Tin.Foil
Long

BTC outlook till the breakout from year long downtrend

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
42 0 0
We didn't quite hit my mark on BTC-e, but the blue curvy line is what I think we'll do in the next days. China is a bit lower than BTC-e, so my goal of using China as a chart to get accurate BTC-e results seems to be working quite well over the last month.

We will be breaking the year long downtrend (red dashed line) likely over the next 30-40 days. You could short right now for a 5-15% profit, but I think I'm sticking with the longs for now until any significant changes.

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