Retracement complete, slow rise awaiting bad news

2017年1月14日BTC hit all time high like a charm and had its complete retracement quicker than expected. China margin news have left some at limbo and alot of speculation. Despite that its time for a bounceback and now would be a good time when whale shorters are being cautios.

A possible scenario is that chinese whales are now slowly moving their funds (btc) out of the country so they can use the western margin possibilities. This will take a couple of days and in the meantime it would be profitable to let it rise.

TP1 around 922 and TP2 at 1000

*Note* Could be a risky trade as the indicators are not fully convincing despite a small break through in the 4h.

2017年1月21日

交易开始

TP1 reached for those who want out with 10% profit. TP2 in sight for the more patient ones

2017年2月2日

交易结束：到达目标

TP2 reached like a charm, closing trade. Could continue but resistance will be strong. We will see :)