BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
677 0 24
We have reached the former Breakout-Level @ 5200 - this is THE Level to watch! At present we dived through that level. Here are based the EMAs, they should be supportive.
But watch the RSI , he dived into the oversold area, but not signalizes a buy-signal at present.

If btccny             could recapture the 5200 this could open the possibility for a Long with a nice Chance-risk-Ratio.TP1 could be the min correction fibo 38,2 @ 6420
But be careful! At present we have a classical falling knife Situation! There are NO buying signals yet
Trading below 5200 respective the illustrated EMAS would be bearish!
Comment: is this a mini-bottom ?
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Comment: rsi overbought now , reached 38,2 fibo , and the tp1 min tp H&S
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Comment:
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Comment: goooood! :-)
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Comment: any questions? 11 :-9
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Comment: +1033!
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Trade closed: target reached: YIHAAAAAAAAAAAAAA
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Comment: any questions ;-)
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Comment: unbelievable ...we reached the max. conso fibo Level - phantastic
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Comment: ...
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