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Aerot

Continuation or Down

Aerot Updated   
OKCOIN:BTCCNY   None
Bitcoin (Cryptocurrency) yuan DJ FXCM Index BTC CNY USD BTCCNY BTCUSD Elliott Wave Triangle
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bitcoin yuan usdollar btc cny usd btccny btcusd elliottwaves triangle
BTC has been wild lately.
Here we have a possible continuation pattern - pretty straight forward.

Breakout will be above point (D) at ~5273.33CNY / Confirmation above (B) at ~5378.22CNY
The pattern will be invalidated with a break below (C) ~5060.37CNY
Comment:
Whoooosh.
Looking to hold above breakout zone and push over confirmation now.
Comment:
Confirmation line broken. Looking for a close over now to continue trade - may pull depending on how top reacts.
Trade active:
Confirmation line becoming potential support.
Trade closed manually:
Support obviously not found this time. Closed around 5430CNY on the way back down. Time to give this a wait and see how it plays out as the days continue.
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