June
Long

A garley pattern is still tenable

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
91 0 1
A garley pattern still remains vaild.

The price may break 1.272Fib, but cannot touch the previous low in the least - a blue line - should the pattern hold good.

I have bought at the price of 360 to a full extent with leverage, and am presently sustaining loss. But i am going to wait until the price reaches 2153 Yuans, were I to liquidate my position.

- Update. The pattern is still vaild. The price has not touched 2153 Yuans - a blue line which is a previous low.. Though it has gone so far as 2158 Yuans, technically that does not mean the pattern has been invalidated.

I still remain expecting a bullish market, and do not liquidate my long position.
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