Simple time at mode analysis suggests BTCCNY has increasing odds of retesting the 3510 level from where the 9 month downtrend that sent it down after the all time high expired.
It's possible to get back up to the mode by early as December, 2015, and we also have a monthly uptrend signal which points to a rally that should reach 3054.91 by June, 2016.
Price action in the daily is considerably bullish, as explained in my BTCUSD Bitstamp chart.
A drop back under 1553.82 would invalidate this forecast. Do your due diligence, and good luck.
Kind regards,
Ivan Labrie
Time at Mode FX
It's possible to get back up to the mode by early as December, 2015, and we also have a monthly uptrend signal which points to a rally that should reach 3054.91 by June, 2016.
Price action in the daily is considerably bullish, as explained in my BTCUSD Bitstamp chart.
A drop back under 1553.82 would invalidate this forecast. Do your due diligence, and good luck.
Kind regards,
Ivan Labrie
Time at Mode FX
Trade active:
Place 3 buys here.
Third buy, same entry, but lower stop and no tp, sl at 1553.
Place 3 buys here.
Third buy, same entry, but lower stop and no tp, sl at 1553.
Trade active:
First entry filled, 2nd not yet.
Comment:
Keeps posting new highs...I think the BTC bull market has officially resumed.
Comment:
Buy the dip again...if offered.
Trade closed: target reached:
Time for this uptrend ends soon, will be interesting to see if we manage to go any higher, or if we just fall before the halving date.
Comment:
Time for the uptrend expired, and BTC retraced...Time at mode can be really accurate.
