If I include the previous uptrend data into the mix, the time at mode signal gives me room to rise to 11580.73 in 11 months or less.
The stop loss has to be at 1548 for this monthly long, and we have two potential entries, 1921.41 and 1724.11.
I don't think the second one will be filled, and the first one has already been triggered.
I've moved from btcchina to Okcoin data, because of the higher liquidity, and how it seems to dominate the other exchanges, giving more reliable signals. This includes the USD crosses as well. CNY is simply more liquid and thus more suitable for .
I'm sharing entries in my group, for short term, intermediate and long term opportunities.
In this case, this would be an example of a long term trade. My favored entry is to keep pending orders ready, and set and forget in this case. These two entries are valid for the next 2 months after the monthly close.
In the intermediate term, I see a possibility for a 1-2 week uptrend but the upside is limited. I'll be trading it with my group though, so if interested do contact me for more information for joining me and my partner for 24/7 BTCCNY coverage.
Good luck if taking this potential home run trade.
Right now the daily suggests we could see a small retrace, but it's unclear yet. The timeframe in control is the weekly.
See my updated posts on the subject.
Yes, that's whatI meant, after these last 3 days, we had a possibility of a breakdown.
Let's wait for a buy entry.