June
Short

BTC seems to me to need consolidation.

HUOBI:BTCCNY   None
59 views
3
59 0
It appears that BTC is on the consolidation. The fact that price has surged too much in too short a time, I think, gives a reason to expect a small decline.

An AB=CD pattern seems legitimate, and going to militate on the price action.

I think the price would end up at 2153 yuans, where I believe it may bounce.

It is nonetheless essential to note that should the price go above a potential reversal zone, the AB=CD pattern will be negated, and thus foreshadows another strong rally.

I have shorted at 2274 yuans, and am waiting for 2153.

Thank you for reading.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out