Possibilities right now

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
36 1 0
Long term is bullish . However, I am looking at the possibilities first before adding to longs.

I closed most of my longs here because it's very possible for us to drop to another support level before high 2600s.

I would accumulate if we get a drop to the bottom of our red channel (2320ish) or if we retest our support at 2250 (buy larger amounts of coins here for sure.

I did chart the possibility of the drop to the level we got very close to hitting prior, so it wasn't unexpected. (Opened longs from there and closed 30m-1hr before posting this idea.)

Still keeping some minor longs open for the long term.
Currently in short position I should note.
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