LastBattle

Light at the end of the tunnel

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Seeing some great potential here after a few months of sideways & range-bound movement.
Breaking the red parallel lines will be pretty significant milestone for Bitcoin to escape the bear market since the collapse of the ill-fated Mt.Gox exchange.

Watch these level: 1380CNY & 1530 CNY             .


If GBTC's listing on OTC             market, 25 million itBit funding (and license), etc isn't bullish . I've no idea what else will.
The swedish ETF launching tomorrow is even more bullish assuming people invest
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My trading plan.... 300 btc long position opened atm, will add more if it breaks to the upside.
Otherwise, I will get stopped out and I will short it.
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$2 trading range today... be prepared. Either direction that it goes in the next few weeks will be pretty strong.
The last time this happened was in May 2014, rallying over $49 dollars in a single day and up to $680.
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almost there.
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My understanding is we need to break that red parallel in log-scale to break the downtrend. News no longer have the strong impact as it was pre-2014... anyway, keeping fingers crossed!
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ditz wisconsin
the upper channel of which on the daily log chart pretty much equates to the SMA 100 since mid Sept last year - interestingly enough
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I'm not really looking into MA, SMA and EMA. It's always lagging behind the real price action, but I do have it on my charts because of the fact that some traders look at it.
Yes sure, its interesting enough. We're getting closer to crossing it.
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