BillionaireUnicorn
Short

Bitcoin failed 3000 CNY breakout.

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Bitcoin             failed 3000 CNY             and previous uptrend breakout with a huge and fast 500 CNY             retrace . It's forming now a rounding top around previous trend resistance indicating buyers are exhauted and traders are taking profit at this level.

Good shorting opportinity if it breaks down current channel. With first support area in the 2600-2500 CNY             level.
Comment: Rounding top didn't break downwards, so bearish signal was canceled. Instead Bitcoin held very well previous 500 CNY insta-retrace, and now looking very strong breakout the 3,000 CNY level again.

Previous daily and weekly analysis remain intact and keeps following the mirror pattern.
Comment:
snapshot
What was the reason for looking at 3000 any in the first place? What did 3000 represent?
Reply
Thiggy PRO stormlight
It was a resistent point. Today it became a support.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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