BTCCNY: Daily is neutral here, weekly bullish

I'm monitoring the daily chart in BTC. We have a new fundamental key level to add to our arsenal.
We need to see bulls form a daily low, that on close, sits above the 4828.24 mark asap, to signal that the capital controls news isn't killing the rally. This might take a couple days.
For the time being I'm holding a 15% long position in BTC, and looking to trade short term dips without closing this core position, and rebalancing if need be.

Good luck,

Ivan Labrie.

Comentário:

Comentário:

Notice that the pink support level held and that we're retracing.
Let's see if we move above 4828.24 next.

Comentário:

Comentário:

www.coindesk.com/bit...sion-0-13-1-release/

This will be interesting.

Comentário:

www.coindesk.com/chi...a-miners-big-blocks/

Comentário:

Very strong move so far, if we hold above the resistance it might keep trending in a stable manner.

Comentário:

Support holding, and not a single daily high under the news key level, means buyers are in control. Daily RgMov trend shifted down though, so be careful.
Weekly is still up, this is usually a buy signal for longer term players.

Comentário:

BTC is closing above the news key level it seems...if it stays above, it'll keep going up. Holding long term 15% stake.
s3.amazonaws.com/tra...shots/v/VDdPcNzA.png

Comentário:

s3.amazonaws.com/tra...shots/j/JE3erGmA.png

And bingo, we're heading higher, if we close above the recent high, and see price form lows above, we'll be headed towards 6555 next.

Comentário:

(I had doubled my long at 4918 or so)