Long
Updated

LONG BTC - Rising wedge breakout - heading to top of channel/ATH

508
The path is clear to the top of the channel, should coincide with ATH retest @ ~7850 CNY

Closeup of breakout:
snapshot
Note
So here's a possibility -
snapshot
Note
Almost 50% to target, 17% profit so far
Note
broke 6900 CNY, getting closer
Note
A little update... if (when) this breaks upwards, should head nicely to 7500. I'd expect some retrace there before ATH attempt so will probably close longs or raise stoploss
snapshot
Note
snapshot
Perfect touch on trendline, long closed
Note
If we clear 7700 on OKcoin I will relong for ATH retest at 8000 CNY
Note
Reopened long. 8000 CNY on the horizon

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.