Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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So, as we can see the bollinger bands are getting tight, the last time this happend a few days ago we went to 12.5k. Now this is a short or a long scenario, how would you play this? Place your trade just above the bands, either way. Tight stop loss, so you lose minimum but earn maximum. Frankly this looks like consolidation above resistance, which is a bearish scenario, but bitcoin is tricky sometimes. A nice scalp will do here, hope it will work out !