BTCUSD Triangle Breakout

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
Fractal highlighted is strikingly similar, though the quarterly premium is $10 short of what it was in the first instance. 4h close above triangle is suggesting strength and markets curiosity to retest top of range (4800cny).

One should wait to observe how daily closes before entering. As for me, I bought the break/retest of the support/resistance wall.
Comment: Closed, btc can't find a trend. Looking like it's gonna come back down to the 50% fib and SR wall to retest 4300.
Comment: Reopened on 4480 break.
great chart and analysis!
+1 Reply
alexicahn BitcoinGuru
thanks Eli!
You provide astute technical analysis with insightful visuals (charts). Definitely among the top Bitcoin traders on trading view by far. Keep it up!
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