swordmaker
Short

Historical Pitchfork

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
231 3 3
2 of the rallies (from Jan 2015 low) that reached up to 0.75-1 median channel of this pitchfork has retraced 32 and 44 percent. so I think a retrace of 30 to 40 percent is plausible.
with this idea I would expect to 3490 cny             which is also the monthly pivot and if that doesn't hold then 2960 cny             as S1.

in usd terms; 530 usd as pivot and 450 usd as S1 should be good to be long.
swordmaker
7 months ago
this could be the road map to 600 usd if the rally wants to continue with the halvening on the way :)
snapshot
Reply
swordmaker
7 months ago
ABCD idea failed badly but at least we get the 30 percent retrace as the original idea suggests. Lets see if this holds.
or we probably visit 2900 cny next.
https://www.tradingview.com/x/H4tYVTFq/c
Reply
swordmaker swordmaker
7 months ago
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out