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Long

Short term retrace inevitable

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
1817 4 12
Short term long. Target 2880, previous resistance level .

All oscillators oversold, volume oscillators oversold, everything in the pits of hell.

Even if this is the start of a longer term bear move, a short term correction is inevitable
Trade active: Caught the bottom. Great trade. Continuing to hold to 2880
Trade closed: target reached: Closed. Good profit
I agree. High probability
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What's the stop loss for the bottom picking?
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I agree as well - although i dont see a bottom just yet - i think we will touch the 61% fib around the 12 HR stochrsi crossing
then march up to the previous support to confirm is now resistance
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wow exactly as you predicted
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