I'm currently in another long on BitMex after getting stopped out in profit the first go 'round. Though I do think it's possible that the recent drop could've been it...we saw an almost perfect 0.79 fib retrace confluent with a daily breaker from the 40% pump a few weeks back, a setup I have been watching ever since the pump, and a pretty ideal set of circumstances for an entry that I use on all timeframes.....
BUT.....
Let's not forget about the Daily Demand. Let's not forget that Daily Demand retests have been where you would've caught every single bottom before a rally since April. The local one around $7400 is one to consider, but there is also this UNTESTED one at $5700(yikes). Just something to keep in mind moving forward.
BUT.....
Let's not forget about the Daily Demand. Let's not forget that Daily Demand retests have been where you would've caught every single bottom before a rally since April. The local one around $7400 is one to consider, but there is also this UNTESTED one at $5700(yikes). Just something to keep in mind moving forward.
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