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cryptographic1
Dec 21, 2016 7:18 AM

LONG BTC - Rising wedge breakout - heading to top of channel/ATH Long

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The path is clear to the top of the channel, should coincide with ATH retest @ ~7850 CNY

Closeup of breakout:

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So here's a possibility -

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Almost 50% to target, 17% profit so far

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broke 6900 CNY, getting closer

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A little update... if (when) this breaks upwards, should head nicely to 7500. I'd expect some retrace there before ATH attempt so will probably close longs or raise stoploss

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Perfect touch on trendline, long closed

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If we clear 7700 on OKcoin I will relong for ATH retest at 8000 CNY

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Reopened long. 8000 CNY on the horizon
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