IvanLabrie
Long

BTCCNY: Monthly uptrend using Okcoin data

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
a year ago
In this chart we can clearly see that the monthly uptrend is intact.
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 technical analysis .

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             futures coverage.

Good luck if taking this potential home run trade.
Cheers,

Ivan Labrie
a year ago
Trade active
a year ago
Comment: On track.
2 months ago
Comment: Still a great entry...there's now a confirmed 2 month timeframe uptrend. Still 193% upside left.
11 days ago
Comment: People not laughing anymore...
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
balong
a year ago
hi
+1 Reply
IvanLabrie balong
a year ago
Hello!
If you have questions ask away.
+1 Reply
lol you have 1 chart for SHORT one for LONG choose a position....
Reply
IvanLabrie themerkle
a year ago
Different timeframes, different accounts.
This is the monthly trend.
+3 Reply
rivet.popper
a year ago
Appreciate this free stuff for those of us a bit up to their necks right now. Once this trade comes in (in 2016. I hope?) I will subscribe to your services.
+1 Reply
IvanLabrie rivet.popper
a year ago
hehe
That will take a while.
You can subscribe and try the shorter term signals too.
;)
Reply
IvanLabrie rivet.popper
11 days ago
@rivet.popper, ready to subscribe? haha
Reply
Crypto.888
2 months ago
Fantastic charting. Thank you for your insight and effort. Do you see a small pullback or correction happening before we reach further highs, please? Thank you.
+1 Reply
IvanLabrie Crypto.888
2 months ago
@Crypto.888, it depends on how the weekly bar closes this next week.
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.
Reply
Crypto.888 IvanLabrie
2 months ago
@IvanLabrie, look now..
Reply
IvanLabrie Crypto.888
2 months ago
@Crypto.888,
BTCCNY: Update - Weekly trend intact


Yes, that's whatI meant, after these last 3 days, we had a possibility of a breakdown.
Let's wait for a buy entry.
Reply
Crypto.888 IvanLabrie
2 months ago
@IvanLabrie, Best time to pick-up coins on the cheap :-)
Reply
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