Oops BTC. 78.6 is incoming, hold onto your hats

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
236 3 7
Channel from my last post got broken in an impulsive as hell manner. I'm expecting a bounce to around 1530-1540 then major Zig Zag of duhm will continue to unfold
i think downtrend to 1160s is still valid but do you think there might be some temporary upswing before we commence? i'm asking because you seem to indicate downtrend is continuous all the way... :)
SunnyBTC blackswan
Oh yes we must have up swings along the way. After 5 waves down just here, we appear to have just done an ABC retracement. This has just set us us for a zigzag. Im looking to short the next pop
+1 Reply
good call!
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