TomProTrader

BTCCNY-Update: Target Hit, More Highs To Be Seen? #Bitcoin

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
208 3 9
Traders,

Price has moved very well since I last posted this pair (See related ideas). Target has been hit, price action looks strong, looks as though the bull momentum is continuing, and the target will be extended

Previous analysis: Strong bullish momentum at sideways support/wedge structure support , followed by continued participation of bulls, continued upside to follow with target at sideways resistance/top of wedge structure. Small wave retracement makes this a perfect opportunity to go to the upside, possibly in the form of a 3 wave measure move.

Thank you for your support.
Hi, whats your opinion on this situation?
+1 Reply
@AiliKing, Price hit major target, looks like my forecast was right, take profits.
Reply
AiliKing TomProTrader
@Tom_Killick, thank you.
Thought so too, but wanted a good confirmation from a pro.
Reply
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