SnakeTheInterloper

Bitcoin: Opportunity for Bullish breakout of triangle

Long
HUOBI:BTCCNY   None
11
Dear traders,

BTCCNY is currently printing a 4h reversal candle on Heiken-Ashi candles after consolidating above 50% of the triangle width. With an oversold Stochastic and narrowing Bollinger bands , there is an opportunity to begin buying in for a long position, averaging up as necessary if the triangle breaks to the upside. Upside target will be 2200 yuan for first resistance level , then retest of 2500 yuan.