Assault on declining resistance commences.

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
166 0 6
With this push, we move into our next leg of impulse. I expect siege on the declining resistance from 500.
Hopefully will see you all on the other side.
Trade active
Trade active: 2994 CNY hit. Reasonable move for the larger count (5). Lessened long positions until there is better indication where we will move next.
Trade closed: target reached: Upon further analysis I think we can correctly call a completed impulse. Booked profits, exited mostly in mid to low 440's. Will watch how this develops to decide how to proceed.
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