Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Hello dear readers,
Multiple signs in the BTC chart is pointing to another $500 upward movement from here.
1) Buyers wiped out in the 3.6k flash crash 2) New buyers are still scared and not confident to jump in and will miss most of the rally. 3) Money flow has bullish divergences- indicating money is coming back into the system. 4) RSI is trending up 5) Relative Volatility Index still has room to go up- indicating a huge price movement can happen at anytime.
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