Possible Long Opportunity on Bitcoin

As the Bitmex Premium Index is starting to come down, and even flip negative, it might be a good time to hunt for Longs.

A natural place to look will be the 78.6% retracement from the most recent bottom.

It presents a well defined and manageable risk window to take a Long.

Higher timeframe charts of 12H and above are still generally bullish, so let the trend be your friend.