IAmSatoshi
Long

Cloud Predicting Bull Trend to Confirm Around 3/11/15

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
136 0 6
We are approaching thin cloud resistance (not a kumo twist however) on or around 3/11/15 based on the 2D OKCoin chart. Likely levels of support and resistance are shown based on cloud levels and fibs. Based on confluence of the cloud levels (which are essentially fibs in and of themselves) and fibs, 2200 - 2280 yuan or $354.35 - 367.23 usd would be my most likely bull target.

If price fails to break through the cloud here we may continue sideways for sometime until a new low level of cloud resistance presents itself for break up potential. Failure to break the cloud may be more likely than a break because a kumo twist is not present on 3/11/15. In my opinion, the 2D cloud chart does not give any indication of an absolute floor for price either.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out