ChartArt
Long

Bitcoin Bounce. February 2015

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
736 2 6
Potential short-term bottom here based on Fibonacci and Fractals. After this extra leg down I expect that most people have already sold and the first are going to buy back. Also with the start of a new month we have fresh money which can flow in the market. There also two interesting technical ideas. We have a "Up fractal of January 16" at 1359.9 CNY             and a "Fibonacci retracement of January 17" at 1347.3 CNY             . Both prices can be easily reached.

Current price while posting: 1343             CNY            
Sunday, February 1, 2015, 09:05 UTC
nice call. what are your upper targets
Reply
ChartArt Douglas-Squirrel
Maybe 1600 CNY. I haven't analyzed that yet.
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