Monthly Outlook [FEB/MAR]

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
1752 4 16
Short the current fakeout. target the blue area.

On the bigger picture price formed a falling wedge .
It's likely to break to the upside and result in a move up to the OTE             sell zone.
Haven't seen your latest news for a long time, really want to see your views on BTC
Your trend lines seem a bit arbitrary.
+1 Reply
MagnusTradingGroup BitcoinErrorLog
Thanks !
This fake out was around 61% retracement. Which is what we been doing for weeks now. Long as it dont go higher here, we should be good for more downside.
+1 Reply
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