ChartArt

The Bitcoin rally is over after forming a double top pattern

Satış
BTCCHINA:BTCCNY   None
After a fast and furious price advance in Q4 2015 the weekly RSI now looks like a double top and therefore the only direction for the BTC price is back down to test the deep buy support (which could be around 1900-2100 CNY).

Short entry: 2750 CNY (not everyone was able to sell during Christmas 2015 ...)
Stop loss: 2800 CNY
Target: 2050 CNY

P.S. If the price falls and stays below the SMA 200 this would confirm my bearish "Untangle the Bitcoin angle" scenario.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.