BitcoinGuru
Long

Bullish Bitcoin Scenario Valid till December 1st

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
Been few days wanted to publish this so here it goes. All reasons to buy in are on the chart (see above)

A failure of this scenario to the should be considered ONLY if ONE of those is fulfilled:
1. the 1D RSI drops back below the red trend line - to not recover
2. if we fail to move above 385 between now and November 16
3. if we drop below 330-340 (support fails)
4. if the 1D bullish cycle is weaker than its April 2014 counterpart.
heys guys consider this chart nullified for the time being, we failed to move above 37x (resistance).
Were still bullish for the month and will break out similarly to what i drew in the chart but were gonna have to revisit 33x-34x first, will publish soon another one.
+1 Reply
BitcoinGuru BitcoinGuru
well looks like my initial plan worked out :)
+1 Reply
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