Prothius187
Long

Stability but still some risk

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
49 0 3
Things have stabilized with BTC since the news of the hacking of Bitfinex. This does represent a good opportunity to buy, but there is still risk as gauges of sentiment will take longer to assess. Futures are currently -1.8% of spot price, and indicators are still relatively bearish , thought he daily has made a cross over the conversion line for its first bullish sign. Given the market situation, the overall recommendation is still bullish from here.
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