michael.oselskyi
Short

HUOBI: BTCCNY in Correction SHORT TERM.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
a year ago
After the few days we've seen a rally up to new tops at 1646, it's time for a correction in the short term.

The predicted target is at 1617 (a great resistance point). I would short with a stop at 1633 (as of now) and a stop-loss at 1644. However, it is not certain of what will happen once it reaches 1617. It might sit on that resistance for a bit then plunge down again to 1590-1566. Just look for confirmation candles and in your indicators for potential reversals.

Good luck! Remember, this is SHORT TERM. We are still in a very good bull trend.
a year ago
Trade closed: stop reached: Got stopped out. The bulls decided they wanted to flex their muscles.
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