Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
描述
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A support may bring two possibilities, Reverse or Continuous Drop. A method to judge the change of validation or strength of a support: rise percentage the support generates, if % decreases, the value of the support is decreased. As shown in the chart, the Blue in 30M indicates the support. From the support, there were two bounces: 1st 2% rise from 11350 2nd 1% rise from 11350 The lower High Indicated the support did not generate more value. Considering the big trend is down, the breakdown is high probability event, so the support should not be taken as a Demand Zone any more after two bounces. Instead, a short trade may be placed when the second bounce ended ( Green -> Red after the Lower High)
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signals Blue: Support Blue -> Green -> Red: A cycle of Support -> Bounce -> End of Bounce Green -> Red with a Lower High: Short Trade Entrance
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DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
@ICEKI, Thank you! A human being is affected by recent price movement, so that the expectation may be enlarged.
ICEKI
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@go8686, YES definitely as true as you said go8686. This morning the US announce delayed the tariffs till Dec 15 not sure this news can bullish the BTC or not. but I believe your analysis bearish bias or stay away the BTC for now
go8686
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@ICEKI, I am not sure if there is strong correlation between tariffs and Bitcoin price. After Chinese Yuan broke-down last week, Argentina’s peso crashed yesterday. I believe more crashes may follow. Could Bitcoin become Virtual Gold?
ICEKI
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@go8686, WOW I love the way you said Bitcoin could become Virtual Gold; the time will proof this out =D