TomProTrader

#BTCCNY: Impulse Target Reached, Extended Target? #Bitcoin

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
62 0 5
Traders,

Price has hit the measure target for the previous impulse leg, this might be an area where heavy profit taking begins to happen. But it could also not happen, allowing for more upside to hit the next extension move target. Keep an eye on this one for quick price changes, as Bitcoin             is volatile at the best of times, let alone at a major impulse
target. Tighten stop loss right up and make sure you aren't slipped out of the trade. I hope you have your own etsted trading strategy to trade this move when it starts.
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