BTCCNY: Short now!

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
BTCCNY             has confirmed a daily downtrend signal. We have already entered with our group, but this is a good opportunity to add or join the trend if not in.
Above the stop loss, place a long trade in case it gets invalidated tomorrow during the Futures settlement.

Good luck,

Ivan Labrie
Trade active:
Comment: Excellent, working as planned.
Comment: Meltdown.
You're welcome people.
Comment: Break even stop.
Comment: Booked some, reshorted but had to exit after price action proved we're still sideways. We didn't break under 1986, so it seems it will drag on a bit more.
Trade closed manually
Comment: Watching for a break of the downtrend mode. It has failed to give follow through so far.
Comment: We're long, will publish new idea after the uptrend ends.
+1 Reply
Now that we're over 2210, is BTC back on moon course, as per your monthly uptrend chart from a few weeks ago?
IvanLabrie rivet.popper
Not sure, maybe it takes a new retracement before moon.
I'm long:
+1 Reply
IvanLabrie IvanLabrie
This was for my private group.
rivet.popper IvanLabrie
Appreciate it thanks.
+1 Reply
DRZRE IvanLabrie
Thanks ;-)
+1 Reply
Futures is quite profitable, one trade, up 20%.

Hi Ivan;

Nice work you do.
Why you didnt put your stop over upper structure?
Lower risk reward but better chanches to take this trade ..
I think we are bearish until ~1851cny as well (after this blackfriday crazy week),

Have a nice day!
The technique I use is very specific.
We went long with my group after this was invalidated. I'm in from 2120-2140 in futures.
Had to close my 324 short. Made no profit. Frigging alste every time he appears in chat btc bottoms out. Haha.
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