chessnut

BTCCNY EW triangle primed for a dip to 1150.

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
240 0 3
This is an EW triangle pattern that has completed in the BTCCNY             pair. Triangles break out violently in the direction of the trend but are also terminal moves meaning that in the aftermath of the thrust a buy opportunity will likely present its self for a medium term reversal. This should have legs to reach around 1150.
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