IvanLabrie
做多

BTCCNY: Intraday view

BTCCHINA:BTCCNY   比特币/人民币
BTCCNY's correction appears to have ended, at least for now. We need to determine if it'll hold here, or break lower before finally resuming the long term advance. I'll monitor price action to manage my position size accordingly.
I'm currently long, after trimming down to 20% exposure before the PBOC news fueled 37% decline, and added 60% gradually, over 3 days.

Keep an eye on RgMov and volume and ATR here, for now, things are quiet, but this won't last. I expect to see a retest of 7498.90 in the short term, but what happens after that is yet to be seen, so, I'll look to reduce my long exposure back to 20% once we hit this target, or at least place a trailing stop loss, to reduce risk on part of my position. Remember to always hold 15-30% that you never sell, spot, no leverage, and no stop loss.

Cheers,

Ivan Labrie.
Market makers really don´t make our lives easy...
回复
@Pato99, the weekly has a range expansion decline, I used the daily signals aggressively, but maybe we need to wait for the weekly to signal a bottom, which would take 2 more weeks after this week's close. If we see a smaller range this week, compared to the previous one, that's a start.
回复
IvanLabrie IvanLabrie
Btw, nothing really changed, just that it won't bottom right away. I don't think it'll go much lower, if any lower. Just that it will chop and frustrate everyone, for a couple weeks.
回复
N-rG IvanLabrie
@IvanLabrie, agree
回复
@N-rG, 5100 CNY. well... 1,5 months of uptrend ruined. this fudding is so sad
回复
N-rG Pato99
@Pato99, what fudding are you talking about? That new with chinese central bank? If that news is valid, i think people just misinterpreted them. Because in my eyes it is actually not bad that the chinese try to stop manipulation. But yes, it still hurts to see BTC suffering. As long we dont hit below 720 it is okay, but everything below would destroy BTC repuation as a long term investment.
回复
@N-rG, I think it's actually bullish in the end, if they can reduce volatility, and regulate these nasty exchanges like okcoin, huobi. They are 100% manipulating price, margin calling people, offering 10-20x leverage on an instrument with such volatility is already a death trap.
回复
@Pato99, why ruined? Just a new monthly low. Not a huge deal.
We have tagged the yearly pivot btw:

I think it'll gradually bottom and base around here. It can take a while, I assume after the Chinese new year (this is dirty bs and manipulation 100%, aided by the PBOC in panic)
回复
Pato99 IvanLabrie
@IvanLabrie, yes this is manipulation at its best but this is terrible for BTC reputation. I´m really pissed about that. They artifically decrase market cap without much capital. I hope chinese gov fucks those thugs @ OKC

+1 回复
@Pato99, indeed, they are no better than crack salesman...which is what offering 20x trading in BTC is, catering to gamblers.
+1 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出