June
Long

A garley pattern still vaild

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
108 1 2
A garley pattern still stay vaild, despite an attempt to invaildate it.

Should the pattern be nullified, it must touch 2153 - Previous Low.
Nonetheless, it has not done so. Thus, the pattern is still holding good.

I previously anticipated the price would bounce off 1.272Fib, and have bought there to a full extent with leverage. But it has missed my expectation and reached 2156, but not the previous low.

So, i did not liqudiate my long position, and have been foreseeing a bullish market. If the price were to touch 2153 Yuans, i ought to close my position. Currently, to be honest, i have lost some, but that is not a haemorrhage.

Also, there comes a moon strategy. Today is a full moon , often inducing the price surge, if superstitious.

Bitcoin moves to a dearly large extent in a really short period of time. We may see the price surge just in a 10 minutes, but i cannot foreclose the possibility that the garley pattern in the long run will be invaildated.

I still remain bullish . At the time of writing, Huobi regains 2200's.

Update - the price has thus far not touched the previous low 2153

Thank you.
Thanks June. Good luck.
+1 Reply
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