Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Bitcoin (XBTUSD,BTCUSD) got strong support in a violent way, out of many people's exception. Whether it was manipulated by whales or not, a Demand Zone is out there: 9100 - 9500. Signals: Double Long Wicks in 1H Blue in 4H Ribbon of "9 Seasons Rainbow Multi TimeFrames Pattern": which indicates strong support
Expectation for Later move: 66.6% The Support will push Bitcoin back to the Ascending Channel. 33.3% The Support will be broken down eventually, and Bitcoin will Drop below 9100.
Do you think this support is the will of some whales? Welcome to share your opinion here.
PM the author for a one-week free trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
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.
Thank you for your posting go8686 =D
But being honest I have no idea how the BTC direction on... It was so violent movement than FX markets now in cryptocurrency markets...
Trade carefully bro =D
go8686
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@ICEKI, Thank you for sharing your opinion, Bro.
I saw a lot of signs of manipulation during the past few days, I believe some whales want to hold the price. A high price is for the good of many parties, exchanges, miners, long term investors, etc. It is similar to last year. While if the market does not follow, nobody can hold it. I am positive at the moment.
ICEKI
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@go8686, definitely agreed your point; I also believe there are some whales don't want the BTC drop below some level too.
Sound cool go8686; bless you have make a right choice for bet the positive at the moment =D
But being honest I have no idea how the BTC direction on... It was so violent movement than FX markets now in cryptocurrency markets...
Trade carefully bro =D