Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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We are at a triangle that will probably end by breaking an important support at 8200. This support represents a very old trend line: breaking it would bring BTC to new lows.
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BTC bounced around 8500 exactly as predicted by the triangle and is now falling down. We should see a bounce around 8300 and another push up before a breakout.
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We are still in the triangle (the line in the chart is not the main downtrend line):