June
Short

BTC seems to me to need consolidation.

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
56 0 3
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.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out