Neolystic
Long

Bitcoin Bullish Channel continues

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
The channel from the previous post (bold white lines) still looks pretty good, although the top line was a little low. Now that we are near the bottom side of the channel, this is a relatively low-risk entry for a long. The ideal entry point would be below the bottom trendline , but anywhere from 1760-1775 should work out fine.
Target is the top trendline , while a break below 1750 with substantial volume would invalidate the trade and signal a stop loss.
Great chart. Excaclty what I had in mind!
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exactly:-)
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