amags
Long

Bitcoin pullback complete?

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
85 0 0
Alright so this is a trade ive just finished filling I bought from 687-711
I like the odds on this one and I think it will be a big winner.
Fundamentals- D trump =prez yuan more devaluation india is experiencing a huge increase in btc             demand

Technical-Bitcoin has been in a long term uptrend for many year
when in up trend buy pullbacks.
I got made fun of for saying this but I think the path is paved for a bubble to form. Maybe not this coming wave but soon. I will be keeping this in mind when considering when to close my positions
Comment: Winner winner chicken dinner!!
Comment: Alright so the charts are very interesting on this one. China is buying up crazy amounts of BTC and we've broken cup line on Chinese and BTCUSD3m charts but usd prices are still lagging. I am very bullish now the cup line has been broken we should have easy path to ATH. When looking at other times that ATH hs been reached its been penetrated with ease. But in this case the upper range of the trend is right at ATH levels. So it will be a strong resistance.
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