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mid term Bearish :: CD Wave in a XABCD Pattern
Actually the 80% of the market are a CNY market, I'm making my analisys under the Huobi market because I observe this exchange and okcoin are the masters of the other exchanges.
After a bullish market and a XABCD initiating pattern, now probably we have in the last CD segment of the bearish CD wave:
The targets are
1: 3550 CNY ~> $572
2: Fib 76% 3000 CNY ~> $480
3: Fib 100% 2650 CNY ~> $427
After a bullish market and a XABCD initiating pattern, now probably we have in the last CD segment of the bearish CD wave:
The targets are
1: 3550 CNY ~> $572
2: Fib 76% 3000 CNY ~> $480
3: Fib 100% 2650 CNY ~> $427
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