Post-Correction Cup

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Hey guys, it is my opinion that the chart has seen a 5-wave uptrend from 2100 to 2451 and a nice correction down to ~2245. As far as I can see now the candles are indicating a cup forming into another round of bullish price action.

Here we can see some possible targets with the use of a GANN FAN from 275 and a Fibonacci retracement of the latest high to the latest low.

Best of luck in your trades and don't forget to have fun!

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