1k again.
Still believe in the same idea 4100 first and later 3500.