Caerbanog

BTC wait for breakout, buy on lower cloud

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
224 1 5
Testing idea publishing :)
We are consolidating arbitration spreads between CNY             and USD/EUR. China was paying almost 10% premium for the pump. Once exchanges get to more reasonable levels pump will have fuel to resume.
Chop within the support cloud will add fuel to this action. You may take this opportunity to scale into a long or just wait for the breakout.
Stops just below the cloud in case of a serious correction to the lower Fib levels.
Trade closed manually
This went totally sideways, was expecting more volatility.
Arb target has been hit, BTCEUR has drifter 20EUR higher and is almost breaking out.
This trade is now invalid, draw new entry and exit points.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out